… take place since then in terms of changes in the investment landscape where we saw traditional banks pull away from making investments in the real economy and institutional investors, including Insurers, life insurers and protection, kind of stepping into that space [of investments in the real economy]. And then with the search for yield and kind of the challenging environment, with that prolonged low interest rate environment, we saw insurers becoming again, primarily life insurers becoming more aggressive, innovative with the types of investments they were making. (20:53–21:17)
CLAIM
Asserts that insurers, particularly life insurers, have increased investments in the real economy.
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