Institutional insurance investors are rethinking their strategies after a far from normal year for the markets. Clearwater Analytics’ 2023 insurer cash and short-term investment management outlook study found some insurers are stockpiling cash in “high-quality short-term” investments—no longer a drag on their portfolios—while waiting for markets to settle.
Clearwater, an investment accounting software firm, conducted the survey in September, polling more than 120 insurers that manage a combined $2 trillion in assets.
“Today’s economic uncertainty and complexities are leading insurers to rethink their investment strategy,” said Scott Erickson, chief revenue officer at Clearwater Analytics, in a press release. “The study marks an increased focus on short-term assets, driven by higher rates and an inverted yield curve.”…
