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Available terms: |
Description:
Alternative risk transfer
A form of risk transfer of insurance liabilities through the capital markets.
Asset concentration risk
The risk of adverse changes in the value of capital resources due to the lack of diversification in the asset portfolio.
Asset-liability management (ALM)
An insurer’s coordination of decisions and actions taken with respect to assets and liabilities through the ongoing process of formulating, implementing, monitoring and revising strategies related to assets and liabilities to achieve the insurer’s financial objectives, given the risk appetite and other constraints. |