Application of Derivatives in Portfolio Management by the Insurance

Stoimenka Tonova ()
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Stoimenka Tonova: NBU, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2015, issue 1, 64-80

Abstract: Derivatives find broad application in the portfolio management process of many institu­tional investors. Having in mind the conservative investment profile and the numerous regulatory restrictions concerning their investments, the insurance companies were not among the pio­neers in this type of activity. During the last two decades the situation has changed and many insurers have discovered derivatives as a use­ful tool for more efficient portfolio management. Still there are a lot of problems and difficulties in this area but benefits could be substantial and the significance of derivatives for the investment policy of the insurance companies is expected to increase in the future.

Keywords: derivatives; risk; insurance (search for similar items in EconPapers)
JEL-codes: G11 G22 G32 (search for similar items in EconPapers)
Date: 2015
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