Rising interest rates result in value losses
The value of the insurance and pension fund sector’s investments fell by kr. 273 billion in the first quarter of 2022. This is a larger loss than in the first quarter of 2020, which marked the start of the corona crisis. The losses in the first quarter of 2022 are primarily attributable to rising interest rates, while the market value loss during the corona crisis was largely driven by significant stock market declines.