Insurers based in America reportedly express the highest level of interest towards crypto investments, per insights from a Goldman Sachs global survey of 328 chief financial and chief investment officers. 

Specifically, the investment banking heavyweight reportedly recently conducted its annual global insurance investment survey which aims to find out companies’ asset allocations and portfolios, this time coming with answers related to crypto. 

Per the survey, 11% of U.S. insurance establishments indicated either an interest in making investments or currently already had investments in crypto.

During his speech at the company’s Exchanges at Goldman Sachs podcast on May 31st, Goldman Sachs global head of insurance asset management Mike Siegel reportedly revealed his surprise upon capturing any kind of result. 

“We surveyed for the first time on crypto, which I thought would get no respondents, but I was surprised. A good 6% of the industry respondents indicated that they’re either invested in crypto or considering investing in crypto.”

Asia-based insurers ranked second in the list, generating a 6% interest in or currently invested in the asset, while European insurers came in at only 1%.

The report further revealed that cryptocurrencies stood at the fifth spot in the list of assets where the asset class insurers have expection to generate the highest returns throughout the next 12 months, with 6% ranking it as their first choice, beating United States and European equities.

Approximately 2% of companies indicated a current crypto investment, and while it’s a small number of firms indicating investment or interest, Goldman Sachs survey wrote that this level of interest “is still notable.”

1% of the overall participating companies revealed their positive response in increasing their crypto position over the next 12 months; 7% said they would maintain their current position; and 92% said they would not invest in crypto over the next year.