62% of US insurers have said that they are willing to take more investment risk in 2024, even with concerns rising in regards to election year politics, fiscal/monetary policy, persistent inflation and volatility, according to a recent survey sponsored by insurance asset management firm Conning.
According to the survey, risk expectations generally rose with the insurer’s asset base, although firms with $5 billion to $10 billion in assets were most in agreement with the sentiment.
At the same time, firms outsourcing asset management had lower expectations for rising risk in their portfolios, compared to firms that manage assets internally (57% versus 68%).
Conning noted, that while there was not a strong relationship between insurer size and outsourcing activity, insurers who choose to outsource report lower levels of concerns about inflation, domestic political environment,…
