Property insurers–as well as life carriers and their reinsurers–would all be affected by any falls in the investment market that could accompany a flu outbreak, according to a rating firm report.
The study released today by Fitch Ratings in New York found that while a stock slump could be significant, the overall impact is likely to be temporary if the outbreak is relatively short-lived.
Reinsurers, Fitch said, could be partially protected with a diversified book of business both in non-life and life products, as well as by country. However, Fitch added, there is limited geographic diversification available since 66 percent of the life reinsurance market is in North America and 25 percent in Europe–of which 50 percent comes from the United Kingdom.
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