Worsening impact from low interest rates
Wednesday, 07 31 2019, Category: Insurance and Reinsurance, Country: World
The ongoing low interest rate environment in investment markets is expected to heap additional pressure on the insurance and reinsurance industry in years to come, according to Munich Re’s CEO.
Interest rates have been considered depressed for a number of years now and it seems this may be better considered a new normal, as there is worse still to come according to Joachim Wenning.
Speaking to German newspaper Welt this weekend, the Munich Re chief explained that the low interest rate environment is set to continue and this has significant ramifications for the insurance and reinsurance business model.