Zurich strives to cut HK portfolio duration gap

The relative lack of long-dated bonds in Asia remains a major challenge for life insurance firms looking for investments to match the multi-decade horizons of their liabilities. The situation has not improved in markets such as Hong Kong, despite continued pressure from the insurance industry, senior executives have told AsianInvestor.  Hence, while some insurers are now keen to reduce the duration gap between their assets and liabilities in Hong Kong, among other markets, they ar…