Samsung Life mulls how to tackle rate rises

Fixed income and floating-rate notes together account for some 80% of Samsung Life’s $150 billion in assets under management, meaning potential interest rate rises are a big concern, says Jeon Young-muk*, head of asset portfolio management for the insurer's general account. For most of the firm’s outstanding policies, the average liability rate of interest is 7%, or higher, he tells AsianInvestor. It therefore has to continue to guarantee payouts based on interest rates from long …