ALM focus rising among Asian insurers

Homegrown Asian insurance firms – and often non-Asian companies operating in the region – tend first and foremost to develop products they believe will sell, assuming they will be able to buy assets to match the liabilities they have taken on. This remains the widespread approach, and one that is unlikely to change any time soon. But some firms recognise that a stronger focus on asset-liability management (ALM)* may be wise if they are to avoid the kind of ALM mismatch issues they…