Smaller China insurers to join outsourcing party

China’s life insurers outsourced 19.2% of their investable assets to domestic and overseas managers last year, while small and mid-sized players are tipped to follow, according to Cerulli Associates. The research firm said the low-yield environment would continue to spur more insurance companies to outsource asset management. So far, the primary reason for big firms such Ping An Insurance Group to outsource investment is to boost returns. In 2015, life insurers outsourced a tota…