Massimo di Tria, group chief investment officer at Cattolica Assicurazioni, urges those on the asset side to get involved in product development and M&A activity
Chief investment officers (CIOs) at insurance companies need to go beyond their traditional activities and get involved in product development, according to Massimo di Tria, group chief investment officer at Cattolica Assicurazioni.
While the management of investments remains key, Di Tria said it is really important to start from the liabilities, meaning CIOs have to be deeply involved in product development. "If liabilities are manageable in the long run, investments will be much more effective," he said.
Speaking on the sidelines of Insurance Asset Risk EMEA 2019, di Tria also said CIOs need to be more involved in M&A activities as a potential acquisition might not prove as attractive once the "overall resulting liability structure" is considered.