Real estate debt: downside protection in the spotlight as market cycle turns
Real estate debt has many attractions for insurers but as we progress through the market cycle, downside protection is taking centre stage, writes M&G's Duncan Batty
Real estate debt has many attractions for insurers but as we progress through the market cycle, downside protection is taking centre stage, writes M&G's Duncan Batty
In recent years researchers from both academia and the asset management industry, drawing on an ever-expanding universe of data, have conducted numerous studies to establish whether such a relationship exists.
The future of infrastructure investment requires a dynamic, flexible, open-ended approach that takes into account the innovation in the sector and understands the potential positive impact on returns from emerging technologies.
Emerging market corporate debt has been a rapidly growing universe over the last 10 years. What might be of surprise is that over 55% of the EM corporate universe is investment grade.
In this third and final article I look at investment strategies that “work” for insurers. Whilst touching on more modern diversified growth and absolute return bond fund strategies, we find opportunities that can be overlooked in plain vanilla equities, convertibles and even conventional multi asset strategies
Today's technology environment is changing at lightning speed. At the centre of this revolution is information backed by tools like cloud, AI and machine learning. So how best to harness the technology?
Dick Rae of BMO Global Asset Management explores how insurers' exposure to market risk varies and compares how typical British, French and German non-life companies behave
Dick Rae of BMO Global Asset Management looks at asset optimisation and the extent to which risk can influence asset allocation.
An allocation into direct lending can provide insurers a diversified source of higher, less volatile returns over a longer-term time horizon
Extreme monetary policy since the global financial crisis has distorted capital markets...
The changing regulatory landscape and current market environment are creating challenges for the establishment and management of insurers' investment strategies, including: understanding the impact of investment strategy on regulatory capital requirements, identifying new investment strategies to enhance yield, accessing alternative or illiquid assets, and designing a framework for more integrated modelling of assets and liabilities.
Solvency II started as a regulatory act – designed to enhance risk management and to bring insurers a deeper understanding of their business, while also sharing this understanding with regulators. And this is largely what happened in the UK until the end of 2015.