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
Click here. (Note: timing via that link is in CEST [Central European Summer Time].)
Professor Pierre Devolder is a founder and the current president of the board of Reacfin. He holds a MSc and a PhD in Mathematics as well as a MSc in Actuarial Science. He is an ordinary professor at the University of Louvain-la-Neuve (UCL). His activities and research are focused on quantitative finance and pension theory.
Adrien Lebègue is a director at Reacfin. He is a mathematician and holds a PhD in Actuarial Science from the Université catholique de Louvain. He is also an Invited Lecturer at the University of Antwerp and a Qualified Actuary of the Institute of Actuaries in Belgium (IA|BE). He is in charge of the Risk Management & Finance Center of Excellence at Reacfin.
Gilles Tondeur is Associate Partner and member of the Risk Management & Finance Center of Excellence at Reacfin. He is an experienced multilingual Risk and Finance professional combining strong analytical, leadership and commercial skills. He has a track record of successfully managing complex, multi-facetted projects in capital markets, retail banking, insurance, financing, investment, Asset-Liability and treasury management, risk management, data quality management, financial accounting, regulatory reporting, capital management, energy and real estate financing.