Cerulli Report

Rising Interest Rates Create New Dynamic in Insurance General Account Landscape


Author: Funds Society, Miami

  1. Prior to 2021, insurance general accounts (IGAs) were operating in a vastly different investment environment due to consistently low interest rates. Yields on traditional public fixed-income products often were unattractive reinvestment opportunities, causing insurers to look elsewhere
  2. However, since the consistent rise in interest rates through 2022, insurers now see much more attractive reinvestment opportunities in traditional public fixed-income markets