According to Alexi Maravel, associate director at Cerulli, the way a particular insurance company is reacting to a likely interest rate
hike depends on its business line: «Life insurance companies, which control the largest amount of insurance
general account assets and have to match long - duration liabilities with long - duration assets, are making investment adjustments to their surplus assets, while, on the other end of the spectrum, we find health
insurers are raising liquidity.»