BFL Loan Loss Provision and Operating Expenses
BALIC: Risk Management
RISK MANAGEMENT
Product Pricing
BAJAJ Allianz
☐ Prudent assumptions while pricing.
☐ Stress and scenario testing performed at pricing stage
Regular review of pricing based on prevailing interest.
rates
☐
Asset Liability
Management (ALM)
Ongoing Risk
Management
☐ ALM focused on cashflow matching & achieving an
immunized portfolio
☐ Interest rate risk on the Individual Non-Participating and
Annuity portfolio managed through partly paid bonds,
and Forward Rate Agreements
Prudent interest rate assumptions to ensure adequacy
of statutory reserves
condition monitoring, periodic
☐ Periodic product condition
sensitivity & stress testing
☐ Regular monitoring of business mix
☐ Mortality risk is managed by diligent in-house
underwriting,
analytics driven risk
scoring and
appropriate reinsurance arrangements
☐ Additional provisions set out for COVID claim s
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