LONDON–(BUSINESS WIRE) – While the global response to the COVID-19 pandemic has contributed to an unprecedented economic slowdown worldwide, potentially reducing the value of insurable risk, the market location is creating interesting opportunities for insurers in some business lines. In response, according to a new comment by AM Best, capital is coming into the sector, leading to questions about the emergence of a 2020 class.
The Best’s comment, “Raising Insurance Capital – Strengthening Existing Firms or Financing Start-Ups?” examine the background of capital increases and consider the challenges that any start-up company may face. The comment also notes that the focus of any new start-ups in 2020 will likely be on traditional insurance products, along with a greater push towards technology-based solutions that have yet to come to the fore.
To access a free copy of this comment, visit http://www3.ambest.com/bestweek/purchase.asp?record_code=299141.
AM Best is a global credit rating agency, news publisher and analytics provider specializing in the insurance industry. Headquartered in the United States, the company operates in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
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