Asset and Liability Management for Banks and Insurance Companies

Asset and Liability Management for Banks and Insurance Companies
Author: Marine Corlosquet-Habart
Publisher: John Wiley & Sons
Total Pages: 170
Release: 2015-08-05
Genre: Mathematics
ISBN: 1119184614

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.

Asset/liability Management of Financial Institutions

Asset/liability Management of Financial Institutions
Author: Leo M. Tilman
Publisher: Euromoney Books
Total Pages: 386
Release: 2003
Genre: Asset-liability management
ISBN: 9781843741244

As a guide to Assel/Liability Management (ALM) across financial institutions, this book is useful in developing consistent frameworks for risk management.

Insurance: From Underwriting to Derivatives

Insurance: From Underwriting to Derivatives
Author: Eric Briys
Publisher: John Wiley & Sons
Total Pages: 184
Release: 2001-06-29
Genre: Business & Economics
ISBN:

An in-depth look at the increasingly significant convergence between the insurance industry and the capital markets. This important publication, by two premier financial experts, explores the unique convergence of finance and insurance. The book covers the basics of property-casualty insurance, securitizing insurance risks, looks at life insurance in the United States and ALM in insurance. It addresses the questions and concerns of investment banks, brokerage firms and the insurance/reinsurance sector itself, examines ongoing trends and issues, and how current market pressures on insurance companies do not just create challenges but actually point the way to future promising developments.

Bank and Insurance Capital Management

Bank and Insurance Capital Management
Author: Frans de Weert
Publisher: John Wiley & Sons
Total Pages: 263
Release: 2011-10-14
Genre: Business & Economics
ISBN: 0470971649

In the aftermath of the financial crisis, capital management has become a critical factor in value creation for banks and other financial institutions. Although complex and subject to regulatory change, the strategic importance of capital management became apparent during the crisis and has moved the subject to the top of corporate agendas. Bank and Insurance Capital Management is an essential guide to help banks and insurance companies understand and manage their capital position. Bridging the gap between theory and practice, it provides proven techniques for managing bank capital, as well as explaining key capital management perspectives, including accounting, regulatory, risk and capital management and corporate finance. It also shows how to analyze a firm's stakeholders such as depositors, policy holders, debt holders and shareholders, and manage their expectations, and how to align risk and capital management so as to best optimize the return on capital and preserve capital in periods of stress. Economic capital is also discussed in depth, as are the practicalities of bank and insurance M&A, and the book also shows how financial innovations can be used to optimise the capital position and how diversification effects are reflected in the capital position. This book will arm readers with the knowledge and skills needed to understand how capital management can improve capital structure and performance, achieving an optimal cost of, and return on capital, creating value as a result.

Insurance and Issues in Financial Soundness

Insurance and Issues in Financial Soundness
Author: Nigel Davies
Publisher: International Monetary Fund
Total Pages: 45
Release: 2003-07-01
Genre: Business & Economics
ISBN: 1451856008

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.

Asset and Liability Management Handbook

Asset and Liability Management Handbook
Author: G. Mitra
Publisher: Springer
Total Pages: 547
Release: 2011-03-29
Genre: Business & Economics
ISBN: 023030723X

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.

Asset and Liability Management

Asset and Liability Management
Author: Jean Dermine
Publisher: Financial Times/Prentice Hall
Total Pages: 0
Release: 2007
Genre: Asset-liability management
ISBN: 9780273710011

Written for a general business audiance, this is the first book on asset and liability management that emphasises both value creation and risk control.

Asset-Liability and Liquidity Management

Asset-Liability and Liquidity Management
Author: Pooya Farahvash
Publisher: John Wiley & Sons
Total Pages: 1056
Release: 2020-06-16
Genre: Business & Economics
ISBN: 1119701880

Asset-Liability and Liquidity Management distils the author’s extensive experience in the financial industry, and ALM in particular, into concise and comprehensive lessons. Each of the topics are covered with a focus on real-world applications, based on the author’s own experience in the industry. The author is the Vice President of Treasury Modeling and Analytics at American Express. He is also an adjunct Professor at New York University, teaching a variety of analytical courses. Learn from the best as Dr. Farahvash takes you through basic and advanced topics, including: The fundamentals of analytical finance Detailed explanations of financial valuation models for a variety of products The principle of economic value of equity and value-at-risk The principle of net interest income and earnings-at-risk Liquidity risk Funds transfer pricing A detailed Appendix at the end of the book helps novice users with basic probability and statistics concepts used in financial analytics.

Handbook of Asset and Liability Management

Handbook of Asset and Liability Management
Author: Alexandre Adam
Publisher: John Wiley & Sons
Total Pages: 576
Release: 2008-03-11
Genre: Business & Economics
ISBN: 9780470724118

In the Handbook of Asset and Liability Management: From Models to Optimal Return Strategies, Alexandre Adam presents a comprehensive guide to Asset and Liability Management. Written from a quantitative perspective with economic explanations, this book will appeal to both mathematicians and non-mathematicians alike as it gives an operational view on the business. Well structured, this book includes essential information on Balance Sheet Items and Products Modeling, Tools for Asset and Liability Managers, as well as Optimal Returns Strategies. Explaining, in detail, all the written and unwritten rules of Asset Liability Management, using up-to-date models and the latest findings, the Handbook of Asset and Liability Management is an essential tool for Asset and Liability Managers both for the present day and the future.

Macroprudential Solvency Stress Testing of the Insurance Sector

Macroprudential Solvency Stress Testing of the Insurance Sector
Author: Mr.Andreas A. Jobst
Publisher: International Monetary Fund
Total Pages: 84
Release: 2014-07-22
Genre: Business & Economics
ISBN: 149832455X

Over the last decade, stress testing has become a central aspect of the Fund’s bilateral and multilateral surveillance work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national practices and the experiences from Fund’s FSAP program with the aim of providing practical guidelines for the coherent and consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress testing approaches and presentation of results.