An "accumulation of risks" is confronting global insurers as the result of low interest rates and regulatory changes, a report from Standard & Poor's says. Insurers' credit quality is taking a hit from persistently low interest rates, which also pose challenges for insurance business models, the report said. Meanwhile, the regulatory landscape is still uncertain, "adversely affecting many insurers' cost of capital [and] strategic choices and, as a result, is weighing on ratings," S&P said.

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