Asian insurers plan to add duration, credit risk

Asia-based insurers are planning to add more duration risk and credit risk relative to their peers in other regions. Private equity and private credit are also in favour among the region’s insurers, according to the 2024 Global Insurance Survey by Goldman Sachs Asset Management (GSAM), titled “Risk & Resilience”. Stuart Wrigley GSAM “In our conversations with Asia-based insurers, credit risk is looking to play a larger role in making balance sheet allocations,” S…