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Moody's says Irish life insurance firms 'least exposed' to interest rate risk.

Global Banking News-March 27, 2015--Moody's says Irish life insurance firms 'least exposed' to interest rate risk

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Global Banking News - 27 March 2015

According to Moody's Investor Services, Irish life insurance firms are least exposed to interest rate risks.

The ratings agency made the comment after reviewing 21 large life insurance markets. It found that life insurers in Germany, Netherlands, Norway and Taiwan are amongst the most exposed to interest rate risks, while companies in Australia, Brazil, Ireland, Mexico and the UK are the least exposed.

An analyst with the agency said, 'We expect global interest rates to remain low by historical standards, so new money and maturing assets will be reinvested at yields that are lower than current portfolio yields. As a result, life insurers' investment returns will continue to decline for many years.'

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Publication:Global Banking News (GBN)
Date:Mar 27, 2015
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