Asset liability management
Regulatory concerns mount as Dutch insurers maintain guarantees
Race to the bottom
Swedish insurers warn of manipulation threat to new discount curve
Concerns Solvency II-based risk-free curve could be distorted by speculators as market begins to adjust ALM hedges
National regulators ramp up efforts to combat low rate threat
Interesting times
Allianz leads German insurers in guarantees shake-up
Insurers developing new products to reduce exposure to low rates
Insurers 'should be exempt from initial margining requirements' on ALM hedges
No economic need for initial margin on non-centrally cleared derivatives, argues Insurance Europe
Robust hedging of withdrawal guarantees
Robust hedging of withdrawal guarantees
Thailand insurers shun interest rate derivatives for RBC liability hedging
Derivatives and structured products remain unpopular with Thai insurers looking to hedge their liabilities following the introduction of a risk-based capital framework
Exchanges woo insurers with futures alternative to OTC swaps
With the price of over-the-counter swaps predicted to increase as new derivatives rules take effect, futures are being touted as an efficient alternative hedging tool, but are they a perfect fit? Blake Evans-Pritchard reports
Insurers to target export finance loans as banks withdraw
Sovereign-guaranteed loans provide yield boost for insurers
Move to swaps discounting presents ALM challenges for with-profits funds
Switching to swaps
Sponsored feature: RBS
Hedging the Zinszusatzreserve for German insurance companies
Sponsored statement: Moody's Analytics
Can ALM practices be improved?
Regulatory change will enable China insurers to reduce their asset-liability mismatch
China insurers now allowed to invest in hybrid, convertible bonds and infrastructure asset and real estate
Insurers look to social housing to diversify asset mix
Social enterprise
Low risk, high return: getting the most from a low risk asset strategy
Low risk, high return
Cash-rich insurers eye loan books of de-leveraging European banks
Cash-rich insurers eye loan books of de-leveraging European banks
Perturbed Gaussian copula: introducing the skew effect in co-dependence
Gaussian copula models are often used in the industry when single-asset information is quoted but little is known about their joint relation. These models may arise from correlated stochastic Brownian processes with deterministic volatility and…
Market unrest prompts caution over commodities as diversifying asset class
Diverse strategies
Solvency II asset charges will not stop insurers funding banks
Strategic moves
Market-consistent equity risk premiums
The capital asset pricing model used to determine excess return for a given risk level and allocate assets typically uses historical data, which can be a poor predictor of risk. By adapting the model to be consistent with market-implied distributions,…
Insurers look to hedging strategies to deal with management charge volatility
Securing future value
Inflation estimate errors costing defined benefit sponsors £50 billion
Overestimated inflation projections could be costing UK defined benefit scheme sponsors more than £50 billion in unnecessary funding commitments, a corporate adviser warns