Insurance ALM

Insurance asset–liability management connects an insurer’s investment portfolio to the timing, currency and uncertainty of its liabilities. Interest-rate and credit-spread movements can affect both sides of the balance sheet, although rarely in the same way. Capital, liquidity, hedging, reinsurance and the regulatory valuation basis shape the choices available to an investment and finance team.

This section covers insurance ALM, solvency capital, balance-sheet management and the market data used to track them. It reports on changes in asset allocation, liability management, capital structures and regulatory policy. Readers looking at the current regulatory liability adjustments can use the sterling and euro volatility-adjustment pages, and the Economic Dashboard provides the rates and spread series that frame many reported balance-sheet movements. The coverage includes both company disclosures and the wider regulatory or market conditions that shape them. Articles are organised as developments emerge from companies, regulators and market data, with dates and sources made clear.