(China Alert) Insurers: A fishing guide for 2016
- Insurers, offshore
-Domestic insurers saw strong asset growth in the past year
-Insurer capital is actively leaving the sanctuary of bank deposits
-Offshore investment strategies are still unclear for most insurers
Update:The last 18 months have seen Chinese insurers make a pronounced mark in global markets – had you heard of Anbang prior? This shift overseas has coincided with strong growth across the industry, as some firms quickly rose in the rankings. These developments in tandem imply a necessary change of tack in approaching insurers for mandates. As investment requirements converge with global standards, so will allocations. This opens the door for many more managers capable of fulfilling the insurers’ needs. Knowing how to get to the front of the queue is key.
Overall, growth has been good, with assets now at just over USD2tr. The industry showed that its 2015 performance was not a one-time event, where premiums and …
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