Asia Pacific insurance asset managers are increasingly turning to outside experts to look after their funds as acceptance of third-party managers grows, according to new research from Clearwater Analytics.
The firm’s study of insurance asset managers at firms with total assets under management of US$2.6 trillion found that, on average, 35 percent of their funds are managed externally. All of the firms surveyed delegate some funds to external managers, ranging from 24 percent to a maximum of 45 percent.
The executives working for the asset management arms of life, health and general insurers are predicting a major shift in those percentages during the next five years, moving more funds out to independent managers.
Some 67 percent expect moving towards having more assets managed outside of their organisations, while 22 percent predict more assets will be manag
