-
German financial watchdog: Low interest rates could trouble bigger insurers
Some bigger German life insurance companies could find themselves struggling if low interest rates persist, according to comments made by the country's top insurance regulator in an interview with a newspaper. Rock bottom capital market interest rates in Europe have slashed the income insurers can earn from their investments in bonds and other safe securities, making it increasingly difficult to fulfil obligations to policy holders. There are 93 mainly small life insurers in Germany of which many are struggling because of low interest rates. But Felix Hufeld, head of insurance supervision at financial regulator ... (full story)