Life insurers are adjusting the way they calculate capital requirements a new study from New York-based Towers Watson finds. The report, Evolving Capital Management Practices, queried 30 CFOs and found they expect to make greater use of economic capital when determining capital requirements.
“Capital management is becoming a top priority for many companies,” Jack Gibson, leader of Towers Watson’s life insurance consulting practice in the Americas said in a statement. “That more than three-quarters of CFOs (77%) said that capital management practices — primarily determination of capital requirements, monitoring of capital position and management of capital levels — are receiving greater attention at their companies than they were in January 2008, speaks volumes to where they are focused.”
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