Lessons from Japan for Europe's life firms

Insurance failures at the end of the 1990s show how not to survive low rates


The story of the Japanese insurance market at the turn of the century gives an insight into what worked for firms and, crucially, what did not when faced with persistently low interest rates. It is a story that is becoming worryingly relevant in Europe.

Following its stress test in November, the European Insurance and Occupational Pensions Authority (Eiopa) warned that capital at one in four European insurers would fall below regulatory minimums in a Japanese-like prolonged low interest rate

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: