Chris Snider’s Post

We are excited to be a part of the Insurance Investor Insurance Asset Management Mid-Year Insights Report. Within the report, William Pattison, CRE® dives into what you need to know for exploring opportunities in high yield debt while Alfred Chang discusses demystifying residential whole loans for investors. Read their insights and more: https://lnkd.in/ekmMaiiV #insuranceinvestor #insuranceassetmanagement

An interim update for asset managers in which the FCA highlights further action to expect this year including: An assessment under the Consumer Duty of how asset managers have considered price and value of products and services provided to unit linked funds A joint multi-firm review with the life insurance portfolio to understand price and value across the value chain and what actions firms have taken under the Duty to improve outcomes A separate communication on the Consumer Duty and closed products and services Further proactive engagement on operational resilience Assessment of how firms governance and resourcing of change programmes has considered and mitigated risks arising from cost cutting programmes, especially to ensure that potential harms to investors and markets are appropriately addressed A multi-firm review examining valuation practices for private assets including examining the personal accountabilities for valuation practices in firms, governance of valuation committees and the oversight of boards An expectation that significant progress will be made on implementing SRF with a focus on MiFID, AIFMD and UCITS A consultation on a replacement to PRIIPS So overall a very busy time ahead for asset managers... #fca, #financialservices, #financialregulation, #consumerduty, #assetmanagement https://lnkd.in/eecKuTEV

The Insurance Asset Management Mid-Year Insights report is now available to download online, featuring the best discussions and keynotes from the Insurance Investor Live Spring event that took place in Chicago earlier this year. Get your copy here: https://lnkd.in/ekmMaiiV The report covers multiple viewpoints on risk, strategy, and technology, including macroeconomic volatility, the commercial loan mortgages market, and active versus passive strategies in portfolio management as well as many more with insights from Chief Investment Officers, Directors, and Portfolio Managers that represent insurers from across North America. Proudly sponsored by MetLife Investment Management, EnTrust Global and T. Rowe Price. With special thanks to our contributors: Mahir Rasheed, William Pattison, CRE®, Chris Brown, Todd Campbell, Hannah Snow, CFA, George Fikaris, Justin Hook, CFA, Alfred Chang, Greg Cobb, Matt Pitzer, CFA, MBA, Brian Manczak, CFA, George Cook, Nancy Mueller Handal, CFA, Larry Holzenthaler, Jr., Robert Cataldo, CFA, Nizida Arriaga, CFA. #insuranceinvestor #insuranceassetmanagement #insurers #insurancerisk #insurancestrategy #portfoliomanagement #insuranceinvestment #portfoliomanagers

Insurance asset management. What are the trends over the last decade? How has the industry grown? What asset classes are seeing the most activity? What insurer investment specific services do these managers provide? And more! In this executive report, we look at 10 years of history from the Insurance Investment Outsourcing Report (IIOR). The IIOR is a widely recognized and leveraged compendium of insurance-focused asset managers. Download the trends report from DCS Financial and published by Clearwater Analytics here: https://lnkd.in/e5j3wwvJ Let us know what trends you think will shape this industry going forward.

It was a great pleasure joining an engaging panel at #IAISGlobalSeminar2024 on how insurers are adapting to a changing interest rate environment and its impact on insurer’s asset allocation. In this context, a good risk management is of particular importance. Supervisors are assessing how insurers are managing liquidity risks and the specific risks and challenges associated with investments in private markets.

