Moody's Talks - Focus on Finance Coronavirus turns up heat on European insurers and India’s public-sector banks
Aug 26, 2020
16:47
Original publish date: August 26, 2020
Inside this episode:
- Antonello Aquino from the Insurance team explains why European insurers are giving back premiums now and might have to cover more claims later because of the pandemic. (begins at 1:59)
- Banking team analyst Alka Anbarasu details the government support India’s public-sector banks will need to maintain capital strength as credit costs rise in COVID-19’s wake. (begins at 9:09)
Related content:
- Coronavirus fallout will leave banks with capital shortages again- As the coronavirus outbreak hurts India's economy growth, sharp increases in credit costs will erode banks' profit. Consequently, banks will face large capital shortfalls again.
- Insurers face increasing social and legal risks arising from coronavirus- European non-life insurers are under political, social and legal pressure to surrender one-off profits generated during the coronavirus crisis or pay additional coronavirus-related claims.
- Moody’s Banking Series - The Series digital program is free and offers exclusive interviews, thematic panel discussions and regional deep dives.