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Asset-Liability Integration, Chapter 3: Why Did ALM Become Important?
closely re- lated to the C-3 risk. The Golden Age of U.S. insurers, the 1950s and 1960s, was characterized ... and Polkinghorn 1992). In 1982, total annuity reserves of U.S. life companies exceeded life insurance ...- Authors: Krzysztof Ostaszewski
- Date: Jan 2003
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
- Topics: Finance & Investments>Asset liability management
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Asset-Liability Integration, Chapter 2: Defining Asset-Liability Management
cash value surrender, single premium deferred annuity tax- free exchange, and guarantees of interest ... enterprise S(i) equals A(i) L(i). If we apply the reasoning presented above to the function S(i), then ...- Authors: Krzysztof Ostaszewski
- Date: Jan 2003
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
- Topics: Finance & Investments>Asset liability management
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Asset-Liability Integration, Chapter 1: What Are Financial Intermediaries Paid For?
market circumstances. Sim- ilarly, if a deferred annuity provides for the credited rate to follow an interest ... solves the fol- lowing optimization problem max E(u(g (X) e ))i i gi(X ) subject to: I. What are ...- Authors: Krzysztof Ostaszewski
- Date: Jan 2003
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
- Topics: Finance & Investments>Asset liability management