China Life, YF Life target private markets for returns, diversification

Private markets offer a diverse range of asset classes that insurers can use to meet multifaceted financial goals, which often extend beyond simple return metrics. Addressing the $51 billion life insurer’s needs, Courtney Wei, head of investments at China Life Insurance, said insurers must balance income statement and balance sheet considerations, account for capital and evolving regulatory requirements, and focus on both short-term performance and long-term returns for policyhold…