EAA Web Session: Assets and Liabilities Management Part 2: Advanced
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].)
Catherine Chatelain is a Manager within the Risk & Finance Center of Excellence at Reacfin. She holds a Bachelor in Mathematical Sciences (magna cum laude) and a Master in Actuarial Sciences (magna cum laude). Catherine joined Reacfin in September 2016, right after her studies. She had the opportunity to be involved in several projects including Solvency II computation processes, Economic Scenario Generators and strategic asset allocation studies. She also gained experience in other actuarial topics related to life and pension products such as valuation of a pension funds’ liabilities, cash flow modelling and on a monitoring and projection tool of a company’s group insurance. Catherine has been active on IFRS 17 related topics as well by supporting the teams of several insurance companies in their implementation of the standard, and through internal projects and trainings at Reacfin. She co-writes the regulatory watch published every month by Reacfin, which monitors and summarizes the key developments in insurance-related and financial regulations in the European Union. Catherine is a qualified actuary of the Institute of Actuaries in Belgium (IA|BE).
Natacha Brouhns is a Managing Partner of Reacfin. She holds multiple degrees including a PhD. in Actuarial Science, MSc Actuarial Science (Magna Cum Laude), MSc. Electro-technical Civil Engineer (Magna Cum Laude), Postgraduate in Statistics (Summa Cum Laude) as well as a degree in Philosophy. Natacha is author of several publications in actuarial science both for Life and Non-Life topics. Natacha has gained deep experience in Life and Non-Life insurance industry as a modeler and validator. She has developed several ALM models for Life insurance companies and has therefor mastery as much on the liability side as on the asset side of the balance sheet. She is coordinating all learning activities at Reacfin. Natacha is a certified member of the Institute of Actuaries in Belgium (IA|BE).