国际保险监督官协会（IAIS）：2025年第140期通讯报告（英文版）

Traditionally, life insurers have relied on high-quality bonds and equities to meet long-term liabilities. However, prolonged low interest rates, combined with the need for higher returns and diversification, have driven increased investments in alternative assets such as private equity, real estate, infrastructure, hedge funds and private debt. This trend persists even amid rising interest rates. Alternative assets provide benefits such as diversification, higher potential returns and alignm