"Despite sustained low interest rates, we expect the life insurance sector to remain stable over the next 18 months," Moody's said.
KUALA LUMPUR: Moody’s Investors Service has changed the outlook for the global life insurance sector to stable from negative for 2021.
It said on Wednesday the change in outlook mirrors a recent shift in outlook to stable from negative for life insurers in the US and Japan, two of the world’s largest life insurance markets.
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