Hi everyone! I’m interviewing with an Alternative Asset Manager for the analyst position focus on the insurance business. I’m a fully qualified actuary and currently I’m working in the insurance team in a CRA. Given my background I’ve a strong knowledge of the insurance sector, but I’m not involved in the portfolio valuation. The next step should be a case study, probably a run off/legacy model for a closed book.
Does anyone of you have a better view in how to create a valuation model for a portfolio in run off? What are the initial data? Can you recommend any pdf documents or excel template? Any advice is welcome and happy to share my knowledge with all of you
https://pages.stern.nyu.edu/~adamodar/pdfiles/papers/finfirm09.pdf
Read that and you should be good. He also has a video on valuing DB which is pretty good.
It’s basically your distributable earnings discounted at the cost of equity. Distributable earnings is net income - change in required capital
what does CRA mean? Is this for a MF?
Credit Rating agencies, so the mains are S&P, moodys and Fitch
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