Table of Contents - Euromoney Institutional Investor PLC

CONTENTSChapter 12: Asset/liability management of credit unions 162Ralph E. ReardonIntroduction 162Assessment methodology 162Evaluation of the ALM model and assumptions 165Core share valuation methodology 166Quantification of interest rate risk to capital 167Major assumptions 173Conclusion 174Part V: Asset/liability management of insurance companies 175Chapter 13: Creditworthiness and asset/liability management ofinsurance companies: a rating agency perspective 177Robert Riegel and Joel LevineIntroduction 177Rating methodology 177Qualitative factors 179Quantitative analysis 182Ratio analysis cannot capture all forms of financial risk 196Blending qualitative and quantitative factors 196Conclusions 197Chapter 14: Asset/liability management for life insurers:lessons learned and future directions 198Anson J. Glacy, Jr and Andres E. VilmsIntroduction 198Life insurance product types 198Life insurance investment practices 200Financial reporting considerations 201Historic metrics and methods 202The events of 2002 and their aftermath 207Future directions 208Conclusion 213Chapter 15: Portfolio benchmarks for property-casualty insurers:an asset/liability application 214James E. BachmanIntroduction 214The P&C industry and its common fixed-income benchmark 215ALM as a benchmark development tool 219Impacts of equities, changing underwriting results, and leverage 223P&C segment-specific customized benchmarks 226Summary 229viiiAsset/Liability Management of Financial Institutions: Maximizing Shareholder Value through Risk-Conscious Investing – Contentswww.euromoneybooks.com© Euromoney Institutional Investor PLC