Goldman Sachs analysts report that diversification across the European multi-lines insurance market, comprising about 60% of the market cap within their coverage, provides a safeguard against downside risk. They favor firms that might benefit from anticipated policy rate declines, highlighting Generali and Allianz for their strong positions in life and asset management sectors respectively. The report indicates that the multi-lines sector has outperformed the Eurostoxx index over the past year, with individual companies showing healthy valuations aligned with historical dividend yields. Furthermore, analysts suggest a promising outlook for organizations like Aviva, which demonstrates significant improvement in its business mix.
