Fitch: Insurers have modest exposure to failed banks

Insurers’ exposures to recently failed banks are modest, according to an analysis by Fitch Ratings. In addition, the ratings agency noted differences between insurers and banks from a risk perspective. “Life insurance products, whether protection or investment-oriented, are generally intended to provide benefits over the long term or to fund long-term objectives, and often include surrender charges, which disincentivize withdrawals,” Fitch noted.