Financial turbulence and an unusually high amount of natural disasters meant 2011 was a difficult year for the insurance industry.
A number of European countries had their credit ratings downgraded and many insurance companies followed suite, adding woes to an already tough 12 months.
With the situation in Europe not expected to improve for some time we can expect tough times ahead for financial industries, including insurance.
News Insurances spoke with Marc-Philippe Juilliard from Fitch Ratings who told us what they’re expecting for the year ahead.