📌 Key takeaways from today’s #IAISGlobalSeminar2024 panel discussion on how insurers are adapting to a changing #InterestRate environment, growing private capital markets, and risk consolidation through asset-intensive reinsurance: 💡 Higher rates generally improve the pricing of long-term savings products. However, panellists emphasised the need to manage risks like unrealised loss positions in solvency and accounting balance sheets. 📈 Higher spreads from alternative assets may enhance returns but require stronger #RiskManagement. A search for yield has led to increased allocations to #AlternativeAssets. Panellists emphasised the importance of effective asset-liability management (#ALM). Strong #Capital and #LiquidityRisk management, along with robust enterprise risk management (#ERM) are crucial. #StressTesting is necessary to assess asset performance and liquidity needs throughout the credit cycle. The complexity of certain alternative assets underscores the need for asset #Diversification and in-house investment expertise, especially in #Securitisations. 🚀 New entrants employ more aggressive risk strategies. The discussion noted higher risk-taking behaviours of #PrivateEquity-owned insurers, evident in greater allocation to alternative assets and increased use of #Leverage. In cross-border asset-intensive #Reinsurance transactions, risks are transferred but remain in the system, requiring careful monitoring, especially with lower-rated or unrated reinsurers. Close oversight is needed of the quality and liquidity of assets backing ceded premiums and potential accumulation risks in reinsurers' balance sheets. 📊 The IAIS continues to cover these critical supervisory areas in the life insurance sector. The Global Insurance Market Report (GIMAR) reports from 2021 through 2023 have highlighted supervisory areas of attention related to structural shifts in the life insurance sector. Looking ahead, the IAIS plans to continue these efforts with the 2024 GIMAR and a dedicated Issues Paper scheduled for 2025. Speakers: 🔷 Stefan Holzberger – Chief Rating Officer, A.M. Best 🔷 Keisuke Kawasaki – Chief Investment Officer, Nippon Life Insurance 🔷 Tim Schmidt – Senior Vice President and Chief Investment Officer, Prudential Financial 🔷 Julia Wiens – Chief Executive Director for Insurance and Pension Funds Supervision, German Federal Financial Supervisory Authority   Moderator: Charlotte Gerken, Vice Chair of the IAIS Executive Committee (United Kingdom).   🎥 Watch the video replay: https://lnkd.in/eR2San8E 👉 Learn more about IAIS work on financial stability: https://lnkd.in/eCnVBYPk 📓 Read our #GIMAR mid-year update: https://lnkd.in/eyVQBsV5   #IAIS2024 #IAISNews #IAISEvents #InsuranceIndustry #Insurance #InsuranceSector #FinancialStability

The global Liquidity Asset Liability Management Solutions market was valued at US$ 915.6 million in 2023 and is anticipated to reach US$ 1104.6 million by 2030 witnessing a CAGR of 2.3% during the forecast period 20242030. #GlobalLiquidity #AssetLiabilityManagement #FinancialSolutions #MarketGrowth #RiskManagement #InvestmentManagement #FinancialPlanning #CashManagement #WealthAdvisors #SpecialtyFinance

In this H1 2024 Asset Management Market Update, we provide insights on the current state of the insurance market for asset managers and the funds they manage. We also offer our thoughts on what to expect throughout 2024. Read it now: https://ow.ly/hkUU50RtnqW #Insurance #AssetManagers #InsuranceMarketUpdate

The first two asset-backed securities (ABS), with a total issuance amount of more than CNY2bn ($277 m) and managed by insurance asset management companies, have made their debut on the Shanghai Stock Exchange. China Life Asset Management Company and Taikang Asset Management take the lead in this new operation. On 13 October 2023, five insurance asset management companies, China Life Asset Management, Taikang Asset Management, CPIC Asset Management, PICC Asset Management, and Ping An Asset Management, became the first batch of insurance asset managers approved by the Shanghai Stock Exchange and Shenzhen Stock Exchange to pilot ABS and REIT (real estate investment trust funds) businesses. Prior to this, the asset managers of China's onshore ABS were securities companies or their asset management subsidiaries, with insurance asset managers participating only in an investor role. A total of CNY1,848 billion ($ 260 billion) of ABS were launched in 2023, down 7% year-on-year. The scale of China's existing ABS at the end of 2023 amounted to CNY 4.35 trillion ($0.61 trillion), down 17% year-on-year. The participation of insurer-owned asset management companies in ABS business opens up financing channels and widens the investment scope for insurance funds.#China #ABS #insurancecompanies #assetmanagement

🏦 Unlock the Potential of Asset Management Consulting with Lux Actuaries! Ready to optimize your balance sheet? Discover our comprehensive Asset Management and ALM services tailored to maximize performance while minimizing risk. Explore how we can optimize your assets: https://lnkd.in/dZbDbSyD 💼💡📈 #AssetManagement #Consulting #Compliance #ALM #LDI #BalanceSheet #LuxActuaries