CONNING
Investment management, risk modeling, and research for the global insurance industry.
Overview
Conning is a leading investment management and analytics firm with over 110 years of experience exclusively serving insurance companies and other institutional investors. Founded in Hartford, Connecticut in 1912 by William Smith Conning, the firm began managing insurance company assets in 1983 and has since grown to manage over USD 170 billion in combined assets across North America, Europe, and Asia. In July 2023, Assicurazioni Generali acquired Conning from Cathay Financial Holding, integrating it into the Generali Investments platform, one of the world's largest asset management groups.
The firm offers a unique combination of investment management services and proprietary insurance risk modeling software, making it a full-service partner for insurance companies navigating asset-liability management, regulatory capital requirements, stress testing, and strategic investment allocation. Conning's software suite -- including GEMS, FIRM, and ADVISE -- is used by actuaries, risk managers, and CFOs at insurance companies worldwide.
The Conning group operates through multiple subsidiaries including Conning Inc., Goodwin Capital Advisers, Conning Asset Management Limited, Conning Asia Pacific, Octagon Credit Investors, Global Evolution, Pearlmark Real Estate, and MGG Investment Group (acquired 2025).
Products & Services
Insurance Asset Management
Discretionary investment management tailored to the unique regulatory, accounting, and liability constraints of insurance companies and institutional investors.
Key Features
- Fixed income, equity, and alternative investment strategies
- Asset-liability management (ALM)
- Regulatory capital optimization (RBC, Solvency II)
- Strategic Asset Allocation (SAA) advisory
- Investment accounting and reporting
Target Users: Insurance carriers, reinsurers, pension plans
GEMS -- Economic Scenario Generator
A stochastic economic scenario generator used for insurance asset-liability modeling, stress testing, and regulatory capital calculations.
Key Features
- Stochastic economic and market scenario generation
- Asset-liability modeling support
- Stress testing and regulatory capital calculations
- Integration with actuarial and accounting systems
Target Users: Actuaries, risk managers, CFOs at insurance companies
FIRM -- Financial Risk Modeling
Risk modeling software for insurance company risk-based capital analysis, economic capital modeling, and stress testing.
Key Features
- Risk-based capital (RBC) analysis
- Economic capital modeling
- Comprehensive stress testing
- Regulatory reporting support
Target Users: Risk managers, finance teams at insurance carriers
ADVISE -- Investment Analytics
Portfolio analytics platform providing performance attribution, risk reporting, and investment compliance monitoring for insurance company portfolios.
Key Features
- Performance attribution and reporting
- Investment compliance monitoring
- Real-time portfolio analytics
- Risk reporting dashboards
Target Users: CIOs, portfolio managers, compliance teams
LDTI and NAIC GOES Solutions
Specialized software supporting Long-Duration Targeted Improvements (LDTI) accounting compliance and NAIC's Own Risk and Solvency Assessment (ORSA) requirements.
Target Users: Finance and actuarial teams at life insurance carriers
Insurance Research & Publications
Proprietary insurance industry research covering market trends, investment outlooks, regulatory developments, and specialized market studies. Recent studies include:
Key Features
- MGA market growth: 16% year-over-year to USD 114.1B in direct premiums written (2024)
- Fronting market: USD 19.6B in gross premiums written, 26% growth (2024)
- Pension Risk Transfer: 18 transactions representing USD 22B (2024)
- Commercial auto insurance market analysis
Target Users: Insurance industry executives, investors, analysts
At a Glance
- Founded
- 1912
- Headquarters
- Hartford, Connecticut
- Employees
- 201-500
- Funding
- Acquired
Category & Focus
- Category
- Data & Analytics
- Subcategories
- Insurance Asset Management Risk Modeling Software Insurance Research Economic Scenario Generation
- Insurance Verticals
- Life & Annuity P&C Commercial Health Reinsurance
- Target Customers
- Carriers, Reinsurers
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Last updated: 2026-04-09