Mike Siegel
Showing 1–5 of 5 transcripts.
- Goldman Sachs19 min
How insurers are navigating volatile markets
Mike Siegel, Matt Armas, Alison Nathan
The 14th annual Goldman Sachs Insurance Survey of 400 companies managing $13 trillion in assets reveals a strategic "Great Pivot" by life insurers shifting from public to private markets to capture liquidity premiums and mitigate volatility. This reallocation, alongside a surge in defensive investments in AI infrastructure, aims to enhance operational efficiency and diversify long-duration liabilities while navigating a complex environment of rising bond rates and equity swings. Collectively, these shifts support a booming industry outlook where improved returns and fixed-rate product demand drive lower policy costs and stronger capital deployment across both life and property-casualty sectors.
- Goldman Sachs20 min
Global insurers turn to private credit — and AI
Mike Siegel, Matt Armas, Alison Nathan
The Goldman Sachs Insurance Survey, recorded on April 4, 2024, reveals that global insurers are reallocating $26 trillion in assets toward private credit and high-yield fixed income to counteract recession risks and declining interest rates. While the industry accelerates AI adoption to improve underwriting accuracy and drive consolidation, it simultaneously reduces commercial real estate exposure and pivots ESG strategies toward climate transition financing. These shifts reflect a strategic effort to balance portfolio resiliency against economic downturns with the operational efficiencies promised by new technology.
- Goldman Sachs21 min
What’s on the minds of the world’s largest investors?
Mike Siegel, Matt Armas, Allison Nathan
At the Goldman Sachs 12th Annual Insurer Survey, speakers Mike Siegel and Matt Armas analyzed the financial strategies of 343 global insurers managing over $13 trillion in assets. Respondents are navigating economic volatility by shifting allocations toward higher-quality long-dated fixed income while leveraging the sector's structural stability to fill lending gaps left by retreating banks. This strategic pivot aims to capitalize on rising interest rates for improved solvency and higher consumer returns despite lingering concerns over inflation and potential recessions.
- Goldman Sachs18 min
Facing Rising Rates, Insurers Turn to Private Assets, Real Estate — Even Crypto
Representing over $26 trillion in global assets, the insurance sector leverages its stable, long-duration capital structure to navigate rising inflation and recession fears while shifting allocations toward private markets and inflation hedges. The 11th edition of the 2022 industry survey, reflecting responses from entities managing half of the global market, highlights emerging crypto adoption, divergent regional ESG strategies, and a focus on solvency amid geopolitical instability. These strategic adjustments aim to capitalize on higher reinvestment yields and lower entry points, ultimately seeking to enhance savings product returns and stabilize future premium rates.
- Goldman Sachs10 min
Why Global Insurers Are Leaning Into Risk
Goldman Sachs' 10th annual insurance report surveyed 286 respondents representing over $14 trillion in assets to reveal a global "risk-on" strategy where insurers are shifting allocations toward private equity, private credit, and floating-rate assets to capture illiquidity premiums. While inflation concerns have replaced deflation fears and credit cycle optimism places the market in the middle stage, participants project recessions more than three years away and are increasingly integrating ESG factors into underwriting and investment processes. This widespread appetite for higher yields and impact investing is most pronounced in Asia, where rapid growth contrasts with slower European expansion, fundamentally reshaping capital deployment across life, property casualty, healthcare, and reinsurance sectors.