The evolution of insurer portfolio investment strategies for long-term investing:
The recent global financial crisis, combined with regulatory changes in financial industries, has altered the financial landscape in terms of how financing can be achieved and the potential role of institutional investors. The potential role that insurers, particularly life insurers and pension fund...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , |
| Format: | Elektronisch Buchkapitel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2016
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| Schlagworte: | |
| Online-Zugang: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
| Zusammenfassung: | The recent global financial crisis, combined with regulatory changes in financial industries, has altered the financial landscape in terms of how financing can be achieved and the potential role of institutional investors. The potential role that insurers, particularly life insurers and pension funds, can play as long-term institutional investors has become a central topic of discussion in various fora. How this role develops will, in the long run, affect how firms obtain financing for their investments and ultimately lead to growth of the real economy. This article provides an overview of the evolving investment strategies of insurers and identifies the opportunities and constraints they may face with respect to long-term investment activity. The report investigates the extent to which changes in macroeconomic conditions, market developments and insurance regulation may affect the role of insurers in long-term investment financing. It concludes that regulation should neither unduly favour nor hinder long-term investment as such but place priority on incentivising prudent assetand- liability management with mechanisms that allow for a "true and fair view" of insurers' risk exposures. In risk-based solvency regulation, an asset's risk relative to liabilities is reflected in the capital requirements. JEL classification: G22, E22, F21, O16, Keywords: insurance, long-term investment, asset-liability management, risk-based capital |
| Beschreibung: | 1 Online-Ressource (55 Seiten) 21 x 28cm |
| DOI: | 10.1787/fmt-2016-5jln3rh7qf46 |
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| spelling | Gründl, Helmut Verfasser aut The evolution of insurer portfolio investment strategies for long-term investing Helmut Gründl, Ming (Ivy) Dong and Jens Gal Paris OECD Publishing 2016 1 Online-Ressource (55 Seiten) 21 x 28cm txt rdacontent c rdamedia cr rdacarrier The recent global financial crisis, combined with regulatory changes in financial industries, has altered the financial landscape in terms of how financing can be achieved and the potential role of institutional investors. The potential role that insurers, particularly life insurers and pension funds, can play as long-term institutional investors has become a central topic of discussion in various fora. How this role develops will, in the long run, affect how firms obtain financing for their investments and ultimately lead to growth of the real economy. This article provides an overview of the evolving investment strategies of insurers and identifies the opportunities and constraints they may face with respect to long-term investment activity. The report investigates the extent to which changes in macroeconomic conditions, market developments and insurance regulation may affect the role of insurers in long-term investment financing. It concludes that regulation should neither unduly favour nor hinder long-term investment as such but place priority on incentivising prudent assetand- liability management with mechanisms that allow for a "true and fair view" of insurers' risk exposures. In risk-based solvency regulation, an asset's risk relative to liabilities is reflected in the capital requirements. JEL classification: G22, E22, F21, O16, Keywords: insurance, long-term investment, asset-liability management, risk-based capital Finance and Investment Dong, Ming (Ivy) ctb Gal, Jens ctb https://doi.org/10.1787/fmt-2016-5jln3rh7qf46 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Gründl, Helmut The evolution of insurer portfolio investment strategies for long-term investing Finance and Investment |
| title | The evolution of insurer portfolio investment strategies for long-term investing |
| title_auth | The evolution of insurer portfolio investment strategies for long-term investing |
| title_exact_search | The evolution of insurer portfolio investment strategies for long-term investing |
| title_exact_search_txtP | The evolution of insurer portfolio investment strategies for long-term investing |
| title_full | The evolution of insurer portfolio investment strategies for long-term investing Helmut Gründl, Ming (Ivy) Dong and Jens Gal |
| title_fullStr | The evolution of insurer portfolio investment strategies for long-term investing Helmut Gründl, Ming (Ivy) Dong and Jens Gal |
| title_full_unstemmed | The evolution of insurer portfolio investment strategies for long-term investing Helmut Gründl, Ming (Ivy) Dong and Jens Gal |
| title_short | The evolution of insurer portfolio investment strategies for long-term investing |
| title_sort | the evolution of insurer portfolio investment strategies for long term investing |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-2016-5jln3rh7qf46 |
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