Insurance firms unlikely to widely embrace OCIOs

So-called outsourced chief investment officer (OCIO) services are gaining interest in Asia and elsewhere, but the arrangement is unlikely to gain much traction among life insurers, say in-house insurance CIOs and industry experts. That’s because the OCIO model – which involves externally delegating responsibility for some or all of a portfolio – is difficult to implement for businesses such as insurers, which have asset-liability matching (ALM) and complex internal actuarial model…