Having said that, it is important to note that insurance firms especially have not done so badly in recent years. The value of their assets increased precisely on the back of the lower interest rates and they were able to push up the profit per share, more so than the banks could in any case.
Low interest rates are now causing problems, but it is exactly our objective to bring things back to normal. Once we have price stability, interest rates will also go up again.” “Here and there, we see that the maturity of the investments is out of sync with the maturity of liabilities.