Mercer美世咨询：2025年保险公司首要投资考虑因素研究报告（英文版）

In the intricate world of insurance, an effective balance between underwriting performance and investment returns is not just a necessity — it is a strategic advantage. This paper explores the nuanced interplay between these two critical components, illustrating how investment risk can act as a stabilizing force, particularly during economic downturns when underwriting results may falter under the weight of increased claims and diminished premium income. By diversifying their investment portf