- Persistently low interest rates and regulation have been the main drivers of asset allocation for European insurers after the GFC.
- After optimising core portfolios, key avenues of diversification have been increasing allocations to non-European fixed income, mostly in the US, and to private and/or illiquid asset classes (real estate, infrastructure debt, CLOs1 and loans).
- The interactions between monetary policy and regulation have led to conflicting signals and could have ambiguous implications for financial stability.
2018 Outlook: Twin peaks
VIsit our dedicated 2018 Outlook page for more insights from our experts
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