An additional line of defense against unexpected underwriting losses is the insurers investment income from its asset
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An additional line of defense against unexpected underwriting losses is the insurer’s investment income from its asset portfolio plus any new premium income flows.
Consequently, falling asset values (e.g., due to a stock market decline) can threaten the solvency and safety of firms in the insurance industry.
LO.1
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Related Book For
Financial Markets And Institutions
ISBN: 9781259919718
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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