AMWatch

KLP CEO: We can withstand zero returns for five years

The Norwegian mutual insurance company is well equipped to deal with adversity for longer periods – but feels challenges resulting from the corona crisis.

KLP Group Chief Executive Sverre Thornes | Photo: KLP

"KLP's future prospects seem viable, and we see no clouds on the horizon that change that picture. But much of what we do, especially within management, faces an uncertain future that we're obliged to deal with," says KLP Group Chief Executive Sverre Thornes.

Similar to other fund managers, pension funds and investors, KLP is feeling the effects of the corona crisis. However, Thornes tells AMWatch's new sister media, FinansWatch in Norway, that KLP is able to weather much uncertainty for a longer time without having its customers feel the consequences.

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