Allianz Surveys the 2009 Market and Sees a Few Small Signs of Hope

The worldwide financial crisis will continue to churn up the banking sector through 2009, but its impact on the insurance industry remains unclear.

Sector giants such as American International Group and Swiss Re took a pounding as the crisis unfolded, but not in their core insurance and reinsurance operations. Rather, they suffered from over-extension into trading of derivatives and credit instruments.

Allianz Surveys the 2009 Market and Sees a Few Small Signs of Hope