Coronavirus turns up heat on European insurers and India’s public-sector banks

Original publish date: August 26, 2020Inside this episode:Antonello Aquino from the Insurance team explains why European insurers are giving back premiums now and might have to cover more claims later because of the pandemic. (begins at 1:59)Banking team analyst Alka Anbarasu details the government support India’s public-sector banks will need to maintain capital strength as credit costs rise in COVID-19’s wake. (begins at 9:09)​​​​​​​​​Related content:Coronavirus fallout will leave banks with capital shortages again- As the coronavirus outbreak hurts India's economy growth, sharp increases in credit costs will erode banks' profit. Consequently, banks will face large capital shortfalls again.Insurers face increasing social and legal risks arising from coronavirus- European non-life insurers are under political, social and legal pressure to surrender one-off profits generated during the coronavirus crisis or pay additional coronavirus-related claims.Moody’s Banking Series - The Series digital program is free and offers exclusive interviews, thematic panel discussions and regional deep dives.​