HK's new RBC regime deepens collaboration between investment, ALM teams

Investment chiefs at AIA Hong Kong, Chubb Life, and BOC Life stress the importance of greater integration between investment and asset-liability management (ALM) teams to ensure portfolios are well managed under Hong Kong’s new risk-based capital regime (RBC). However, they also highlight the need to maintain some separation in order to avoid tensions when conflicts in views arise. “It is very important — under all these types of [RBC] regimes — to have much greater integration …