Insurance Risk Data, the insurance research and data arm of Insurance Asset Risk, will host a webinar on 21st October to launch its latest annual research report into outsourcing by European insurers, providing key insights into the report's findings.
Click here to register for Insurance Risk Data's free webinar on outsourcing by Europe's CIOs, at 10am BST on 21 October.
Offering unique intelligence for insurance CIOs and asset managers, the Insurance Investment Outsourcing Opportunities Report – Europe & UK 2026 is a comprehensive 360-page research study which examines key themes and trends affecting Europe's re/insurers, their CIOS, and outsourcing partners. The report comes with an Excel chartbook containing accompanying data for all the report's 180 exhibits.
Some key themes covered in the report, with an entire chapter and proprietary exhibits dedicated to each, cover the seismic shift of general accounts to private-markets, directly-originated asset classes; the trend towards greater ownership of re/insurers by private equity and asset management houses; the asset allocations and investment risk-taking preferences of UK CIOs; and general account allocations and risk appetite in Europe's major markets, segmented by insurers' GA sizes.
The backbone of the report are comprehensive lists running to 135 pages, detailing the investment outsourcing through mandates and funds by 1,224 named insurers across Europe, including the UK and Swiss, and individual Lloyd's syndicates. Details provided include the names of asset managers they use, asset classes, risk parameters, and the and size and longevity of mandates. These listings also name specific funds the insurers use, names of individuals responsible for outsourcing at insurers, and more.
Narrative analysis examines how insurers' outsourcing relationships are changing, including through capital injections by outsourcing partners, co-investing, and how public-markets asset managers can 'counter' the threat from rivals focused on private market assets.
Another chapter, across 80 pages, hones in on 521 undertakings' investments in private markets and directly-originated assets – from private credit/debt, direct lending, infrastructure, securitisations, to PE and hedge funds. The list details the investments of each, giving unrivalled insight into the breadth and diversity, and insurer-specific tastes, for various asset classes. Narrative analysis examines the latest evolution in, and forecasts the trajectory of, CIOs' investing plans, which commonly now involve selling and replacing/supplementing 'core' classes in insurers' GAs. It reveals what AuM is needed for private credit managers to offer mandates, and the structures Europe's insurers want for the assets. There are enthusiastic allocators to private markets across all insurer types, GA sizes and 23 jurisdictions – increasingly posing a threat to public markets outsourcing partners.
A separate chapter unearths and names 113 European undertakings owned in part, or outright, by PE houses and/or traditional/alternative asset managers. The chapter also names the owners, and analyses how the cohort allocates its €230bn GA, examines its solvency, GWP growth, and market risk-appetite – to answer whether PE/AM owners have picked the 'right' insurers to back investments. The chapter also analyses regulatory attention on an ownership model affecting all types of Europe's insurers, and now present across 18 jurisdictions. This intelligence also allows the researchers to map out the 'ownership interest' by GA, by country, for BlackRock, CVC, Brookfield and Apollo.
Insurance Risk Data is now a key central depository of UK insurance data, and 29 pages of the report are dedicated to analysing UK CIOs' investment decisions, including through new sub-module level data on their investment risk taking. This chapter reveals which type of investment risk is really driving the UK industry's GA, for instance. To provide a unique benchmarking tool for asset managers and CIOs alike, the report segments the UK/Gibraltar industry into GA size bands, to reveal how each cohort allocates its risk capital, and assets.
A further chapter has names of individuals holding 580 different investment-related positions at European including UK undertakings and Lloyd's syndicates - from CIOs and CFOs to investment committee members and mandate heads, to act as an aid for managers seeking to make/extend contacts with investment decision-makers inside Europe's insurers.
Overall, the research report seeks to examine the latest trends in investment outsourcing; to reveal which managers are already working for Europe's CIOs, and which have won/lost mandates; to reveal which insurers are holding, or planning to make, private-market assets, the reasons why and what specifics they want in mandates; key business metrics of European insurers owned by PE/AM houses, and the implications of this ownership model for the industry and its regulators in future.
Click here to register for Insurance Risk Data's free webinar on outsourcing by Europe's CIOs, on 21 October 2024, 10am BST.
For further details about this unique research report and to reserve a copy contact phil.manley@fieldgibsonmedia.com.