IAM annual survey affirms growth of asset outsourcing


According to a new survey published by The Insurance Asset Manager, insurance companies continue to rely heavily on external portfolio management, a trend that has its roots in the 2008 financial crisis and is only likely to grow.

58 US firms participated - the most respondents to date - and the survey found that amongst the participants, $1.83 trillion of non-affiliated insurer assets were under management as of Dec. 31, 2011.

Deutsche Insurance headed the primary general account category with $206.80 billion. BlackRock was second, with $204.25 billion, followed by Conning, Wellington Management and Delaware Investment Advisors.

According to David Holmes, a partner with Eager, Davis & Holmes, US insurance general account outsourced assets grew at 17 percent annually from 2009 to 2011, and comprise approximately 12 percent of US insurance assets. Davis went on to say: “our research shows that strong growth has been driven by the quest for investment returns, but also more broadly by the need for specialised strategies, investment expertise, and thought leadership.”

IAM, asset management, captive, insurance,

Captive International