European insurance stocks fell, with the STOXX Europe 600 Insurance Index dropping by as much as 1.9%. Allianz, Zurich Insurance Group, and Aviva saw the largest declines. Analyst Paul Newsome pointed out that investors are concerned that artificial intelligence may take market share away from insurance brokers
European insurance stocks fell, with the European Stoxx 600 Insurance sector index dropping by as much as 1.9%. Allianz, Zurich Insurance Group, and Aviva saw the largest declines. Piper Sandler analyst Paul Newsome noted in a report that "investors seem concerned that artificial intelligence will take market share from insurance brokers."