Goldman Sachs Asset Management survey report: Most insurance institutions plan to increase allocations to private equity assets.

On March 25, Goldman Sachs Asset Management released the 15th Annual Global Insurance Survey Report "Adapting Flexibly: Investment Practices". The survey shows that most insurance institutions view geopolitical tensions, economic slowdowns, or a US economic recession as the primary macroeconomic risks facing their investment portfolios. Despite these concerns, 88% of insurance institutions expect the S&P 500 index to continue rising in 2026, and 62% of institutions plan to increase their allocation to private assets this year, a trend consistent with the past few years. The survey also shows that insurance institutions are seeking sustainable returns, income, and diversified allocation channels. Specifically, asset-backed financing is highly attractive to insurance institutions, with 38% of surveyed institutions planning to increase their allocation to this asset class in the next 12 months. Additionally, 35% of insurance institutions expect to increase allocation to investment-grade private placements; 33% of insurance institutions plan to increase allocation to senior direct loans; 25% of insurance institutions intend to increase allocation to private equity; and 25% of insurance institutions expect to increase allocation to infrastructure equity.