The European Insurance and Occupational Pensions Authority (EIOPA), in close communication and cooperation with the other European Supervisory Authorities and the European Systemic Risk Board, has been monitoring the Coronavirus/COVID-19 situation as the outbreak continues to cause disruption to households and businesses.
It is increasingly clear that the outbreak is having significant consequences for the global economy, including financial services.
Insurers are likely to face progressively difficult conditions in the immediate future, both in terms of navigating challenging market conditions and in maintaining operations, while taking steps to protect employees and customers.
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