Goldman Sachs – Global Insurance Survey, 2024

The 13th annual Goldman Sachs Asset Management Global Insurance Survey provides insights into the global insurance industry, which is facing challenges and opportunities in an evolving macroeconomic and geopolitical environment. In 2023, uncertainty in global markets due to factors such as declining bank lending and escalating geopolitical tensions was followed by a moderation of the tightening cycle as the US Federal Reserve paused interest rate hikes. This led to a rally in fixed income and equity markets, setting the stage for renewed risks and opportunities for insurers. The survey, based on responses from 359 CIOs and CFOs representing over $13 trillion in assets, highlights concerns over credit quality, a desire for high-quality yield, and a growing interest in impact-oriented investments with Environmental, Social, and Governance considerations. This year's theme, "Risk and Resilience," reflects the industry's ability to adapt and thrive in a challenging environment by embracing new approaches such as investing in alternatives and utilizing Artificial Intelligence for risk assessment. Despite uncertainty, insurers are at the forefront of seizing new opportunities.