An insurance company or governmental risk pool may utilize an investment consultant to provide third-party oversight over their investment manager. For example, SAA monitors the value added or subtracted by our clients’ investment manager, as well as their compliance to our clients’ goals and objectives.
It is common for insurers to have investment expertise on staff (i.e. ‘Chief Investment Officer’ or ‘VP of Investments’) that are responsible for monitoring the organization’s investment manager. However, in many instances, an organization may prefer to outsource these responsibilities to an independent third-party.