Strategic asset allocation

Strategic asset allocation sets the long-term mix of assets an insurer expects to hold against its liabilities and capital constraints. The allocation is informed by expected cash flows and returns, but also by credit quality, liquidity, concentration, currency, tax, accounting and the solvency treatment of each asset. A portfolio can look attractive on a standalone return measure and still be unsuitable for the liability it is intended to back.

This section covers changes in insurer portfolios, manager appointments and the research shaping long-term allocation decisions. It includes public markets, private assets and the governance behind allocation changes. Related sections on ALM, private credit and matching adjustment show the liability, capital and regulatory context that often determines how an allocation can be implemented. The directory links make it easier to identify the investment managers, consultants and technology providers named in the coverage. Articles distinguish a stated allocation decision from the market conditions surrounding it.