News Coronavirus watch16 Mar 2020

South Korea:COVID-19 likely to constrain financial performance of insurers

The recent rapid spread of coronavirus in South Korea could raise the risk of the investment assets of South Korean insurers according to credits ratings agency Fitch. This would be due to higher financial market volatility as well as expected interest-rate cuts by many central banks including South Korea's to minimise the impact of the pandemic on the global economy.

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