Important Points for IC 99 - Asset Management Exam
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Liquidity risk will be categorised separately and will not be categorised as market risk.
Life insurance companies have to submit data with respect to the assets and liabilities in Table-ALM format to the IRDAI on a quarterly basis.
In Indian life insurance business, more than 97% of claims are maturity claims only 3% are accidental claims.
In insurance business, an insurer always attempts to pursue investment strategies that focus on creating value for both policyholders and shareholders and avoiding excessive risk taking.
Central Government Securities and Approved Investments are two major avenues of investments by life insurers.