The global economy is contracting more quickly than at any time since 1900 due to the COVID-19 pandemic, with all major economies, in Europe and beyond, in deep recession. Stock markets are seeing extreme volatility and bond markets are reflecting a financial system under enormous strain, as central banks cut interest rates to ultra-low levels and restore quantitative easing at a larger scale than ever before.
Record amounts of money have been pulled from investment funds in the current turmoil. Where can insurers find yield in this environment? Will alternatives become the new norm? What about junk bonds, distressed debt and other riskier assets? Do insurers have the required hedging policies to protect themselves? Will responsible investing become more or less attractive?
The Financial Times and MandateWire present the annual FT Managing Assets For Insurers conference, gathering insurance leaders and investors to discuss the most effective strategies to deliver returns and find some sort of stability amid a devastating economic outlook and extreme market volatility.