Life and non-life insurance companies

Why is the non-life insurance less sensitive to interest rate risk?

they don’t offer GICs or fixed rate products. Life insurance companies are subject to disintermediation

Thanks…It makes more sense to me now, I simply memorized it before.

Also, for non-life insurance companies:

  1. Liability durations tend to be relatively short

  2. The liability structure is a function of the product mix

Also, for non-life insurance companies:

  1. Liability durations tend to be relatively short

  2. The liability structure is a function of the product mix