Dedicated support for insurance investors
Partnering with our Global Insurance Solutions business provides access to our specialist team of insurance investors, strategists, client advisers and client service professionals, giving you the ability to customise investment strategies while benefiting from expert support on the issues most relevant to you.
70+
Dedicated insurance professionals
$296bn
Insurance assets under management
61%
AUM growth since 2017 YE from existing clients
Specialist insurance expertise
We offer 360-degree servicing for insurance investors by working in partnership across four key areas: portfolio management; strategy and analytics; client advisory and account management; and accounting and reporting.
Portfolio
management
From insurance-specialized, multi-sector fixed income solutions to a broad suite of alternatives and public equity offerings, we are able to design and implement customized balance sheet strategies across all major global asset classes.
Strategy
and analytics
Gain perspective from insurance-specific strategic asset allocation recommendations and in-depth peer analyses, as well as asset liability and multi-entity capital optimisation analysis.
Client advisory and
account management
Benefit from a fully integrated client service approach. We have a dedicated team of over 70 professionals who work closely with insurers as strategic partners.
Accounting and
reporting
Capitalise on comprehensive insurance accounting and regulatory reporting capabilities, including publications on important regulatory developments, and investment reporting that is compliant with insurance accounting.
Portfolio Management
Across JPMAM’s $2.3tn global investments platform, we engage most regularly with insurers across the following primary areas where we offer unique strengths:
- 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
- We have a broad suite of yield-focused, low volatility, open-end offerings across infrastructure, transportation leasing, and real estate debt and equity funds
- With yield return targets in the 6-9% range, these diversifying offerings have resonated with insurance investors globally and in many cases these strategies enjoy regulatory capital benefits in various regimes around the world
- 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)
- 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
Strategy and analytics
Multi-disciplined team located across the US, UK, Europe and Asia
- 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
- 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
- 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
- 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
- Timely updates on industry trends and developments
- Huge number of client meetings ensures we have relevant insights and industry colour
Source: J.P Morgan Asset Management as of September 2022
Client Advisory and Account Management
Client advisor
- We manage the overall client relationship, helping navigate resource 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
Accounting and Reporting
Our comprehensive approach to accounting and reporting provides solutions to common challenges, allowing insurers to aggregate data, receive timely and reliable information and easily see the accounting impact of their investments, while providing access to a scalable that avoids spreadsheet dependency.
- 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
- 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
- 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
Generally Accepted Accounting Principles (“GAAP”); Statutory Accounting Principles (“STAT”), International Financial Reporting Standards (“IFRS”)
Contact the insurance client advisory team
Joa Roux
North America
joa.roux@jpmorgan.com
Mark Oldcorn
EMEA
mark.oldcorn@jpmorgan.com
Rick Wei
Asia ex-Japan
rick.x.wei@jpmorgan.com
For strategy and analytics inquiries email: Strategy and Analytics at J.P. Morgan
09yj220908101606