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Thirty-four percent of insurance executives said they plan to increase portfolio risk in 2021, according to a Goldman Sachs survey. (Photo:  ipopba6/stock.adobe.com)

(Bloomberg) — Insurance executives responsible for investing more than $13 trillion in assets worldwide are planning to take on more risk as the global economy recovers, according to an annual survey conducted by Goldman Sachs Group Inc.

Of 286 chief investment officers and chief financial officers polled, 34% said they plan to increase portfolio risk, compared with 8% planning a decrease, according to survey results released recently. The spread —26 percentage points — is significantly above the survey’s historical average of 15%.

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