Fixed Income

• 25 insurance-dedicated Portfolio Managers and Investment Specialists managing bespoke SMA mandates across all major core and plus sectors, and currencies
• Of the $654bn managed by our Fixed Income team globally, ~20% is managed on behalf of insurance clients, who are a key pillar to our overall platform
• Within plus sectors, our Emerging Markets Debt team is the largest provider to insurers globally with a >$55bn global platform across various formats and our $40bn High Yield team has delivered strong performance across corporates, bank loans, CLOs

Other Alternatives

• We offer a broad suite of private equity and private credit (both third party and in-house GPs), special situations, and timber strategies
• Within private equity, we offer a comprehensive suite of solutions across directs, co-investments, and secondaries, and across investment stages (i.e. venture, growth, and buyout)

Public Equities, Multi-Asset and REITs

• With $649bn in equities under management, our broad range of strategies has delivered strong performance across regions, styles, market caps, and alpha targets
• Our $245bn Multi-Asset platform offers both standard and bespoke solutions to insurers across a range of exposures, while accommodating insurance constraints
• Our $77bn Beta Strategies team offers a suite of enhanced passive (e.g. factors, dividend-focused, volatility controlled, etc.), pure passive, and customized offerings
• Within REITs, we are a multi-tranche manager offering bespoke solutions across equity, debt, and preferreds

Tax, Accounting, Regulations and Capital (TARC)

• Deep knowledge of relevant TARC considerations in all major insurance markets
• Ability to model regulatory and rating agency capital and accounting volatility for varying asset allocations
• Estimate impact of changes to TARC and provide guidance to insurers on how to respond to TARC changes
• Advice on appropriate investment structure to achieve TARC goals

Asset Allocation and ALM

• Understanding of insurance liability variability and market sensitivity
• Asset allocation analysis that accounts for all major factors that constrain insurers
• Assumptions and methods for SAA, TAA as well as CUSIP level repositioning

Peer/Industry Analysis and M&A Support

• Historical and forward looking stress testing and impact on insurance specific metrics
• Integration of asset and liability risks
• Stress test impact to economic, accounting and capital metrics

Stress Testing and Risk Management

• Industry leading analysis of US Statutory data leverages J.P. Morgan data on public and private assets
• Scalable analysis of GAAP/IFRS financials
• Assess portfolios related to companies targeted for acquisition or reinsurance deals

Thought Leadership

Source: J.P Morgan Asset Management as of September 2022

• Timely updates on industry trends and developments
• Huge number of client meetings ensures we have relevant insights and industry colour

Client advisor

• We manage the overall client relationship, helping navigate resources available at J.P. Morgan and providing industry perspective, and consultative advice.

• We understand the insurance business, including your unique investment objectives and constraints

• We collectively meet with more than 450 insurers around the world every year which gives us unique insights into trends and ideas in the insurance industry

• We keep clients abreast of new or compelling product offerings and industry developments

Client account management

• We are the main service contact for administrative, operational and legal items

• We manage complex solutions for the life cycle of the client and partner with your JPMAM coverage team to provide best-in-class client service

• We specialize in insurance companies and are familiar with the complex accounting, investment guideline constraints, and record keeping needs of insurers

• We have experience in all of the world’s major insurance jurisdictions

Regulatory Insights

• Track new developments in global insurance regulations and accounting standards through research and direct communication with regulators

• Regularly produce publications detailing important accounting and regulatory matters that affects our clients’ investment strategies and financial reporting requirements

• Attend and participate in industry conferences to stay informed on the latest issues and topics affecting our clients

Outsourced Accounting Solutions

• Support for multi-basis accounting needs – IFRS, local/national GAAP (e.g. UK GAAP, U.S. GAAP, German GAAP, etc.), U.S. Statutory

• Regulatory reporting for quarterly and annual statement investment disclosures globally

• Custody and general ledger feeds, reconciliations and audit support

• Additional support:

  • Impairment, OTTI, ECL analysis, SPPI testing

  • Cash flow modeling, Shock analysis

  • Credit rating agency assessments

Portfolio Reporting

• Real-time, 24/7 access to investment accounts on our web-based accounting platform, powered by Clearwater Analytics

• Detailed, customizable reports – holdings, transactions and income reports – complete with lot-level accounting data and investment analytics

• Ability to aggregate investment data to support performance, risk and management reporting for internal and external stakeholders