Financial stability report : december 2017

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      <subfield code="a">The global economic outlook continues to improve but many challenges remain for insurers. Even if insurance companies seem to align their business models in order to remain profitable, the low yield environment persists. So far, especially life insurers have reduced and continue to reduce the guaranteed rates on new products in many countries or do not offer guaranteed products at all anymore. Although their exposures are dominated by fixed income assets, insurers might progressively look for alternative investments which can provide higher returns whilst being more risky at the same time. The prolonged low interest rate environment gives an incentive to search for yield. Green bonds can be an alternative for sustainable investments for the insurance sector though their risks are not clearly assessed yet. </subfield>
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