Introduction to Liability Management

This session will be the mirror image of the Asset Management Session, and it is strongly urged that both sessions be attended for maximum benefit. Various issues related to interest rate risk management will be discussed such as duration, convexity, and cash flow testing in connection with liabilities. This session will cover construction of the payout pattern and considerations of the calculations such as stop losses, workers’ compensation discount, and salvage/subrogation. Finally, a discussion of the interaction of asset and liability management will be presented.