Analysis

• German insurers face crunch on guaranteed products

  20 May 2015

  German insurers are struggling to meet guaranteed rates on life insurance products when returns on traditional investment assets are so paltry. How big a drain on capital is the mismatch producing and what's being done to ease this? Sarfraz Thind explains

• Allianz CIO prepares for post-QE volatility

  14 May 2015

  Andreas Gruber, CIO of Allianz, handles one of the biggest insurance investment portfolios in the world. Here he talks to Sarfraz Thind about the structure used to support multiple regions and assets, the attractions of illiquid assets and being ready for when the bubble bursts at the end of quantitative easing

• Asian insurers step up European real estate investments

  06 May 2015

  The safe haven status of Europe and deregulation at home are major spurs; London is a favoured target. Joe Valente explains

• The challenge of hedging under the volatility adjustment

  29 April 2015

  The multiple factors used to calculate the Solvency II risk-free rate when using the volatility adjustment (VA) render it almost impossible to hedge perfectly while maintaining capital efficiency, but that in turn creates an opportunity for value-added asset-liability management, says Paul Fulcher

• Private equity seen as giving insurers best returns

  27 April 2015

  The latest GSAM survey casts light on the asset classes insurers favour over the next 12 months, where they see the best returns, differences between CIOs and CFOs and the impact of regulation on investment decisions

• Matching adjustment details challenge UK insurers

  22 April 2015

  The matching adjustment is currently the biggest issue for UK insurer asset portfolios before Solvency II comes into force next year. Among the key issues are equity release, FX hedges and collateral. Sarfraz Thind reports

• Friends Life CIO values his investment banking skills

  13 April 2015

  At Friends Life Robert Groves has brought an innovative approach to the role of CIO from his previous career in banking. Right now his biggest challenges are ensuring Friends Life's assets are eligible for the matching adjustment and sourcing higher-yielding investments, as Sarfraz Thind explains

• Insurers see the gold in green

  09 April 2015

  Green bonds are looking increasingly attractive to insurance companies which want to meet their risk and return objectives while producing a positive environmental or social impact. But there are concerns about the definition and capacity of the market, as Mark Nicholls explains

• Navigating the hard realities of policy divergence

  31 March 2015

  The European Central Bank (ECB) unleashing quantitative easing just as the US Federal Reserve sits at the cusp of tightening is causing global currency spasms and market angst. Iain Stealy describes how insurance companies investing in bonds might react to these developments

• Insurers stick with bonds despite ECB buying spree

  26 March 2015

  The launch of QE has sent bond yields tumbling but duration mismatches and capital charges on alternatives discourage reallocation, explains Hugo Coelho