Strategic ALM for Insurance Companies: Optimizing Financial Matching
Strategic Asset-Liability Management (ALM), known in the insurance world as financial matching, is one of the most critical pillars for the financial health, solvency, and long-term performance of insurance companies. Its main goal is to align the characteristics of assets (investments) with the timing and nature of liabilities (policyholder obligations), optimizing capital efficiency while minimizing financial mismatches that can jeopardize the firm’s stability.
Historically, ALM practices emerged in the banking sector as a response to interest rate volatility and liquidity pressures. However, insurance companies, especially life and pension insurers, adopted and expanded the concept to include long-term liability-driven investment strategies, adapting them to the distinct risk profile and longer duration of their commitments. Unlike banks—which manage short-term deposit outflows—insurers deal with long-term promises, such as annuities and death benefits, that require carefully tailored investment portfolios.
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2025-08-22
Vie - Sab
Descripción
This intermediate-to-advanced workshop is designed to equip insurance professionals with the strategic, technical, and governance-oriented tools required to develop and execute sound ALM frameworks that align long-term assets with liabilities, support capital efficiency, and strengthen financial resilience.
By the end of the course, participants will be able to:
Understand the historical evolution and strategic importance of ALM in the insurance context
Apply quantitative techniques to measure mismatches and optimize the asset portfolio (duration/convexity matching, gap analysis, scenario modeling)
Interpret regulatory solvency requirements and their connection to ALM (Solvency II, CNSF models, ORSA, dynamic solvency tests)
Design and communicate ALM strategies to internal committees and boards, integrating both financial and risk management perspectives
Set up or strengthen internal ALM governance through cross-functional committees, policies, and reporting structures
Develop actionable ALM dashboards and reports to inform management and satisfy regulatory expectations
Dirigido a:
Insurance professionals in actuarial, risk, finance, or investment roles
ALM and treasury analysts, portfolio managers handling insurance mandates
Executives and committee members involved in capital management, product strategy, or investment decisions
Regulatory professionals, supervisors, and risk consultants advising insurance companies on ALM, solvency, and ERM
External advisors and consultants supporting insurance firms with investment, actuarial, or risk modeling services
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