The past five years have seen widespread de-risking throughout the insurance industry, as firms have dumped equities in favour of safer assets such as cash and bonds. While this has made many funds more resilient to shocks in the market, it has also badly undercut returns, since yields on these assets remain disappointing.
There is palpable frustration within the insurance industry of having to operate in a persistently low-yield environment. This has led to a strong desire to increase exposure
The week on Risk.net, December 2–8, 2017Receive this by email