Managers surveyed look for mostly core types of mandates from Asian life insurers, rating core mandates 2.9 out of four in importance.
Managers surveyed look for mostly core types of mandates from Asian life insurers, rating core mandates 2.9 out of four in importance. They are also after core-plus and single-asset mandates, giving each a rating of 2.7.
"Asset managers in Asia generally have a positive outlook for the insurance business in the region. Many have been in talks with insurers, including those with asset management arms, in key markets in the region--particularly China, Korea, and Taiwan," says Yoon Ng, Cerulli's Singapore-based Asia research director.
Although clearly aware of the dominance of affiliated managers in several insurance markets in the region, many independent managers are not fazed by this. Some of them recognize that certain affiliate managers are struggling in their management of general account assets--and they see opportunity in this.
"But as more managers join this space and try to get more business from an industry believed to have stickier assets, competition with other third-party managers has intensified," says Manuelita Contreras, a senior analyst with Cerulli who led the report. "Managers we surveyed have noted increased competition among third-party managers for both general accounts and investment-linked product assets," she says.
Released in October 2014, Asian Insurance Industry: Rethinking Investment Strategies surveyed both asset managers and life insurers in Asia.
Asset managers in Asia expect strong demand for high-yield fixed-income mandates from Asian life insurers in the 2014-2015 period. Managers also anticipate demand for alternative investment mandates, and to a lesser extent equity income, traditional equity, and tailored mandates, according to a survey by Cerulli Associates for the report Asian Insurance Industry: Rethinking Investment Strategies.
Managers surveyed look for mostly core types of mandates from Asian life insurers, rating core mandates 2.9 out of four in importance. They are also after core-plus and single-asset mandates, giving each a rating of 2.7.
"Asset managers in Asia generally have a positive outlook for the insurance business in the region. Many have been in talks with insurers, including those with asset management arms, in key markets in the region--particularly China, Korea, and Taiwan," says Yoon Ng, Cerulli's Singapore-based Asia research director.
Although clearly aware of the dominance of affiliated managers in several insurance markets in the region, many independent managers are not fazed by this. Some of them recognize that certain affiliate managers are struggling in their management of general account assets--and they see opportunity in this.
"But as more managers join this space and try to get more business from an industry believed to have stickier assets, competition with other third-party managers has intensified," says Manuelita Contreras, a senior analyst with Cerulli who led the report. "Managers we surveyed have noted increased competition among third-party managers for both general accounts and investment-linked product assets," she says.
Released in October 2014, Asian Insurance Industry: Rethinking Investment Strategies surveyed both asset managers and life insurers in Asia.
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