Insurance chief investment officers are more optimistic about investment opportunities than last year, and are looking to enhance returns by increasing allocations to equities, alternatives and illiquid assets, a new report says.
The Goldman Sachs Asset Management (GSAM) 2013 CIO Survey finds that insurers continue to view the investment environment as challenging, but 31 percent of insurers globally believe investment opportunities are improving, compared to just 14 percent in 2012.
The survey also finds that more than 40 percent of CIOs intend to increase overall portfolio risk, while less than 10 percent intend to decrease risk.
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