The factors contributing to Fitch Ratings' negative outlook forthe global insurance industry are unlikely to improve enough in thenear term to allow for a revision to a stable outlook, the companyreports.
Fitch describes the signs it will look for to signal animprovement including the strength of the economic recovery,improved capital access and financial flexibility, and greatercertainty regarding investment valuations.
Throughout 2008, Fitch moved its rating outlooks for allsegments and regions of the global insurance industry to negative.Continued mounting instabilities in the economic and operatingenvironments have led Fitch to downgrade over 40 percent of itsrated insurance groups since fourth-quarter of last year.Additionally, more than 60 percent of Fitch's rated insuranceentities either have a negative outlook or on rating watchnegative.
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