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There is a shadow hanging over Europe’s life insurers; an enduring challenge that threatens to decimate their reserves, sap their profitability and even plunge them into insolvency. This is the challenge posed by a prolonged low interest rate environment.
The European economy entered this treacherous world back in 2008, when the European Central Bank (ECB) first cut rates from 4.25% to 3.75% as part of coordinated action by the world’s central banks to buoy
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