Best’s Market Segment Report: AM Best Assigns Negative Outlook to Spain’s Life Insurance Market

Business Wire

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LONDON--(BUSINESS WIRE)--AM Best has assigned a negative market segment outlook to the Spanish life insurance market. Key supporting factors include AM Best’s expectation of a negative impact on earnings and solvency metrics due to the financial market volatility and global recession driven by the coronavirus (COVID-19) pandemic, a reduced demand for savings products and an increased risk of corporate bond default due to the deteriorating economic conditions. A new Best’s Market Segment Report,

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