Sovereign risk poses greatest threat to European insurers

Sovereign risk poses greatest threat to Euro insurers


Sovereign credit risk and the lack of a definite and comprehensive political response to the eurozone debt crisis are the main threats to the financial stability of the European insurance sector going into 2012, the European Insurance and Occupational Pensions Authority (Eiopa) has warned in its latest financial stability report. 

The authority concluded that the risk environment had deteriorated further in the six months since the publication of its interim report earlier in the year.

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