European insurance is recovering

Following the publication of the results of the major market players, a study conducted by the British firm PriceWaterhouseCoopers has revealed that European insurers would see an improvement of their performances as of 2012. With a cumulative pre-tax operating profit of 13.7 billion EUR (18 billion USD) in life insurance and of 22.4 billion EUR (29.6 billion USD) in non-life, the year 2011 would be a historical low. The downturn of the financial markets and the efforts undertaken by companies in terms of management and underwriting should bear fruit in future results.