Low interest rates are posing big challenges for the insurance industry, taking into account the impacts of Solvency II on the asset side of the balance sheet.
A new trend is emerging, as European insurers are increasingly opening to asset managers, both looking for sources of yields in ‘non core’/illiquid asset classes, not easily accessible by every player, and selecting asset managers as ‘partners’ on the whole portfolio (general account), able to speak the same language and provide the level of reporting needed.
Prometeia has launched a new survey dedicated to asset managers active in the European insurance sector, to shed light on how the industry is changing to capture this trend. The results include views expressed by 60 contributors, who manage in aggregate more than 22 trillion euro AuM worldwide and have operational structures in Europe.
The asset management industry is responding to this changing environment, investing in competences and tools to adapt the investment approach, to innovate products and to raise the quality of services: there is still a long way to go.
 Consolidating AuM of survey respondents with European insurance clients