Report

U.S. Insurance General Accounts 2021

Adopting New Strategies for Global Challenges

Building Out Insurance Focused Business

  • Highlight the growth of the overall insurance general account market
  • Examine outsourcing behavior among insurance providers
  • Explore several major themes in servicing insurance general account mandates such as: relatively high service requirements, allocation trends due to low interest rates, and other trends evolving from the COVID-19 pandemic

$19,500

Discounts available for bulk purchase

Report Euro Insurance Industry 2020 Detail

Buy Now

Mason Gillespie

Mason Gillespie

Senior Account Manager

Summary

Insurance general account assets represent one of the largest institutional investment channels and the addressability of those assets is growing as more insurers choose to outsource a portion of their portfolio. In response, firms across the investment universe from investment consultants, asset managers, and private equity managers are looking to build out insurance focused businesses.

Included with Purchase

Methodology

Methodology

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. 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.

Data

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

Digital Access

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

A Note from the Author

Insurers Navigate the Low-Interest-Rate Environment

Christopher Swansey

Christopher Swansey

Senior Analyst

Bio →

Christopher Swansey

Christopher Swansey

Senior Analyst

Christopher is a senior analyst on the Institutional team where he supports multiple reports annually, including the annual outsourced chief investment officer (OCIO) report, and various strategic consulting projects throughout the year. He also regularly contributes to The Cerulli Edge—Institutional Edition, The Cerulli Edge—U.S. Edition, and The Cerulli Edge—U.S. Monthly Product Trends.

Christopher was a Senior Analyst at Mercer working within their executive compensation practice before joining Cerulli in 2018.

Full biography here.

For the second consecutive year, insurance general accounts experienced robust asset growth (7.5%) and total investment returns for all three major insurer types. However, insurers are focused on the future and their ability to continue meeting their investment return targets. Historically low interest rates have created a challenging market environment for insurers to meet their return targets, pushing insurers to consider investment strategies outside of public investment-grade fixed income.

  • A majority (56%) of insurers have increased their exposure to alternative fixed-income investments such as private credit.
  • Large life insurers intend to increase their allocations to infrastructure (83%) and real estate debt (67%), which are common strategies for hedging against inflation.
  • Health insurers increased their cash holdings to 18.5% to manage the strain on liabilities caused.

In order to obtain yield, insurers will need to invest in complex investment strategies that may go beyond their internal expertise. This may cause an increase in outsourcing from insurers. Learn more about the state of insurance general accounts, climate change risk, outsourcing opportunities, and more with our latest report, U.S. Insurance General Accounts 2021: Adopting New Strategies for Global Challenges.

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
  • Cerulli Lodestar
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.