Centro de Documentacion de Fundación MAPFRE - Economic insights : the old normal: interest rate rises signal relief for insurers' returns, but likely more volatility

MAP20230004319

Economic insights : the old normal: interest rate rises signal relief for insurers' returns, but likely more volatility / Patrick Saner . — Adliswil, Swiss : Swiss Re Institute, 2023

3 p.

Figure 1: US and euro area fixed income nominal yields -- Figure 2: MOVE (US yield curve) index distributions, pre- and post-QE
. — Sumario: Monetary policy normalisation is in principle good news for insurers, as investment income is a key driver of insurers' earnings. Higher interest rates and less bond market intervention by central banks also means a return to a more "normal" volatility regime. Consequently, we see balance sheet management becoming more important for the insurance industry

1. Análisis económico-financiero . 2. Mercado de seguros . 3. Tipos de interés . 4. Datos macroeconómicos . 5. Bancos centrales . 6. Bonos . 7. Balances . 8. Inflación . 9. Perspectivas económicas . I. Swiss Re Institute . II. Economic Insights . III. Title.