InsurerCIO Newsletter: A Complimentary Member Benefit
CECL May Materially Impact Your Portfolio
via Wellington
CECL is the FASB answer to: What is your bond portfolio really worth after expected losses? Public companies will likely set big reserves starting next year.

But, expect some interesting market value reactions in the bond and stock markets.

Q3 Insurer Investment Review
via SAA
Slowing economic growth is no longer a forecast, it is a fact. Growth in the second quarter slowed to 2.3% year-over-year after averaging 2.9% in 2018.

Ugly Returns Ahead: JP Morgan’s Long Term Capital Market Forecast
via J.P. Morgan
JPM is out with their long term capital market forecast. Expected returns ugly.

If this was a weather forecast, the Weather Channel would probably name a storm after it. Alas, the forecast does look reasonable…

I nsurer Investment Forum XX

March 18-19, 2020
Fairmont Grand Del Mar
San Diego, CA

U.S. Insurance Industry’s Exposure to Securities Lending and Repurchase Agreements Decreased in 2018
via NAIC

"Historically, securities lending has not been a significant investment strategy for U.S.insurers, with reinvested collateral at less than 1% of U.S. insurers’ total cash and invested assets."

Investment Consulting Services RFP: Template
via SAA

As a resource for your company, SAA has developed a complimentary ‘best practices’ Investment Consulting Services RFP template for your use.

Implied Credit Ratings May Be Different From Actual Credit Ratings
via J.P. Morgan

What is the implied rating of your corporate bonds, given their spreads to US Treasuries?

You might be interested to know, as spread implied ratings may where hidden risks lie versus other similarly rated corporates.

It’s the Technology, Stupid!
via Barings

Barings get the focus back on the biggest issue facing global economies today and tomorrow.

Investment Policy: What is Important?
The best practices specify the components that should be included in a policy and how the policies should be organized and written.

To help insurers and government risk pools better understand the components of a quality investment policy statement, we’ve provided an overview of Investment Policy “Best Practices.”
Disclaimer: The information contained herein has been obtained from sources believed to be reliable, but the accuracy of information cannot be guaranteed.