Around €1tn of new European business is predicted to flow to asset managers from insurance companies over the next three years, providing a valuable stream of fresh profits for fund houses. According to research from Prometeia, an Italian consultancy, insurance companies are looking for help from asset managers to address the twin problems of low interest rates and stringent European rules known as Solvency II. The consultancy has forecast that, as a result, asset managers will oversee €4.5tn on behalf of insurance company clients by the end of 2019, up from around €3.6tn, after surveying 60 institutions with total assets of €22tn.