• Clearwater Analytics released its 2026 Insurance Investment Outsourcing Report, showing third-party general account insurance assets under management reached $5.5 trillion across 96 asset managers, up 23% year over year.
• Private insurance AUM more than doubled since 2021 to $947 billion, signaling a shift toward private credit strategies as outsourced allocations approach one-third of portfolios.
• Europe and the UK emerged as a key growth engine, with reported AUM rising 32% year over year to $2.1 trillion, equal to 38% of total outsourced insurance AUM.
• Market concentration eased, with the top 10 managers’ share falling to 59% from 70% over the past decade, pointing to rising competition from mid-sized and specialist firms.
• Investment consultants reported $1.8 trillion in assets under advisement across 12 firms, reflecting increased use of external expertise as insurance investment programs grow more complex.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clearwater Analytics Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605200300BIZWIRE_USPR_____20260520_BW780028) on May 20, 2026, and is solely responsible for the information contained therein.