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Chief financial officers (“CFOs”) from North American life insurance companies are starting to reassess their capital management practices in order to make their programs more efficient, according to a new life insurance CFO survey conducted by Towers Watson. Nearly two-thirds of the survey respondents said their companies recently redefined their risk appetite or were considering doing so in the near future.

The survey also found that CFOs were shifting from traditional stand-alone capital measurements toward the use of multiple metrics, with economic capital expected to play an increasingly important role. Almost half indicated that satisfying rating agencies was the primary driver in determining capital requirements.

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