Over half of Europe’s largest insurers have SCR ratio of above 200%

Written by Adam Cadle

29/11/2021

More than half of the largest European insurers have a SCR ratio of above 200%, according to AM Best’s latest insurance report.

The SCR ratios of a mumber of groups in the ranking were helped by pandemic-related regulatory restrictions on dividend payments, though not all European regulators took this approach. Year-end 2020 solvency ratios also benefited from the reversal of the unrealised losses suffered in the first quarter of 2020 as global financial markets recovered following the turbulence seen in March 2020.

AM Best’s ranking of the 30 largest European insurers based on 2020 GWP presents the picture as it stood in the midst of the COVID-19 pandemic and associated economic and social lockdowns, as well as the subsequent financial market volatility and accompanying economic downturn that followed.

In 2020, the GWP of Europe’s 30 largest insurers fell for the first time in several years. Overall, the total GWP reported by the insurers in this ranking was 0.7% lower than the aggregated figure for 2019.

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