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Life Insurance: The new real estate equation
In 2020, the life insurance equation will be profoundly changed in relation to previous years, in a direction favouring collective real estate.
Although the average return of euro funds (guaranteed capital) was established for the year 2018 at 1.80%(1), they were expected to fall for the year 2019. Most insurance companies have limited their conditions of access to the euro funds of their contracts, with the intention of mechanically increasing the share of units of account. These evolutions can be explained by the persistence, since the end of 2018, of an environment of negative true rates which is whittling away at both the operating results of insurance companies and their ability to provide the capital guarantee for the part held in euros. What role can, and must, real estate play in this new reality? Daniel While, Research and Strategy Director, analyses this in a new report..
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The team
Henry-Aurélien Natter joined Praemia REIM as Research Manager in January 2018. He has the mission of developing the analyses of the Research & Strategy Department on the real estate markets, the economy and capital in France and in Europe.
Henry-Aurélien Natter began his career at Les Echos Etudes (formerly Eurostaf), then at C&W (formerly DTZ), and lastly at BNP PRE, where he acquired solid and varied experience in real estate research, strategy and finance. He is qualified with an AES degree in Business Management, a Masters Decree in management and SME management, and an International Master in commerce and marketing.
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