Notional hedging of unit-linked liabilities: tread lightly

Notional hedging can help achieve a lower capital requirement and more investment freedom. But there are a number of isues that need to be considered before moving with this ALM tool, warns advisory firm Willis Towers Watson in a report.

Goodbye gilts as Solvency II shifts asset allocation

Prompted by Solvency II, some insurers have moved out of government bonds and into swaps and short-dated government or corporate bonds. But the swap-based approach is not without its challenges, as Sarfraz Thind reports

Why asset managers should care about TAS

Complying with the FRC's technical actuarial standards is ultimately the responsibility of insurers but asset managers can help ensure that the data used in Solvency II calculations meets the TAS, explains Pamela Hellig