Time to review your insurance strategy: the cost of risk
Article Abstract:
British local governments are urged to reevaluate their risk insurance program. The need for an immediate and detailed examination of the cost of risk of local authorities resulted from Municipal Mutual Insurance's (MMI) decision to limit liability claims. MMI will cover only claims of local authorities amounting to 100,000 pounds sterling and higher. MMI is the chief provider of local government's liability insurance. Some points to consider in dealing with risk insurance management are presented.
Publication Name: Public Finance and Accountancy
Subject: Business
ISSN: 0305-9014
Year: 1992
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A new structure for managing investments
Article Abstract:
Lincolnshire, England has adopted the practice of employing investment advisers to manage pension trust investments. The practice, which originated in the US, allows a tactical asset manager to adjust fund investment positions in various asset classes, geographic areas and currencies based on derivatives from future contracts and options. This allows better accountability and establishes clear performance targets among fund managers. The process is also more cost effective and efficient.
Publication Name: Public Finance and Accountancy
Subject: Business
ISSN: 0305-9014
Year: 1992
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Overseas investment and currency risk
Article Abstract:
International investments involve currency risk factors. Local currency movements must be considered in overseas investment decisions. Currency risks can be minimized by hedging and concentrating portfolios in stock markets. On the other hand, these risks can be used as opportunities in diversifying assets in several countries, particularly those with strong currencies. Countries showing strong economic growth and with less volatile exchange rates are usually lucrative equity markets.
Publication Name: Public Finance and Accountancy
Subject: Business
ISSN: 0305-9014
Year: 1992
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