Alternative investment firms are increasingly targeting insurance companies in Asia for fundraising opportunities, with firms like Blackstone and CVC Capital Partners expanding their insurance-focused expertise in the region. Oaktree Capital Management is also hiring more senior professionals to cater to rising insurance client demand. Globally, insurers are increasing allocations to private credit and alternatives, with a focus on real assets and private equity. However, a shortage of tailored expertise in Asia poses challenges for asset managers. The region’s fragmented regulations and varying capital standards complicate the establishment of effective partnerships, highlighting the need for specialized knowledge in insurance asset management.