Description: Reviews basic desirable features in an economic scenario generator. Discusses basics of model structure and validation process

Description: There are two main techniques for evaluating the financial impact of interest rate movements on insurance companies: duration measures and computer simulations. In many ways these approaches provide complementary viewpoints.

Description: This article discusses asset-liability management from two different paradigms, one a simulation of the firm as an external observer e.g. shareholder would view it, and the other a “still life” at a given moment from an internal viewpoint.

Description: This article discusses the recent low interest rate environment and the asset-liability management challenges it presents for insurers. With respect to products such as deferred annuities, universal life and settlement options, it introduces the more robust duration measure called effective duration, which is the product of option-adjusted analysis OAA.