Allianz plans local ALM teams, flags ULP challenges
The German insurer is among a growing number of firms in Asia putting more focus on asset-liability management.
Matching assets to liabilities in Asia has always been a big challenge due to the relative lack of long-duration bonds and low interest in unit-linked products (ULPs). And the low-interest-rate, low-yield environment in recent years has made things even more difficult.
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