Important Points for IC 99 - Asset Management Exam
Page 13 Of 109
Go to:
Treasury Management model takes into account future cash flows and brings together the asset and liability components of the strategy.
As per statutory provisions all insurers must maintain Required Solvency Margin at all times.
In India every insurer is required to maintain a Required Solvency Margin (RSM) as per Section 64VA of the insurance Act, 1938. Every insurer shall maintain an excess of the value of assets over the amount of liabilities of not less than an amount prescribed by the IRDA, which is referred to as a Required Solvency Margin.
It is ALM that takes into all developments in the international finance and assesses the financial risks of international finance, associated with the asset liability management.
Life insurers often have to meet a known liability with known or unknown timing in the form of maturity amount or accidental claims.
MODELEXAM® 
www.realsoftinfoplan.com