German life insurers vulnerable to interest rate shock, research warns
QE might make it hard for insurers to protect themselves
German life insurers are vulnerable to sudden interest rate rises and may be struggling to protect themselves as a result of quantitative easing (QE) in the eurozone, a discussion paper published on June 22 by the Deutsche Bundesbank has warned
Life insurers are some of Germany's most important financial intermediaries, authors Mark Feodoria and Till Förstemann note in Lethal lapses – how a positive interest rate shock might stress German life insurers. In 2013, such insurers held €800 billion (
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