Longevity Financial Institutions Interactive Charts

Due to the Covid-19 pandemic, 2020 turned out to be highly volatile and rather unexpected for business. Asset management companies should have acted under uncertainty taking into account global socio-economic changes. According to BCG Global Asset Management 2020 Report, the total value of global assets under management (AuM) is estimated at $89T (as of 2019), having grown by 15% compared to 2018 (AuM value was $77T).

Despite the significant shortfall, JPMorgan Chase and Bank of America are still the biggest players in the industry with $3,386B and $2,819B total assets for the quarter ending March 31, 2021, respectively.

The noble goal to ensure and secure our lives and property isn’t so touching for market both inner and external forces causing significant volatility during 2020-2021 time period. On the other hand, it looks like Zurich Insurance Group and MetLife are both skilful in adapting and adjusting to such unstable pandemic times performing quite stable over the year.

Pension fund assets at the end of Q1 2020 have dropped down by 8% compared to end-2019. The drop in pension fund assets is observed to stem from the decline on equity markets in the first quarter of 2020. Therefore, pension funds have to buy bonds to rebalance their portfolios.

The global reinsurance providers market has  grown at CAGR of 0.3% during 2019-2020. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3.2% from 2021 and reach $554.2B in 2023.

In 2019 Total Assets under Management grew up by 17% to $104 trillion. Retail clients were a faster-growing customer segment than institutions. US market grew by 18%, which is $8 trillion. 

In 2020, the value of total assets decreased due to Covid-19 and the recovery time will depend on the situation with the pandemic.

This Investment Digest summarizes key observations in the Financial Institutions that engage in the Longevity Industry. We define the Longevity Industry as a combination of aging, advanced preventive precision biomedicine,  AgeTech, relevant parts of national healthcare budgets, and the global financial industry related to such sub-industries. In it, we have assembled information about top-300 Financial Institutions representing 5 main financial institution types: Asset Management Firms, Banks, Pension Funds, Insurance and Reinsurance firms.