PI Insurance Faces Rising Risks in Asset Management Boom
Source: pionline.com
- Insurance companies are pouring money into asset management, growing their investments to over $6 trillion worldwide.
- New rules demand better protection against losses from private markets and cyber threats.
- Firms like Athene and Corebridge lead the charge, but professional indemnity insurance costs are soaring.
Insurance giants are expanding into asset management at a rapid clip, managing trillions in assets while facing bigger risks from illiquid investments and tech vulnerabilities. This special report dives into how they're adapting with specialized insurance coverage. It matters because these shifts could reshape how big money is protected in a volatile market.