Chinese online-only insurer Zhong An Insurance, which went public last month, reported profits for the past three years, which came from investments while underwriting operations made losses.
Zhong An is not alone among insurers which manage to turn in profits because of their investment activity. Insurers are increasingly looking to their investment portfolios as a larger component of profitability, according to a study commissioned by BlackRock released last month. The annual global survey of 300 senior insurance executives found that two-thirds of insurers agree that rethinking the investment portfolio will be vital to maintaining or improving the future profitability of their business.
Over two-fifths, or 41%, said they were under growing pressure to generate a greater contribution from investments to their overall profitability. Insurers are also turning away from traditional asset classes in order to generate returns.
These issues will be discussed at the 5th Asia Investment Management Summit for Insurance organised by Asia Insurance Review. To be held on 30 November - 1 December 2017 in Hong Kong, the conference has for its theme "Insuring an Auspicious Start to the Winning Side of 2018".
The keynote speaker is Dr Moses Cheng, Chairman of the newly established Insurance Authority. Industry keynote speakers are Mr Mark Saunders,Group Chief Strategy and Corporate Development Officer, AIA Group, and Mr Jonas von Oldenskioeld, Head Asset Management Asia Hub, Swiss Re.
Industry speakers who hail from around the world— including Singapore, Hong Kong, India, the UK and the UAE — will share their insights on a range of topical issues including equities and interest rates, asset allocation, alternative assets, GCC and green bonds and how the latest technology, in particular blockchain, will facilitate investment operations.
The conference offers insurance investment managers a head start in understanding the likely investment climate in 2018. For more details, please see http://www.asiainsurancereview.com/Events/Home/Asia/Invest2017