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Issue Vol. 4 No. 9 February 23, 2017

Room Block Deadline Closing Feb. 26


Insurer Investment Forum XVII
March 30-31, 2017
Park Hyatt Aviara Resort
Carlsbad, CA

Reserve your room at the Park Hyatt Aviara before our special discounted rate expires on Feb. 26.

Click Here to Join us at the Forum!

Of the many informative sessions, find answers you need from the NAIC and A.M. Best in what promises to be one of the most interesting sessions. You will be able to anonymously ask Edward Toy, NAIC Capital Market Bureau, and Stefan Holzberger, A.M. Best, questions prior to the conference or participate during the live discussion.

View the Complete Agenda

In This Issue

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Recommended Readings
Latest Resources

Recommended Readings


P/C Outlook Negative, Except Personal Lines
via A.M. BestTV

"Chief Rating Officer Stefan Holzberger reviews highlights from A.M. Best's annual Review/Preview report for the U.S. property/casualty insurance industry."

View Video

Uncertain Times Squared: The Future of Investing for Insurers
By Alton Cogert - Strategic Asset Alliance

What new or different technologies, or ways of conducting our lives do we see impacting the economy and, with it, the financial markets over the next 7-10 years?

How might new technological changes directly and indirectly impact how insurers invest? How will this impact our careers, companies and daily life?

View Article

Life Insurers a Key Threat to Financial Stability
via Office of Financial Research

Excellent OFR report on financial stability includes impact of low rates, especially for life insurers, as a threat.

View Report

Life/Annuity 2017 Rating Outlook: Negative
via A.M. BestTV

"Thomas Rosendale, director, A.M. Best, reviews the issues driving the change in outlook for the life/annuity insurance sector. These include market, investment and regulatory issues affecting the sector."

View Video

Latest Resources


U.S. Insurers: Four Ideas for Managing an Uncertain 2017
PIMCO

"U.S. insurance firms have come through a challenging year of interest rate volatility and political surprises. We expect uncertainty will persist in 2017, with both left-tail (downside) and right-tail (upside) risks having increased. In our view, this macroeconomic backdrop means insurers should more closely align portfolio duration with liabilities, deepen credit research, embrace volatility as a friend and hold portfolio managers accountable for relative as well as absolute performance. "

View Report
Municipal Bonds in U.S. Insurer Portfolios, Year-End 2015
NAIC

Municipal bonds are an integral part of the U.S. insurance industry’s investments, and with historically low default rates, they can provide portfolio diversification through high-quality investments. U.S. insurer holdings of municipal bonds have increased annually at least since 2011, to a book/adjusted carrying value (BACV) of $556 billion at year-end 2015 from $467 billion at year-end 2011. This translates into a combined increase of $89 billion or an aggregate change of 19%.

View Report