While most big Japanese insurers are maintaining their allocation to domestic stocks, Dai-ichi Life has said that it will slash its interest rate and equity risk by 20% by March 2024.
The country’s implicit backstop to all state-linked borrowers has stymied credit and risk analysis. Abandoning it will encourage proper risk management and better bond pricing.
Traditional approaches to market and reference data management can be expensive to implement and run, which means more firms are now looking at alternative ways to handle data. At the same time, clients want to avoid having to re-invent the wheel and would like to follow standard practices – which is where Data-as-a-Service comes into play.
The China Development Bank-backed China Africa Development Fund saw investments dry up this year amid Covid-19, with an internal management investigation and Africa’s lagging GDP and higher financial risks also causing pressure.