the case of insurance is that they follow the curve of the interest rates. So one would expect tailwinds in the next coming years. However, it obviously takes a good company as well. You cannot invest in a terrible insurance company and hope it will appreciate in price together with rising interest rates. You, as always, have to do some research and invest in the best companies, and if you get macroeconomic headwinds that is a big bonus. I would think, in comparison to the years you mentioned, that IAG have got themselves sorted out and will appreciate in price in the next going years, but as always, only time will tell. Cheers
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