Description: The author describes immunization with a simple illustration requiring only high school algebra rather than the ordinary and stochastic calculus that has been applied to this subject. It illustrates that if you have three invesmtents with different durations, we can take some combination of any two of them to get the same duration as the third.

Description: This article explains how duration matching as an asset/liability management tool is insufficient and can lead to a suboptimal asset mix.

Description: Brief summary of how asset/liability management for life insurance companies has evolved over the last decade.

Description: Discussion about recent ALM and Benchmarking survey conducted by strategic consulting firm Patpatia & Associates.

Description: Frank Redington, the author of the article, reminiscenses of the origin of immunisation beginning in 1951.