Asset/Liability Management and Enterprise Risk Management of an Insurer PDF Download
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Author: Thomas S.Y. Ho
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Risk management techniques used in banks and trading floors are generally not applicable to insurance companies. Risk measures and risk monitoring approaches must be developed to respond to the challenges to the insurance industry. This paper describes the current risk management practices for both life and general insurance businesses, and proposes the corporate model approach that extends the present approaches to provide corporate management solutions, enterprise risk management in particular, for insurers.
Author: Thomas S.Y. Ho
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Risk management techniques used in banks and trading floors are generally not applicable to insurance companies. Risk measures and risk monitoring approaches must be developed to respond to the challenges to the insurance industry. This paper describes the current risk management practices for both life and general insurance businesses, and proposes the corporate model approach that extends the present approaches to provide corporate management solutions, enterprise risk management in particular, for insurers.
Author: Marine Corlosquet-Habart
Publisher: John Wiley & Sons
ISBN: 1848218834
Category : Mathematics
Languages : en
Pages : 170
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Book Description
This book introduces ALM in the context of banks and insurance companies. Although this strategy has a core of fundamental frameworks, models may vary between banks and insurance companies because of the different risks and goals involved. The authors compare and contrast these methodologies to draw parallels between the commonalities and divergences of these two services and thereby provide a deeper understanding of ALM in general.
Author: G. Mitra
Publisher: Springer
ISBN: 023030723X
Category : Business & Economics
Languages : en
Pages : 547
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Book Description
Recent years have shown an increase in development and acceptance of quantitative methods for asset and liability management strategies. This book presents state of the art quantitative decision models for three sectors: pension funds, insurance companies and banks, taking into account new regulations and the industries risks.
Author: Guillaume Gorge
Publisher: Lulu.com
ISBN: 1300935456
Category : Business & Economics
Languages : en
Pages : 394
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Book Description
"Risk being its raw material, insurance has developed various techniques of valuation and risk transfer. Nowadays, these techniques - and first of all reinsurance, the favourite way of transferring risk- are entirely reassessed considering the development of Corporate Finance theory. Therefore, the approach retained here, originally for the actuarial course at Ensae, Paris may surprise some readers and students as it proposes a extended view of risk. We cover not only the mathematical aspects of Risk Management but also other fields relevant for Risk Management from economy or finance. We aim here at making bridges between all these fields through practical application to cat and life risk-management."--
Author: Bob Swarup
Publisher:
ISBN: 9781472920416
Category : Asset-liability management
Languages : en
Pages : 208
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Book Description
"Effective asset-liability management (ALM) of a financial institution requires making informed strategic and operational decisions. Ever more important in the wake of the corporate bailouts and collapses of the financial crisis, ALM encompasses the formulation, implementation, monitoring, and revision of strategies, often on a daily basis due to the fast-moving nature of the related risks and constraints."--Bloomsbury Publishing.
Author: Leo M. Tilman
Publisher:
ISBN: 9781843744498
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 414
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Book Description
As the first-ever definitive guide to Asset/Liability Management (ALM) across financial institutions, this book is essential in developing consistent frameworks for risk management. Leveraging the experience of 38 senior industry practitioners, it provides a unique and practical perspective on the practice of ALM covering: The management, techniques and practices of ALM in financial institutions The challenges facing depository institutions, the insurance industry, pension and mortgage providers The regulatory and accounting aspects of ALM options and decisions For financial and corporate executives, treasurers, portfolio managers, investment bankers, traders, actuaries, modelers, academics and regulators, this book brings you face-to-face with the leading experts and is a valuable reference for anyone involved in the business of ALM at this critical juncture. This book has been sited as a reference in the Basel Committee on Banking Supervision's Consultative Document: The Application of Basel II to Trading Activities and the Treatment of Double Default Effects (April 2005). "Building upon his acclaimed text on risk management, Leo Tilman has assembled an exceptional group of contributors to create an authoritative volume on asset/liability management. Finance professionals, regulators, investors, and academics now have a definitive reference on perspectives and practices of leading institutions." Tetsuya Miyagawa, General Manager, International Investment Department, Nippon Life Insurance Company "ALM plays a central role in uniting corporate finance and risk management. Grounded in practical realities, this book builds an intellectual bridge between ideas and tools critical for players across the financial industry." Professor Harry H. Panjer, President, Society of Actuaries "A timely discussion of the most important asset/liability management issues financial institutions will undoubtedly continue to face." William H. Gross, Chief Investment Officer and Managing Director, Pacific Investment Management Company "A terrific text that provides important insights on asset/liability management by evaluating existing theory within a rich institutional setting. This book fills an important market niche and is a must for anyone dealing with A/L at financial institutions and corporations." Professor Stephen A. Ross, Franco Modigliani Professor of Finance and Economics, MIT Sloan School of Management "Leo M Tilman has brought together a collection of authors...that frame a comprehensive ALM discipline to protect against the next possible storm." Mark Bursinger, Vice President, Risk Management, AEGON USA Investment Management, LLC.
