First the insurers moaned about the zero interest rate – now about the return of interest rates. That doesn’t bode well for life insurance and annuity customers
Nadine Oberhuber
At least buying huge safes is no longer discussed. The insurance industry wanted to buy them in all seriousness in 2021, report industry insiders. Because of the negative interest rates. Because even insurers – who hold around a third of Germany’s total financial assets on their books – were supposed to pay penalty interest to the central banks for hoarding customer funds.
Source: Stern
