Regulatory Alerts2007-07-02
Guidance Paper No. 4 on Asset-Liability Management in Insurance
The National Bank of Serbia issued this guidance to establish an integrated system for managing asset-liability risk in insurers, aligning domestic operations with International Association of Insurance Supervisors principles. The document requires insurers to implement comprehensive strategies that address market, liquidity, and underwriting risks through dynamic monitoring, scenario analysis, and appropriate organizational structures. It further mandates that boards approve ALM policies while senior management ensures implementation, supported by robust internal controls and reporting mechanisms to safeguard solvency and stakeholder interests.
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