by Abigail Babson, Amar Reganti, and Anand Dharan of Wellington Management
"Low yields and tight credit spreads pose quite the challenge for insurers who are beholden to fixed income investments. And, with economic and public-health uncertainty likely to be the norm for the foreseeable future, it’s safe to say that markets will remain volatile. In this environment, we would argue that insurers need to think even harder about how fixed income can best meet the needs of their business."