European Insurance Industry 2022

In Search of Better Returns

Evaluate and Act on Opportunities to Service European Insurers

  • Explore in-depth coverage of fee levels for insurance mandates and fee pressure across the major insurance markets in Europe
  • Examine insurers’ approaches to biodiversity and their demand for ESG mandates, including increasing reporting and servicing needs
  • Access data on European insurers’ preferred asset managers and guidance on how managers can differentiate their value propositions to meet insurers’ needs


Discounts available for bulk purchase

Report Euro Insurance Industry 2020 Detail

Buy Now

Ryan Hanratty

Ryan Hanratty

Account Manager


From asset managers to broad coverage of insurers, this report provides a comprehensive overview of Europe’s insurance asset management landscape. It details the products and services that will become necessary to do investment business with Europe’s insurers and the future of asset management outsourcing.

Included with Purchase



Each report is lead authored by a senior Cerulli analyst with significant industry experience. The report incorporates qualitative and quantitative inputs, based on Cerulli’s proprietary research process. Each report is designed to be an expert-level sourcebook for strategic guidance. For more on our research process, click here.

Executive summary

Executive Summary

Get the most important report findings distilled in an easy-to-understand and highly visual format before you begin your journey through the report or use it as a tool for senior leadership.

Interactive report dashboard

Interactive Report Dashboard

Access consolidated data from multiple report exhibits in a single comparative view. Flexibly build your view of data with customizable filters and share the results in a format that meets your requirements.

Analyst support

Analyst Support

Got a question? Our analysts are available to help you interpret and analyze key findings as well as provide their perspective on industry trends. Let our experts guide you and your team through the material that matters most with their deep knowledge and perspective of the subjects they cover.


Data Behind the Report

Data is the foundation of our reports. Each study contains nearly 100 exhibits, available to buyers in Excel format. Extract and explore Cerulli’s data and analysis your way.


Digital Access

Access your reports digitally anytime, anywhere, on any device through our client portal.

A Note from the Author

End of an Era for Low Yields and the Risk of Persistent High Inflation

Ross Langbridge

Ross Langbridge

Research Analyst

Bio →

Ross Langbridge

Ross Langbridge

Research Analyst

Ross is a Research Analyst on the European Institutional Asset Management research team providing quantitative and qualitative research for Cerulli’s European research products.

Prior to joining Cerulli, Ross worked at Platforum, where he served as an Analyst covering multiple sectors of the U.K retail and platform investment markets. He also previously worked as an Research Analyst at Informa Financial Intelligence in their digital banking research practices.

Full biography here.

The potential end of the era of low yields and the risk of persistent high inflation mean insurers are re-examining their strategies for allocating to private investment programs. Managers believe rising rates may draw interest away from private debt and equity for as long as the rise in yields, a global trend, continues.

That being said, some insurers are still looking at private investments, given that interest rates are not guaranteed to continually increase as they might in the U.S., due to structural economic differences. Private markets may still be the right avenue to generate yield in the medium and long term.

Many managers are already talking to their insurance clients about the impact of increased fixed-income yields, which could affect the illiquidity premium on some private investments, as well as the likelihood of private investments outperforming inflation in the medium to long term. According to our research, 48% of insurers are looking to increase the number of asset managers they work with on their private asset investment across their general account business.

Learn what your firm can do to identify and assess opportunities in the European insurance investment industry with our report, European Insurance Industry 2022: In Search of Better Returns. Not only do we detail insurance asset addressability, but we also cover the competitive landscape and fees, outsourcing and partnerships, and the growing share of unit-linked insurance that constitutes insurers’ business.

Contact Us

Want more information?

Learn more about this report and related Cerulli research.

Contact Us

You May Also be Interested in:

  • Annual report
  • The Cerulli Edge
Consulting Page module Rocket 120820

Custom Research & Strategic Consulting

Cerulli for Consulting

Understand where to allocate resources to achieve your objectives. We can help you determine which initiatives are likely to be successful and those that may not achieve the desired effect. In an increasingly competitive market, our objectivity and experience can help you to advance your firm’s unique strengths.

Learn More

We use cookies to improve your site experience, distinguish you from other users and support the marketing of our services. These cookies may store your personal information. By continuing to use our website, you agree to the storing of cookies on your device. For more information, please visit our Privacy Notice.