March 2, 2020 / 1:56 PM / a month ago

BRIEF-Moody's Says Global Insurers To Feel Coronavirus Impact Through Financial Market Volatility

March 2 (Reuters) - Moody’s:

* MOODY’S SAYS GLOBAL INSURERS TO FEEL CORONAVIRUS IMPACT THROUGH FINANCIAL MARKET VOLATILITY

* MOODY’S SAYS EUROPEAN INSURERS’ SOLVENCY II RATIOS ARE PARTICULARLY SENSITIVE TO FINANCIAL MARKET VOLATILITY, MOVEMENTS IN BOND YIELDS, CREDIT SPREADS

* MOODY’S SAYS IT BELIEVES THAT NON-LIFE INSURERS’ EXPOSURE IS LIMITED AND CONSEQUENTLY DOESN’T EXPECT A SIGNIFICANT CLAIMS IMPACT FROM CORONAVIRUS

* MOODY’S SAYS ECONOMIC SLOWDOWN TRIGGERED BY CORONAVIRUS OUTBREAK TO CRIMP BUSINESS VOLUMES FOR INSURERS

* MOODY’S SAYS SECOND ORDER EFFECTS SUCH AS FINANCIAL MARKET VOLATILITY & LOWER BOND YIELDS TO HAVE BIGGER IMPACT ON INSURERS’ CAPITAL & PROFITABILITY

* MOODY’S - ECONOMIC SLOWDOWN TRIGGERED BY CORONAVIRUS OUTBREAK TO LEAD TO HIGHER CLAIMS FOR SOME INSURANCE TYPES INCLUDING TRADE CREDIT, EVENT CANCELLATION INSURANCE Source text for Eikon:

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