"Too Much Capital, Too Little Return": The State of Insurance

Published on03 AUG 2015

The companies that make up the global insurance industry possess over $25 trillion in assets, and earning returns on this asset base is critical to meeting claims and keeping the cost of premiums down for customers. Mike Siegel, global head of Insurance Asset Management within Goldman Sachs Asset Management (GSAM), discusses the state of the global insurance industry and concerns industry leaders have about finding adequate returns in the current low-yield environment.

When there [are] inadequate returns in the financial markets, the [insurance] business model gets stressed, and that’s where we are today.

- Mike Siegel

Mike Siegel
Global Head, Insurance Asset Management, Goldman Sachs Asset Management, Goldman Sachs