Is an insurance company an asset manager?

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I'm offered to become a CFO of a tiny P/C insurance company and wondering whether I'm sure about philosophy of this business. Company market themselves as a professional service provider, wiki says it's a financial service, and I think it's an asset manager. Do you have a better definition? (I have no degree in finance, too).

Comments (4)

 
Aug 15, 2018 - 4:46pm

Unless their assets are pretty sizeable (i.e. few billion $ plus) they likely outsource their asset management function. From my experience, with the smaller insurance companies the CFO and/or investment management team works with the outside manager on asset/liability mgmt, allocation, etc.

"Give me a fucking beer", Anonymous Genius
 
Aug 15, 2018 - 9:07pm
I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
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