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  • 3B: Insurance Company Investment Risk Management – What Remains to be Addressed
    o 2% rider charge o 3% M&E o Fixed expenses o Dynamic hedging with 85% effectiveness 8 Life Insurance ... earnings • Discussion Topics: • Basis Risk in Dynamic Hedging • Managed Risk Funds • Product Diversification ...

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    • Authors: Tully Sun Cheng, Poojan Jitendra Shah, Liang Zhang, Robert McGinley
    • Date: Nov 2019
    • Competency: External Forces & Industry Knowledge; External Forces & Industry Knowledge>External forces and business performance
    • Topics: Economics; Economics>Financial economics; Finance & Investments; Finance & Investments>Investments; Finance & Investments>Portfolio management - Finance & Investments
  • 4A: Maintaining A Pension Plan Long-Term: Hedging the Risks
    Capital efficient LDI • Focus on return & alpha • Dynamic management Increase hedge assets • Further increase ... coarse matching at longer maturities  May not be dynamic enough to hedge the Aa spread component  May not ...

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    • Authors: Alexander Pekker, Christian Robert
    • Date: Nov 2019
    • Competency: External Forces & Industry Knowledge; External Forces & Industry Knowledge>Actuarial theory in business context
    • Topics: Economics; Economics>Financial economics; Finance & Investments; Finance & Investments>Investments