Episode 75: A US insurer’s roadmap for navigating the new RBC regs – An interview with Wellington Management’s Tim Antonelli

In this episode of the InsuranceAUM.com Podcast, host Stewart Foley explores the 2023 insurance investment outlook, focusing on regulatory changes and their impact on insurance portfolios. With insights from Wellington Management’s expertise, the discussion delves into the newly implemented risk-based capital (RBC) framework, which introduces more granular ratings for fixed income assets. These changes aim to better align capital charges with risk, presenting opportunities in high-quality high-yield bonds, municipals, and securitized assets for life insurers, while also increasing scrutiny for private placements.

The episode also addresses how insurers are navigating rising interest rates, inflation risks, and the evolving regulatory environment. Topics include the shift toward private credit, the role of structured products as a diversification tool, and the increasing importance of alternative investments in meeting long-term strategic goals.