According to the federation of European insurers, the insurance companies headquartered in the old continent have increased the amount of assets under their management by 3.2% at 11700 billion USD in 2013.
They are by far the largest institutional investors ahead of pension funds that own only 5 782 billion USD. German, British and French insurers, alone, account for 60% of the 11 700 billion assets.
They are by far the largest institutional investors ahead of pension funds that own only 5 782 billion USD. German, British and French insurers, alone, account for 60% of the 11 700 billion assets.
