Our Approach
Providing bespoke investment solutions to insurance clients for more than two decades. We are a dedicated partner to insurers focused on optimizing outcomes.
Our expert team supports insurers to develop customized, capital-efficient solutions that balance multiple, sometimes competing, objectives and constraints, including risk/return preferences, income needs as well as accounting and regulatory considerations.
We partner with insurers to develop bespoke investment solutions geared towards delivering company-specific, optimized outcomes.
Key Differentiators
We believe that effective insurer investing requires:
- An understanding of the complex environment in which insurers operate
- Recognition of the uniqueness of each company
- A breadth of research-driven investment capabilities which can offer attractive risk-adjusted returns
- The ability to provide customized reporting best positioned to address the needs of each
Key Benefits
Dedicated Partner
Fiera Capital manages more than $30.5B in assets* on behalf of 52 insurance clients.
These clients include Property & Casualty companies, Life & Health insurance companies, insurance platforms and other insurance mandates.
Extensive Expertise
Insurance clients benefit from seasoned insurance investment professionals.
The team includes portfolio managers, actuaries and solutions specialists with a deep understanding of the design and implementation of customized solutions for liability-aware clients.
Tailored Solutions for Insurers
There is no one-size-fits-all insurance solution.
Fiera Capital delivers innovative, bespoke investment and risk management solutions to insurance clients while leveraging best-in-class market practices across asset classes.
* as of June 30, 2026
The IFRS 17 reference curves the Canadian insurance industry runs on.
Retained by the Canadian Institute of Actuaries in January 2021, Fiera Capital constructs and publishes the official CIA IFRS 17 market and reference curves every month. Many Canadian insurers use them directly as their discount curve.
Capabilities
The Fiera insurance team has expertise in integrating derivatives and other assets classes in its solution construction and allocation process.
The solution optimization process can incorporate regulatory requirements, cost of capital, cash flow matching and current market environment.
Fiera offers a broad spectrum of investment strategies across asset classes, styles and capitalization ranges, in addition to customized liability-driven and multi-asset class solutions for insurers.
Fixed Income $71.4B*
Equity $69.8B*
Private Markets $22.3B*
*As of June 30, 2026
The Integrating Role
of Fixed Income
Fixed income is the glue – the completion mandate that makes the insurer’s total asset portfolio work.
A Framework
Built for Insurers
Canadian insurers operate at the intersection of four worlds — actuarial, accounting, regulatory, and financial markets.
The liability moves when the CIA IFRS 17 curve moves. The P&L moves when rates and credit spreads move. Every position consumes LICAT or MCT capital.
The first three worlds define how results are measured. The fourth is where results are made. Our fixed income framework integrates all four from the first decision — not a generalist framework with insurance constraints bolted on afterwards, and not a liability-matching framework with no view on markets. A framework designed from the start for the reality of an insurer’s balance sheet.
Managing Constraints
Across the Portfolio
Actuarial liabilities
P&L volatility under IFRS 17
LICAT/ MCT capital
Insights
A New Regime: Insurance Investment Strategies in 2025
