Jakten på avkastning

“Search for yield” behaviour In a low yield environment insurers may be tempted to engage in more risky activities or follow a more aggressive investment strategy by shifting a considerable part of their investment portfolio to more risky assets. This conduct is usually known as “search for yield” […]

Det huvudsakliga hotet mot pensionerna

The effects of low interest rates can be broken down into three elements: cashflow effects, reinvestment effects and effects on the valuation of assets and liabilities. Cashflow effects stem from yield spread compression, as new premiums and maturing investment returns are reinvested at lower yields relative to the […]