March 23, 2020 / 1:30 PM / in 13 days

BRIEF-Fitch Revises Outlook For Apac Non-Life Sector To Negative Due To Covid-19

March 23 (Reuters) - Fitch Ratings:

* FITCH REVISES OUTLOOK FOR APAC NON-LIFE SECTOR TO NEGATIVE DUE TO COVID-19

* FITCH SAYS SLOWDOWN IN ECONOMIC ACTIVITIES DUE TO CORONAVIRUS WILL AFFECT APAC INSURANCE DEMAND

* FITCH SAYS DO NOT ANTICIPATE A SIGNIFICANT INCREASE IN APAC NON-LIFE INSURERS’ LOSS RATIOS IN NEAR TERM

* FITCH SAYS CURRENTLY BELIEVE RATINGS OF NON-LIFE INSURERS WILL BE LESS AFFECTED BY PANDEMIC THAN THOSE OF LIFE INSURERS Source text for Eikon:

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