EAA Web Session: Assets and Liabilities Management (Part 1: Introduction)

Announcement from the EAA organiser: 

For an insurance company, ensuring the proper coordination between assets and liabilities in order to achieve targeted financial objectives is of paramount interest. A strategy used to reach such objectives is "asset and liability management" (ALM in short). ALM can therefore be viewed as any ongoing process that defines, implements, and monitors financial strategies to manage assets and liabilities together.

In recent years, the modelling tools used in ALM strategies have become increasingly sophisticated and the technical aspects of current insurance regulation have increased. As a result, some ALM aspects have become more and more difficult to understand and master.

The aim of this training is to

• Define what ALM is and describe the typical missions of an ALM department in an insurance company
• Present the financial risks on which ALM classically focus as well as the requirements of the Solvency II regulation for insurance companies
• Describe the essential quantitative ALM tools and methods used by insurance companies to evaluate and mitigate the risks
• Illustrate the different concepts through numerical examples and case studies to make it practical and not just theoretical

This ALM training starts with a first part that is primarily an introduction to main concepts of ALM and is therefore particularly suited for participants coming from different departments (for instance, people dealing with own risk solvency assessment techniques or enterprise risk management) and wanting to develop a broader view on what ALM is and how it works. It is also well suited for newcomers or people wanting to refresh their mind on these concepts. Note that the training is not limited to people working in ALM or treasury departments but is also adapted to other departments. 

The training will alternate between methodological concepts, practical examples and case studies in order to ensure a comprehensive understanding of the techniques presented.

The instructor-led sessions will take place online over three days between 9:00 and 12:30.

The participants will be requested to look at two e-learning capsules (of around 30 minutes each):

• Introduction to financial products
• Main principles of asset and liability management

The e-learning capsules contain pedagogical presentations of the concepts with examples. They can be followed by the participants whenever they want between the web sessions, as pre-requisites.

The participants will perform exercises and case studies in Excel.

Examples in e-learning capsules and case studies are based on experience with Belgian companies but are not specific to Belgium and are rather applicable to most European countries.

Click here to make a registration. The early-bird registration fee for attendees with a non-company billing address is € 714.00 for bookings by 5 August 2024. After this date, the fee will be € 928.20.