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: | |
|---|---|
| Weitere Verfasser: | , |
| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2016
|
| Schlagworte: | |
| Online-Zugang: | 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 p.) 21 x 28cm. |
| DOI: | 10.1787/fmt-2016-5jln3rh7qf46 |
Internformat
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061297720 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121121.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2016 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/fmt-2016-5jln3rh7qf46 |2 doi | |
| 035 | |a (DE-627-1)061297720 | ||
| 035 | |a (DE-599)KEP061297720 | ||
| 035 | |a (FR-PaOEC)fmt-2016-5jln3rh7qf46 | ||
| 035 | |a (EBP)061297720 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a G22 |2 jelc | ||
| 084 | |a F21 |2 jelc | ||
| 084 | |a O16 |2 jelc | ||
| 084 | |a E22 |2 jelc | ||
| 100 | 1 | |a Gründl, Helmut |e VerfasserIn |4 aut | |
| 245 | 1 | 4 | |a The evolution of insurer portfolio investment strategies for long-term investing |c Helmut, Gründl, Ming (Ivy), Dong and Jens, Gal |
| 264 | 1 | |a Paris |b OECD Publishing |c 2016 | |
| 300 | |a 1 Online-Ressource (55 p.) |c 21 x 28cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a 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 | ||
| 650 | 4 | |a Finance and Investment | |
| 700 | 1 | |a Dong, Ming (Ivy). |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Gal, Jens |e MitwirkendeR |4 ctb | |
| 773 | 0 | 8 | |i Enthalten in |t OECD Journal: Financial Market Trends |g Vol. 2016, no. 2, p. 1-55 |
| 773 | 1 | 8 | |g volume:2016 |g year:2016 |g number:2 |g pages:1-55 |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/fmt-2016-5jln3rh7qf46 |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC-article | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a AR | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061297720 |
|---|---|
| _version_ | 1816797352542863360 |
| adam_text | |
| any_adam_object | |
| author | Gründl, Helmut |
| author2 | Dong, Ming (Ivy) Gal, Jens |
| author2_role | ctb ctb |
| author2_variant | m i d mi mid j g jg |
| author_facet | Gründl, Helmut Dong, Ming (Ivy) Gal, Jens |
| author_role | aut |
| author_sort | Gründl, Helmut |
| author_variant | h g hg |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC ZDB-13-SOC-article |
| ctrlnum | (DE-627-1)061297720 (DE-599)KEP061297720 (FR-PaOEC)fmt-2016-5jln3rh7qf46 (EBP)061297720 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/fmt-2016-5jln3rh7qf46 |
| format | Electronic Article |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02904caa a22004332 4500</leader><controlfield tag="001">ZDB-13-SOC-061297720</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121121.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2016 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/fmt-2016-5jln3rh7qf46</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061297720</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061297720</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)fmt-2016-5jln3rh7qf46</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061297720</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">G22</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">F21</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">O16</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E22</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Gründl, Helmut</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="4"><subfield code="a">The evolution of insurer portfolio investment strategies for long-term investing</subfield><subfield code="c">Helmut, Gründl, Ming (Ivy), Dong and Jens, Gal</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2016</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (55 p.)</subfield><subfield code="c">21 x 28cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Investment</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Dong, Ming (Ivy).</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Gal, Jens</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">OECD Journal: Financial Market Trends</subfield><subfield code="g">Vol. 2016, no. 2, p. 1-55</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:2016</subfield><subfield code="g">year:2016</subfield><subfield code="g">number:2</subfield><subfield code="g">pages:1-55</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/fmt-2016-5jln3rh7qf46</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-article</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061297720 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:56:13Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (55 p.) 21 x 28cm. |
| psigel | ZDB-13-SOC ZDB-13-SOC-article |
| publishDate | 2016 |
| publishDateSearch | 2016 |
| publishDateSort | 2016 |
| publisher | OECD Publishing |
| record_format | marc |
| spelling | Gründl, Helmut VerfasserIn 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 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource 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). MitwirkendeR ctb Gal, Jens MitwirkendeR ctb Enthalten in OECD Journal: Financial Market Trends Vol. 2016, no. 2, p. 1-55 volume:2016 year:2016 number:2 pages:1-55 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/fmt-2016-5jln3rh7qf46 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_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 | 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 |
| work_keys_str_mv | AT grundlhelmut theevolutionofinsurerportfolioinvestmentstrategiesforlongterminvesting AT dongmingivy theevolutionofinsurerportfolioinvestmentstrategiesforlongterminvesting AT galjens theevolutionofinsurerportfolioinvestmentstrategiesforlongterminvesting AT grundlhelmut evolutionofinsurerportfolioinvestmentstrategiesforlongterminvesting AT dongmingivy evolutionofinsurerportfolioinvestmentstrategiesforlongterminvesting AT galjens evolutionofinsurerportfolioinvestmentstrategiesforlongterminvesting |