2025 Global Insurance Survey
Investment Outlook and Market Sentiment
Our survey was conducted against a backdrop of macroeconomic uncertainty and a changing geopolitical landscape. This year’s title, The Great Pivot, accurately describes the shift towards illiquidity and acknowledges the continued momentum towards private asset classes.
Watch: Global Insurance Survey 2025
Hear from Mike Siegel, Global Head of Insurance Asset Management and Liquidity Solutions, Co-Head of the Client Solutions Group in Asia Pacific, and Matt Armas, Global Head of Insurance Asset Management, as they discuss key findings from this year’s Global Insurance Survey.


In the Navigating the Cycle, tariffs/trade disputes were not an option in the 2024 Global Insurance Survey.
In Powering into Private Markets, the chart is showing the top ten answers from respondents.
EMEA stands for Europe, Middle East and Africa.
Views expressed discussed are those of survey respondents, compiled by Goldman Sachs Asset Management as of February 7, 2025. Responses were collected from January 16 to February 7, 2025.
Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.
Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Goldman Sachs Asset Management to buy, sell, or hold any security. Views and opinions are current as of the date of this publication and may be subject to change, they should not be construed as investment advice.
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