| Noboyuki Murai | ||||||||||||
| Japan | ||||||||||||
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| Date: Thursday, March 21 |
Session: 75 |
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Life |
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Summary Financial liberalization generally increases the volatility of the yields life insurance companies will earn on their assets under management. Such insurers must reduce this high volatility in an efficient manner. Corporate asset investment managers must therefore forecast the yield on an investment, its volatility, and the correlation between different asset investments. The inherent complexity of the financial market makes it extremely difficult to make such projections. However, through the management of a life insurance company, we can understand how these three indicators are related to one another by using the OMNI model, which this paper is intended to delineate. |
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