Insurance industry executives expect an economic recession will occur in the United States within the next three years

The survey found that they consider economic slowdown and geopolitical tensions to be the two biggest macroeconomic threats to their investment portfolios, followed by valuations in the credit and equity markets. Insurance industry executives expect the US to enter a recession within the next three years and view economic slowdown and geopolitical tensions as the main macroeconomic risks. However, nearly two-thirds of insurance institutions plan to increase their allocation to private assets and show strong interest in asset-backed financing (ABF) and senior direct lending strategies. Executives expect private equity to be the best-performing asset class over the next 12 months, and most remain optimistic about the S&P 500 Index.