Asset Liability Matching (ALM)

  • Assumptions regarding long-term expected returns play a critical role in Asset/Liability Management (ALM) of financial institutions.
  • This article questions the validity of assumptions regarding long-term expected returns used by many financial institutions at the present time.

2003 - Are We In A Different Market Paradigm?, Society of Actuaries

  • The situation is always very fuzzy without a great deal of background knowledge as to what the value of the assets is in their case, and how it matches up against the liabilities.

--  Thomas S. Sutton (Pacific Life / ACLI)

  • Insurance Company Insolvencies