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Central banks’ cheap money has been the favourite weapon of governments to fuel the feeble recovery of the world’s economies and lend struggling banks a hand. But it has been a slow-acting poison on insurers’ balance sheets, diminishing returns on fixed-income portfolios and threatening insurers’ ability to meet long-term guarantees.
Stress tests conducted in the past two years in Europe have shown that insurers’ capital positions have worsened steadily and
The week on Risk.net, July 14–20, 2017Receive this by email