ALM for insurers in the ‘new world’

Kennisbank •
Robin Zeeman AAG, Marcel Smith PhD FRM, Jeffrey Hennen RMFI

Asset Liability Management (ALM) was and is a very important part of the investment cycle of insurance companies. However, the goals and complexity of performing ALM and defining the right investment policy changed significantly over time.

ALM for insurers in the ‘new world’

In the past, the focus was on optimizing between risk and return. However, since the introduction of Solvency II and pressure on the business models and sustainability, the optimization question now contains more variables and has become much more complex.


In this article we describe the key trends and developments in ALM and investment policy of insurance companies. We also explain how insurance companies respond with new tooling and less complex approaches to perform thought-through investment decisions.

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