Insurance Asset Management

Insurance is our heritage

 

Aegon Asset Management’s heritage is firmly embedded in working with insurance companies and dates back to 1831 with the formation of Scottish Equitable Life Assurance Society in the UK. As such, we have a long and demonstrable experience of tailoring investment solutions to meet the complex needs of insurance companies.

 

We combine our deep understanding of the technical and regulatory issues governing the management of insurance assets, with our experience across a broad range of asset classes, to customize investment solutions that target each client’s return on capital and desired risk-reward objectives.

Key facts

as at 30 June 2020


USD 182 bn*

 

 

Assets under management across various insurance clients and accounts

Extensive

 

 

range of investment opportunities for insurers

Deep

 

 

understanding of global insurance regulations and requirements

Dedicated

 

 

insurance-servicing capability

Our services for insurers

Capital efficient balance sheet solutions

ALM and strategic asset allocation

Deep understanding of global insurance regulations

Liquidity management
Cashflow and liability driven investing Full data reporting to clients
Risk managed portfolios Matching adjustment
Dedicated insurance-servicing Delegated CIO

 

Investment Solutions Design

We have developed a range of services aimed specifically for insurance clients, which we deliver through our insurance investment solutions team and specialist asset-class teams. Our insurance heritage and experience both within and servicing, the Aegon Group means we understand the investment and servicing needs of insurance clients.

A key component of an insurer’s investment strategy is to construct a portfolio of assets that closely track the changes in the value of their liabilities. Experienced professionals from our specialist Insurance Investment Solutions team work with our clients to assess their liability profiles, and in turn develop solutions that adhere to risk and optimize capital budgets.

insurance-team-solution.jpg

 

 

 

Research & thought leadership

20.03.2020 | 7 min read | Gerard Moerman
19.05.2020 | 10 min read | Gerard Moerman | Russell Baird
30.03.2020 | 6 min read | David van Bragt

Chart disclaimer

Sources: Bloomberg, Aegon Asset Management, La Banque Postale Asset Management. July, 2020. The bullets in the chart are for illustrative purposes and do not represent exact calculations. Also, the graph does not take the capital charge for interest rate risk into account. Gov. Guaranteed Loans have a similar rating as core Eurozone bonds. Infrastructure Loans are represented by the target portfolio (target return of 200 bps over Euribor -equivalent to BBB loans-, estimated weighted average life of 10-12 years). Emerging market debt (EMD) invests in fixed income securities in US Dollars issued by entities in emerging markets. Dutch mortgages represents a large mortgage pool with an internal rating of AA and a focus on long fixed-term mortgages (the duration is about 8.5 years). SME loans are Dutch subordinated loans with EIF guarantee (50-80%), internal BB rating and duration around 5 years. US CMLs are loans in the USA with duration ~8 years and internal rating of BB on average. The following strategies are represented by Bloomberg Barclays (BB) indices as indicated: EUR-Govt: BB Euro-Agg treasury TR index unhedged, EUR IG credit: BB Euro Aggregate Corporate Total Return Index Value Unhedged, EUR IG short-dated credit: BB Euro corporate 1-5 TR index unhedged, Global HY credit: BB GHY total return index value unhedged , and Global short-dated HY credit: BB GHY 1-5 corporate total return index value unhedged. Strategies are hedged to indicated currency throughout the duration of the investment (except for HY & EM which are hedged on a month-on-month basis).