Author: Beata Lubinska
Publisher: John Wiley & Sons
ISBN: 1119635489
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
An advanced method for financial institutions to optimize Asset Liability Management for maximized return and minimized risk Financial institutions today are facing daunting regulatory and economic challenges. As they manage bank regulation and competition, institutions are also optimizing their Asset Liability Management (ALM) operations. The function of the ALM unit today goes beyond risk management related to the banking book into managing regulatory capital and positioning the balance sheet to maximize profit. Asset Liability Management Optimization: A Practitioner's Guide to Balance Sheet Management and Remodelling offers a step-by-step process for modeling and reshaping a bank's balance sheet. Based on the author's extensive research, it describes how to apply a quantifiable optimization method to help maximize asset return and minimize funding cost in the banking book. ALM ranks as a key component of any financial institution's overall operating strategy. Now, financial professionals can use an advanced solution for optimizing ALM. This book takes a closer look at the evolving role of the ALM function and the target position of the banking book. It provides strategies for active management, structuring, and hedging of a bank balance sheet, while also exploring additional topics related to ALM. A description of the Funds Transfer Pricing (FTP) process related to a bank’s target position Detailed examinations of interest rate risk in the banking book (IRRBB) Discussion of Basel III regulatory requirements and maturity gap analysis Overview of customer behavior, along with its impact on interest rate and liquidity risk Practical spreadsheet models (NII sensitivity and EVE volatility IRRBB model, simplified optimization model for minimization of average funding cost for a bank and an example of behavioral model for Non-Maturing Deposits) Explorations of model risk, sensitivity analysis, and case studies The optimization techniques found in Asset Liability Management Optimization can prove vital to financial professionals who are tasked with maximizing asset return and reducing funding costs as a critical part of business objectives.
Author: Martin Bird
Publisher: A&C Black
ISBN: 1849300674
Category : Business & Economics
Languages : en
Pages : 221
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Book Description
The financial crisis of 2008 had little impact on the insurance industry globally, unlike the solvency issues within other financial sectors. This title looks at the major risk concerns within insurance and how the industry as a whole deals with potential threats to its business in the short, medium, and long term. It will demystify how insurers cope with liquidity risk, counterparty risk, tail-event risk (catastrophe), longevity risk, and the impact of climate change.
Author: Michael K. Ong
Publisher: Risk Publications
ISBN: 9781899332816
Category : Asset-liability management
Languages : en
Pages : 192
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Book Description
A reference title on the ongoing synthesis of traditional techniques and financial risk management.
Author: Sandra G. Gustavson
Publisher: Springer Science & Business Media
ISBN: 9401113785
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
Five years ago the world lost one of its most prolific insurance scholars, Dr. Robert I. Mehr. His death in 1988 signalled the passing of not only a gifted writer and researcher, but also a pioneering teacher, mentor, and friend. The essays compiled within this volume are intended as an appropriate tribute to this occasionally outrageous individual who touched the lives of so many within the insurance community. Bob Mehr was a teacher who expected and demanded nothing less than perfect scholarship and flawless, efficient writing. Among alumni of the University of lllinois insurance doctoral program, stories still abound of late night and early morning sessions in which students and professor painstakingly debated precise words and phrases for dissertations, journal articles, and textbooks. Bob's respect for language was both immense and contagious, if at times more than a little compulsive. He joked that he could not read letters or novels without pencil in hand for editing. Bob's respect for his doctoral students was equally evident. The confidence he displayed in his students' abilities was sometimes startling, but "competence assumed" often begot "competence in fact." The accomplishments and records amassed by the many who studied with Bob Mehr are impressive and ongoing. On the dedication page in his final textbook, Fundamentals of Insurance, Bob spoke of his affection for those he called his "academic progeny" and wished them happiness as they build their own academic families.
