RAM’s co-head of financial institution ratings Sophia Lee(pic) said the mounting risks arising from more volatile financial markets and heightened credit stress amid the economic downturn would affect the overall insurance industry.
PETALING JAYA: The protracted low interest rate environment and economic implications from the Covid-19 pandemic will weigh heavily on the life insurance companies this year, RAM Ratings said.
RAM’s co-head of financial institution ratings Sophia Lee said the mounting risks arising from more volatile financial markets and heightened credit stress amid the economic downturn would affect the overall insurance industry.
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