There is growing empirical evidence that the complexity of financial markets makes it increasingly challenging for institutional investors to manage their asset/liability profile efficiently. Changes in the regulatory framework and in accounting rules make it even trickier for insurance companies. Against this backdrop, insurers have no choice but to rethink their overall investment policy. A revisited version of this paper was published in the Fall 2012 issue of the Journal of Alternative Investments.
There is growing empirical evidence that the complexity of financial markets makes it increasingly challenging for institutional investors to manage their asset/liability profile efficiently. Changes in the regulatory framework and in accounting rules make it even trickier for insurance companies. Against this backdrop, insurers have no choice but to rethink their overall investment policy. A revisited version of this paper was published in the Fall 2012 issue of the Journal of Alternative Investments.
Type : | Working paper |
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Date : | 16/01/2012 |
Keywords : |
Alternative Investments |