Japan life insurers expand their foreign investment
Thursday, 10 27 2016, Category: Insurance and Reinsurance, Country: Asia
Life insurance companies in Japan have increased their allocations into foreign-currency-based investments over the past five years, currently accounting for 22 percent of total invested assets compared with 15 percent in 2011, according to an AM Best briefing.
The briefing suggests that Japanese insurers have increased their overseas investments in search of higher returns, as government bond yields have decreased over the long term, and have been further exacerbated by the introduction of negative interest rates.
Foreign investment have grown 7 percent year-over-year to ¥78.7 trillion (approximately $754.9 billion) through March 31 2016.
Source: Intelligent Insurer