Property and Casualty Insurance Solvency and Investments - Playing the Game [Review]

Paul Otteson has presented a paper on investments and their implications in Property/Casualty insurance decision making. These investments also affect the "real" net worth of a company and a stock investor's decision to buy, sell or hold insurance equities. Paul covered a lot of territory and I would have hoped that some specific subjects would have been covered in more detail. But it was refreshing to read a paper from an actuary where he was primarily concerned with the asset side of the house. Most insurance professionals are very much involved in the underwriting, actuarial and marketing functions of an insurance operation. And unfortunately, in most Insurance operations, assets are managed at a very long arm's length distance from the liability and operational sides of the house.