Implicazioni di IFRS e Solvency II sull'asset-liability management nelle compagnie di assicurazioni vita

Asset liability management (ALM) techniques are widely used by life insurance companies to ensure that assets and liabilities in the balance-sheet are aligned in terms of maturity or duration: this is done with the aim of protecting the company from adverse movement in financial variables, such as interest rates. This work, after analyzing the main ALM techniques used by insurers, decribes the three fundamental regulatory frameworks related to measurement of assets and liabilities, namely IFRS 9, IFRS 17 and Solvency II, and what can be their implications on the way the comapny manages its assets-liabilities position.