Late last week, Strategic Asset Alliance, an investment consulting firm that exclusively works with the insurance industry, announced the launch of an online database of the performance, people, process and philosophy of fixed income managers with insurance knowledge.
The database, Manager Select, will be used by SAA when conducting manager searches for its clients. In addition, access to the online database will also made available to all other insurance companies via subscription.
Insurers planning to conduct a fixed income manager search can utilize Manager Select to curate a list of qualified candidates based on their desired criteria, such as fee schedule, performance, or investment process.
There’s a benchmarking use possible too for insurers that currently have a manager. These insurers can utilize Manager Select to run comprehensive evaluations against competing firms, SAA said in a statement.
Noting that most insurance investment manager searches are completed without an investment consultant, Alton Cogert, SAA President and CEO, said the searches can consume time and drain resources. “Manager Select is perfect for insurers who want to save valuable time when conducting a search, since it materially streamlines the process,” he said in a statement.
Data within Manager Select covers a wide range of areas, including: organizational background, investment team, investment process and performance.
Currently, data from 48 asset management firms in included, for a total of 3,869 unaffiliated insurance fixed income accounts and $1.2 trillion in unaffiliated insurance fixed income assets.
More information about Manager Select is available at InsurerCIO.com.
Strategic Asset Alliance is the oldest investment consulting firm that exclusively serves the insurance industry. All SAA consultants are former senior investment executives at insurers, combining their knowledge of investments with an understanding of the insurance business.
SAA currently works with 21 “Partner” Clients with assets under advisement of roughly $8.6 billion, spanning the commercial property/casualty, life and health carrier segments, as well as governmental risk pooling organizations.