KUALA LUMPUR: Moody’s Investors Service has changed the outlook for the global life insurance sector to stable from negative for 2021.
It said on Wednesday the change in outlook mirrors a recent shift in outlook to stable from negative for life insurers in the US and Japan, two of the world’s largest life insurance markets.
The rating agency said the change also reflects the sector's improved growth prospects and reduced likelihood of tail events in the near term.
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