NU Online News Service, Nov. 12, 2003, 4:55 p.m. EST – LOMA, Atlanta, has published “Asset-Liability Management Challenges Facing The Life Insurance Industry,” a report by Stephen Forbes that discusses the problems involved with using traditional accounting formats to analyze life insurers’ assets and liabilities.
Ordinary accounting statements usually leave out the possibility that policyholders might withdraw funds early and that debt issuers might exercise options to pay off debts early, Forbes says.