EconomyEurope’s heatwaves threaten insurers’ earnings, S&P says
S&P says Europe’s intense heatwaves could weaken insurers’ earnings as heat-related deaths, worsening health conditions and drought and wildfire claims increase. Life, health and reinsurance companies may face higher payouts, potentially leading to higher premiums, particularly as older people are especially vulnerable to heat.
Europe’s heatwaves threaten insurers’ earnings, S&P says
Economy