Global insurance companies revolutionize financial management for increased profitability and stability.
Insurance companies are facing changes that increase competition and emphasize the importance of managing financial risks. The study questions whether it's better to manage risks and investments separately or adopt a global approach called Asset and Liability Management (ALM) for long-term value creation and profit stability. The focus is on understanding how financial and technical activities are connected in insurance companies to improve overall profitability and solvency.