Insurers’ attitude to private equity in three charts

Global firms want to increase their allocations to private equity more than any other asset class.

Insurance firms picked private equity as the asset class they most want to increase allocations to in a survey by Goldman Sachs Asset Management.

The investment bank surveyed CIOs and CFOs from 300 insurers globally and found 32 percent plan to increase their allocations to private equity over the next 12 months, according to its Foggier as We Climb GSAM Insurance Survey.

“Insurers still expect growth-related asset classes (private equity, emerging markets equity, US equities) to provide the highest returns,” the report noted.

The insurers surveyed represent more than $10 trillion in global balance sheet assets.