Asset and liability management (ALM)
Variable annuities: waiting for the next generation
A few years ago European insurers were issuing increasing numbers of guaranteed products that resembled structured notes. What scope is there for this type of business today? By John Ferry
Replicating success
The financial crisis drummed home to many banks the advantages of quickly calculating exposures and executing hedges for complex portfolios. As a result, some banks are looking to the insurance sector and their use of replicating portfolios. By Clive…
The PPF principle
The result of the recent economic dislocation is an increase in corporate insolvencies - many of which will result in deficit-ridden pension schemes falling into the lap of the UK's Pension Protection Fund. It is timely that the organisation has reviewed…
On debt row
Feature
Foreign insurers continue their exodus from Taiwan market-place
Taiwanese insurance industry reeling due to capital concerns
Study: pension funds should amend ALM risk models
European pension funds would experience greater stability if regulators amended asset liability management (ALM) rules to permit short-term risk taking using internal risk management models, a new paper argues.
Getting the green light
Regulator Q&A
Downward spiral
ALM
A creditable spread
Credit
Inflated or deflated?
Inflation trading
Seeking consensus on LDI
Pensions
Treasury-plus
Profile
Supply-side economics
Pensions
Incorporating policyholder expectations into ALM
European life insurers have recently improved their asset/liability management (ALM) skills.However, those efforts have been limited to the matching of guaranteed policyholder benefits.While bringing considerable insight, they also leave management with…
Hedging of corporate pension liabilities
Bernd Scherer here proposes a normative theory of asset/liability management that views externally funded pension funds exclusively from a corporate finance point. Standard asset management solutions are derived after the corporate finance problem has…
Insurance optional
Asset/liability management
Rate risks redux
Introduction
Signs are good for IAS 39 final preparations
Regulation
What’s in a name-change?
Profile: Capitalia
Risk in transition
Asset allocation