Information about insurance companies, their strategies, insurance premiums, reinsurance and other business related information, and information about investments can be used in various ways.
- Decision support
- Background information for the board and steering group
- Process enhancements
- A negotiation tool when making a contract, e.g., with an asset manager
- Selecting a fee structure and success criteria
Insurance companies are typically able to utilize all the information they can get about their competitors, if the information is in useable form.
How foundation or pension fund can use insurance company information? The answer depends on how the foundation or fund operates. If using external asset managers, the insurance investment information gives comparable data, e.g., for asset manager selection process, negotions and other things, as well. If the investments are mainly done in-house, then it is more a question of quality of supervision and monitoring. Or in other words, how the board is doing its job. Investments and their management should be present regularly in the agenda. Also, even if running everything in-house with a small team, the information may give insights, what things are working well and what might need development.