Quotes of interbank currency market of Ukraine (uah for 1 pln, in 01.07.2024-30.07.2024)
Open4Business.com.ua
Insurers in 2024 will focus on increasing investment in private markets, clean energy infrastructure and innovative technologies. According to the Reinsurance News website, this is according to the 13th annual Global Insurance Report by asset management company BlackRock.
For the third consecutive year, the report found that the majority of insurers plan to increase private market allocations, with 91% of respondents indicating they will do so in the next two years.
That figure reaches 96% for insurers in Asia Pacific and North America. The report is based on information from 410 insurance investors in 32 markets managing approximately $27 trillion in assets.
“With 2024 expected to be a landmark election year, insurers are increasingly concerned about how political uncertainty could impact macroeconomic risks, citing regulatory changes (68%) and rising geopolitical tensions and fragmentation (61%) as top concerns,” the report notes.
In addition, market risks such as interest rate volatility (69%) and liquidity problems (52%) were identified as critical.
Despite these challenges, 74% of insurers have no plans to change their current risk profiles. Many insurers cited the value of partnerships in improving their internal expertise for risk assessment and portfolio management, with 40% of respondents emphasizing that an investment partner that understands both their insurance business and operating model is critical to achieving their strategic goals.
In the public markets, 42% of insurers plan to increase investments in government and agency bonds, while 33% focus on inflation-linked bonds, as 46% view inflation as a significant macroeconomic risk. In addition, 44% of insurers are looking to increase their holdings in cash and short-term instruments to maintain liquidity.
BLACKROCK, clean energy, INNOVATION, INSURERS, INVESTMENT, private markets
Quotes of interbank currency market of Ukraine (uah for €1, in 01.07.2024-30.07.2024)
Open4Business.com.ua
Quotes of interbank currency market of Ukraine (uah for $1, in 01.07.2024-30.07.2024)
Open4Business.com.ua
Number of unemployed in Ukraine and job opportunities, 2023-2024
Open4Business.com.ua
The United Kingdom has fallen to seventh place in the world in terms of the total capitalization of companies traded in the country, passing the Canadian market, Bloomberg writes.
Since the beginning of the year, the market value of companies traded in Canada has increased by 11% to $3.22 trillion.
The British stock market, which was once among the world’s leaders, is also inferior to the United States, China, Japan, Hong Kong, and India. Last year, it also passed France, but due to the difficult political situation in the neighboring country, the UK regained its status as Europe’s largest equity market earlier this year.
Over the past decade, Canadian companies have increased their capitalization by about $1 trillion, while British companies have lost about the same amount.
Brian Madden, head of First Avenue Investment Counsel, attributes this mixed performance to the UK’s decision to leave the European Union. In addition, the tech sector has an extremely small share in the main British stock index, the FTSE 100, at only 1% compared to 8.4% in Canada. In the US stock index S&P 500, high-tech companies have a share of about 30%.
Bloomberg notes that since 2022, there has not been a single IPO in Canada. However, during the same period, the Toronto Stock Exchange lured 51 companies from competing trading platforms.
Meanwhile, London still ranks second in the ranking of the world’s largest financial centers, second only to New York. Toronto ranks 23rd on the list. In addition, 11% of all global assets are managed from the UK.
