Sun Life voices concerns on SE Asia risk charges
Senior executives at the Canadian insurer’s Malaysian and Philippine units explain how risk capital charges will further exacerbate the investment challenges they face.
Southeast Asian insurers have long allocated the vast bulk of their assets onshore, largely in government bonds, but they are increasingly having to look overseas and at riskier investments for higher yields. They are concerned about the level of capital charges they will face when allocating to such assets.
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