Action urgently needed to save the conditions under which markets – and civilisation itself – can operate, says senior Allianz figure
  • Jo Miran ( JoMiran@lemmy.ml ) 
    11·
    2 years ago

    Unfortunately, a lot of the cash on hand for insurers comes from selling financial instruments like annuities. Annuities are something that retirees buy with their life savings to provide a fixed income. If the insurance industry goes bankrupt, it’s taking a lot of people with it.