They are well-placed to invest in infrastructure which can help in reducing asset-liability duration mismatches, for example. But, similar to banks, non-banks also face several challenges in the current environment, with profitability being one of the major concerns, especially for life insurers and pension funds.
As 2/4  BIS central bankers' speeches  bond yields have fallen, they are holding a growing share of low-yielding bonds, which decreases their investment income in the medium term. Many non-banks tend to compensate by searching for yield in riskier, more illiquid and higher duration assets.