Insurance Companies

Insurance Asset Management - the best white papers

Savvy-Investor-logo

The top white papers on insurance asset management

Savvy Investor is the world's leading knowledge network for institutional investors, with 12,000 members, a research library containing 12,000 white papers, and an entire section of the site dedicated to curating the best new, research and white papers on insurance asset management.

Here is our selection of the best recent white papers on insurance asset management:

Solvency II and Absolute Return Investing (Standard Life, 2016)
In this paper, the authors examine the implications the Solvency II "look-through" principle has for calculating solvency capital needs. The principle assesses the individual investments held in a fund and their true risk characteristics. The authors highlight how it may change the way various asset classes are viewed by insurers, among other issues.

2015 Insurance Industry Survey (Natixis)
A number of significant changes are afoot in the insurance industry - investment and regulatory pressures, challenges to the portfolio construction process, and more. This survey by Natixis Global Asset Management provides insights into what key decision makers think will ensure success in this new market reality.

Capital Management in Insurance Survey 2015 (Deloitte)
This survey provides insights into the ways insurers can become more effective at managing capital in an ever-changing environment. Topical areas of discussion include Solvency II implementation and how balance sheets react to economic conditions, such as interest rate volatility. The survey covers 50 insurers from across 10 different European countries.

Insurance Asset Management - a comprehensive guide
This excellent 120 page report from Patpatia & Associates provides a comprehensive guide to investment practices and policies within US and global insurance asset management. The document analyses the variations in strategy for different business lines, such as life & annuity business, property & casualty, and health insurers. It also considers investment strategies in the reinsurance sector; insurance investment operations, ALM, and policy and practice within a variety of asset classes. It looks at outsourcing of investment management by insurers, and the methods used to select fund managers for insurance portfolios.

Five Questions Insurers Should Ask When Hiring Asset Managers
In this 2014 paper, the authors have compiled a list of five key questions insurers should consider in determining if an asset manager fully appreciates the demands of serving an insurance client. While a manager’s history of strong investment performance and broad array of investment skills may deserve consideration, is the manager fully versed in the often complex business of insurance asset management? It can be a very different environment, given the nuances of GAAP, statutory (STAT) and tax accounting, risk-based capital charges, realized and unrealized gains and the different rules for the various types of insurance companies.

Consequences of Solvency II for European Insurers managing Fixed Income portfolios (Natixis, June 2016)
A number of significant changes are afoot in the insurance industry - investment and regulatory pressures, challenges to the portfolio construction process, and more. This survey by Natixis Global Asset Management provides insights into what key decision makers think will ensure success in this new market reality.

Rethinking Risk In A More Uncertain World: Global Insurers' Investment Strategies (2015)
This report, commissioned by BlackRock and produced by the The Economist Intelligence Unit, investigates the outlook for investment strategy and investor sentiment at insurance companies around the world with respect to asset allocation and fixed-income portfolios.

Managing a Matching Adjustment Portfolio: Insights from an insurance asset manager (Standard Life, 2016)
Written from the point of view of an investment manager, this paper examines how insurers in Europe can use the Solvency II MA (Matching Adjustment) provisions. The provisions give insurers a efficient capital mechanism for holding suitable long-term assets to match suitable life or annuity insurance obligations.

Patpatia & Associates Report: Insurance Alternative Investment Analytic (Hedge Fund Focus)
This in-depth analysis of insurers’ alternative investment practices is based on interviews with senior investment decision-makers from insurance companies ranging across business lines and size segments. At 70 pages, the report includes a detailed exploration of insurance alternative investment trends, with a particular focus on hedge funds. It also contains anonymized case studies underscoring the diverse and sometimes ingenious approaches insurers are taking to alternatives investing.

Feedback