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Is there a connection between PPPs, climate change, and life insurance? Turns out there is.

David Lawrence's picture


Photo Credit: United Nations

Public-private partnerships fit well into many sectors and industries, most obviously infrastructure and social services. But I never connected PPPs to the life insurance sector until I read a recent online interview with Andreas Gruber, the Chief Investment Officer of Allianz, a German insurance and asset management company. In the interview, Gruber gives a lucid assessment of PPPs and why they are important to Allianz.

Pension investment in infrastructure debt: a new source of capital for project finance

M. Nicolas J. Firzli's picture

At the start of the decade, the World Pensions Council (WPC) and the Organisation for Economic Co-operation and Development (OECD) helped convene some of the first international summits focusing on the future of long-term investments in the post-Lehman era, arguing that infrastructure would soon become an asset class in its own right.
 
At that time, we thought that the crisis would usher an era of durably low interest rates, pushing more pension and insurance investors to pursue a “quest for yields,” increasing mechanically their allocation to non-traditional asset classes such as: