The Capital Charge Playbook for Insurance Asset Managers

For most insurers, the investment portfolio can represent as much as 95% of total admitted assets . That makes the portfolio the engine of solvency and profitability, and it makes every allocation decision a capital decision as much as a return decision. The asset managers who win insurance mandates are the ones who treat the NAIC risk-based capital (RBC) framework as a tool, not just a rulebook.