Insurers could also be overestimating their skill to promote belongings into harassed markets, a senior supervisor on the Financial institution of England mentioned on January 23.
Charlotte Gerken, govt director for insurance coverage supervision, wrote to companies summarising the outcomes of the BoE’s current stress-testing train. She famous many life insurers had deliberate comparable asset gross sales to deal with bouts of stress, which could work together with each other, undermining their effectiveness.
“Corporations ought to, subsequently, contemplate how
