Prior to the climactic year of 2008, insurance investment outsourcing had already been growing in a healthy fashion, but the financial crisis and ensuing developments have prompted greater sharing of investment responsibilities by insurance companies with third-party managers.
Global insurance general account (GA) assets under management (AUM) at the top 10 firms have increased by 65 percent in the past seven years to surpass the $1 trillion mark—and there is no sign of a slowdown.