Surrenders in the life insurance industry and their impact on liquidity

Record image
MARC record
LDR  00000cam a22000004b 4500
001  MAP20120038806
003  MAP
005  20120906125516.0
008  120906s2012 che|||| ||| ||eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎341
100  ‎$0‎MAPA20110016944‎$a‎Haefeli, Daniel
24500‎$a‎Surrenders in the life insurance industry and their impact on liquidity‎$c‎edited by Daniel Haefeli and Wilhelm Ruprecht
260  ‎$a‎Geneva‎$b‎The Geneva Association‎$c‎2012
520  ‎$a‎Customers generally buy life insurance policies for long-term purposes. In contrast to other financial products, customers do not generally expect liquidity from life insurance policies at any given time but rather at predetermined times. They have disincentives to surrenderif there is an option to surrender at all. Insurance companies are nevertheless prepared to deal with the unlikely and have put comprehensive liquidity management routines in place. On a rolling basis, companies regularly check whether they have sufficient liquidity to stand panic surrender scenarios, including testing these scenarios in times of adverse capital market developments. For scenarios in which company specific risk tolerance levels are breached, contingency plans are developed. The implementation of sound liquidity management is an accepted good practice and not just a regulatory requirement. It is also enforced by rating agencies as it has become an object of scrutiny
650 1‎$0‎MAPA20080570590‎$a‎Seguro de vida
650 1‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 1‎$0‎MAPA20080547967‎$a‎Liquidez
650 1‎$0‎MAPA20080585518‎$a‎Gestión de activos
650 1‎$0‎MAPA20100037638‎$a‎Derecho de rescate
650 1‎$0‎MAPA20080607739‎$a‎Planes de contingencia
650 1‎$0‎MAPA20080597641‎$a‎Mercados financieros
650 1‎$0‎MAPA20080579814‎$a‎Crisis financiera
7001 ‎$0‎MAPA20120021853‎$a‎Ruprecht, Wilhelm
7102 ‎$0‎MAPA20080445805‎$a‎The Geneva Association