Standard & Poor's said that the repercussions of the Coruna virus and the decline in oil prices will threaten the profits of insurance companies in the Gulf region, which could lead to negative measures in the credit rating of companies. .
According to Reuters, Standard & Poor's added in a report that most of the insurance companies that we classify in the Gulf Cooperation Council benefit from strong capital bumpers and should be able to absorb the claims associated with Covid-19 and the volatility of the capital market.
The credit rating agency added, but the significant decline in stock markets, the widening difference in bond yields and the continuous decline in real estate prices will damage the profits and fenders of the insurance companies with significant exposure to these categories of assets.
