Clearwater Analytics Holdings Inc. has disclosed a record $4.5 trillion in unaffiliated general account insurance assets under management (AUM), marking a 24% increase year-over-year. The surge in AUM is accompanied by significant growth in private asset class investments, which have reached $800 billion, up from less than $50 billion a decade ago. The report also highlights the increasing importance of multi-asset class strategies and the adoption of advanced technology solutions by over 80% of participating managers. These developments reflect insurers' ongoing efforts to diversify portfolios and seek higher yields.