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.

Asset Management Exam

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