Important Points for IC 99 - Asset Management Exam
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The investment policy defines, determines and specifies the investment objectives. Importantly all insurance companies do have their own investment policies defining the plans, process, and objectives of investments.
Objectives of investments include : Investment income - Capital appreciation - Capital gains - Safety of principal - Risk and return - Liquidity - Tax considerations
Asset management involves analysis and portfolio management. This function can be performed in a bank, insurance company, mutual fund etc. wherever investors money has to be managed.
Asset Management policy and practice plays a very important role in mutual fund industry. It helps in achieving the basic objectives of high return, good liquidity and required security of all investments.
The IAIS Standard No. 13 states that insurance companies may be the birthplace of ALM and certainly have been the model of ALM discipline because of the heavy regulations imposed on them.
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