Liquidity Risk - Relevance to Actuaries [11]

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Bullet points include: So is liquidity risk (apart from more general lessons on design of stress tests) a side-show for most actuaries? Who mainly advise longer-term institutions such as insurers and pension funds on their liabilities. No! Some such institutions are, in any case, shorter term, e.g. GI insurers. And/or invest in assets or vehicles with embedded liquidity risk. And/or coexist with other players more exposed to such risks. And impact of liability liquidity risk can be large for such institutions

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