Life insurers withstand recent turmoil but face new pressures

According to financial regulator BaFin, at the end of 2007, life insurers held only 16.2% of their capital in high-risk investments

The current crisis may help German life insurers attract more business from banks, suggested the latest update on the sector from ratings agency Fitch, as the country’s conservatively invested life insurers may be perceived as particularly trustworthy asset managers for retirement provisions.