A report by rating agency Moody’s has found that insurers are set to benefit from consolidation of Spanish banks.
This is due to the major role that those banks play in the distribution of life products, according to the report.
The report provides three potential scenarios illustrating the credit effects on insurers of the redistribution of bancassurance agreements.
"We believe that large insurers with a competitive advantage in their distribution network through stronger banking groups are the likely candidates to benefit from the redistribution of insurance market shares," said Laura Perez Martinez, a Moody's Analyst and author of the report.
The rest of this article is locked. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.
To take out a free two week trial, use the same link but select the 'trial' option in the dropdown box.
For multi-user price options, or to check if your company has an existing subscription we can add you into, please email Elliot at efield@newtonmedia.co.uk
Moody’s, Spain, bank consolidation
