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Economic insights : the old normal: interest rate rises signal relief for insurers' returns, but likely more volatility

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<title>Economic insights</title>
<subTitle>: the old normal: interest rate rises signal relief for insurers' returns, but likely more volatility</subTitle>
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<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20180014208">
<namePart>Saner, Patrick</namePart>
<nameIdentifier>MAPA20180014208</nameIdentifier>
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<namePart>Swiss Re Institute</namePart>
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<issuance>monographic</issuance>
<place>
<placeTerm type="text">Adliswil, Swiss</placeTerm>
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<publisher>Swiss Re Institute</publisher>
<dateIssued>2023</dateIssued>
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<abstract displayLabel="Summary">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</abstract>
<tableOfContents displayLabel="Contents">Figure 1: US and euro area fixed income nominal yields -- Figure 2: MOVE (US yield curve) index distributions, pre- and post-QE  
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<note type="statement of responsibility">Patrick Saner </note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080623920">
<topic>Análisis económico-financiero</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080578527">
<topic>Tipos de interés</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080600709">
<topic>Datos macroeconómicos</topic>
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<topic>Bancos centrales</topic>
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<topic>Bonos</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080639389">
<topic>Balances</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080551346">
<topic>Inflación</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080611897">
<topic>Perspectivas económicas</topic>
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mailto:centrodocumentacion@fundacionmapfre.org?subject=Consulta%20de%20una%20publicaci%C3%B3n%20&body=Necesito%20m%C3%A1s%20informaci%C3%B3n%20sobre%20este%20documento%3A%20%0A%0A%5Banote%20aqu%C3%AD%20el%20titulo%20completo%20del%20documento%20del%20que%20desea%20informaci%C3%B3n%20y%20nos%20pondremos%20en%20contacto%20con%20usted%5D%20%0A%0AGracias%20%0A
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<recordCreationDate encoding="marc">211005</recordCreationDate>
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