In a recent survey of the insurance sector, Goldman Sachs included questions related to For the first time ever, the responses of leading global asset managers show that they are gradually recognizing digital assets as investments.
The adoption of digital assets by investors in the insurance sector is an area of great interest. By December 2020 MassMutual Insurance Company invest 100 million dollars in BTC
Interest of Asset Managers in Crypto
The report noted that, although very small, But the level of insurers’ interest in cryptocurrencies is increasing.
“Most insurance companies do not consider investing in cryptocurrencies. which American insurers pay a little more attention to. Currently, 11% are invested or considered investing in cryptocurrencies, compared to 6% Asian insurers and 1% European insurers. However, this level of interest remains outstanding.” reportthe survey said
The Goldman Sachs 2022 Intellectual Property Insurance Survey covers inflation, investment uncertainty, increased returns, and the environment. Social and Corporate Governance (ESG) is a key issue. The survey involved 328 CIOs and CFOs, representing more than $13 trillion in balance sheet assets worldwide. and account for about half of the global insurance industry.
How is Crypto in Surveys?
The survey asked respondents to describe the three assets they thought would deliver the highest returns in the next 12 months, of which 6% of respondents. Choose cryptocurrency as their first choice, while 9% choose asset classes from the top three.
When asked to rank the three assets with the lowest total return in 12 months, the number of respondents selected cryptocurrencies Being the first choice, only 16% and 22% rank in the top three. Digital assets are better than government and corporate bonds. This includes cash and short-term instruments, which occupy the first and second positions.
Mathew McDermott, Head of Global Digital Assets at Goldman, said he was surprised by the positive feedback on the adoption of digital assets by asset managers around the world.
“While the Crypto market continues to grow, Coupled with increasing regulatory certainty, institutions are increasingly confident in exploring investment opportunities. as well as being aware of the impact of the blockchain technology behind it. We are positively surprised by the increased adoption by asset managers around the world. which clearly recognizes the potential of this market,” McDermott said.
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