London, 18 December 2012 -- Certain differences between the business models of European banking and insurance entities have meant that the economic dislocation from the 2008-09 global financial crisis and the on-going euro area sovereign instability have thus far weighed less on insurers than on banks, says Moody's Investors Service in a new Special Comment published today. However, the rating agency notes that insurers are not immune to a sharp deterioration in European economic conditions. Further, we acknowledge that future financial crises may involve different stresses that could impact insurers more than banks.

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