Third-quarter GDP growth was just 0.1% and potential relapse into another recession is not out of the question.
The strength of recovery will continue to vary by country, reflecting macroeconomic factors within each subregion. Throughout Europe, this relatively slow economic growth and continued low interest rate environment is pressuring insurers as they seek paths to profitable growth, challenging existing business models, insurer investment strategies, product mix, business processes and operating structures.
For more information, please see the attached study.
