What exactly does the asset management department of an insurance company do? What are the job requirements?

Insurance asset management is the design of insurance portfolio to meet each customer's investment objectives, taking into account the customer's unique responsibility image, operational requirements, legal, tax and regulatory restrictions. The insurance team and each customer determine the objectives of the portfolio, determine the return objectives, establish risk tolerance, formulate investment criteria, establish customized benchmarks, and formulate operational procedures. Then, the client's portfolio manager is responsible for the overall coordination of the architectural and portfolio contact between the major clients and Dwight services.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.