answersLogoWhite

0


Best Answer

AUm of insurance companies is total investments recorded in the balance sheet plus the asset held to cover linked liability

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does the term 'assets under management' mean in insurance industry?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Management

Crisis management- which greek businesses were under crisis?

banking industry


What do managers usually ask under leadership and management styles?

Under leadership and management styles, managers usaually ask what and when


Difference between professional and traditional management?

under Traditional management ownership and management/control stay with the same persons. In Professional management, ownership and management may differ. ex: Take Joint stock companies - Owners are the shareholders whereas the management is taken care by managerial personnel who are professionals


What is the therapy of planning management?

There is no therapy for planning management however there is medication therapy management. This is part of Medicare's Part D prescription drug plan that is required under the Medicare Modernization Act of 2003.


Describe the difference between Enterprise Environmental Factors and Organizational Process Assets Provide an example of each?

Enterprise Environmental Factors -Internal and External Guidelines under which organisation WorksThese are Systems on which a company works ( not the data )If something is an E.E.F , then you already know that it is 100 % likely to happen, because it is part of how company is structured.E.E.F are Made ofMandatory WorkGood PracticesCultural NormsOrganisational Process Assets -Assets ( Learning ) which we have acquired from doing the things and which we can use in our new projects"Why Re-invent the Wheel" , why waste time in think again , when we can use and mould the items previously usedWe use OPA to improve Management of the Project and we Manage with in the constraints and guidelines established by E.E.FRajan Kumar Hansrajankumarhans@gmail.com

Related questions

What is the difference between Assets under management and Assets under administration?

Asset Under Management are investment funds and pools managed by a fund manager. Investment decisions for these assets are made by the fund managers; the only decisions from the clients would be whether or not to own the fund. Assets under Administration are client accounts in Wealth Management. Investment decisions, either at the strategic or tactical levels, are made by the account owners.


Does insurance go under assets or liabilities?

If insurance paid in advance then it is asset but if insurance benefit taken and payment not made then it is liability.


What is typically covered under small business insurance?

Small business insurance is geared to industry so what is covered will depend on what industry you are in and which insurance company your policy is supplied from.


What is the characteristic of a nationalised industry?

nationalisation, is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state.


Crisis management- which greek businesses were under crisis?

banking industry


How do money managers like Fisher Capital Investments Management make money ficom?

They base their fees on a percentage of clients' assets under management.


Where does prepaid insurance go on the multiple-step income statement?

A prepaid expense such as insurance is an operating cost and thus would be recorded under operating expenses


On what basis are fund advisers compensated?

Most fund advisers receive a fee for stock selection and portfolio management activities based on the average value of the assets under management.


Does the person who is named Beneficiary on a Life Insurance Policy have to split the money if they are sole beneficiary on the Life Insurance Policy however in the Will states that assets be divided?

If the insured has died the proceeds from the insurance will be paid AS STATED IN THE POLICY. The proceeds of the claim are not part of the assets of the deceased's estate.


What is under insurance over insurance?

Under insurance is not carrying enough insurance to cover your assets in the even of a liability claim or not carrying enough insurance to satisfy your bank / lienholder. Over insurance is carrying more insurance than you need. This is more common with home insurance. For example, insuring a 1000 square foot house for 1,000,000, would be considered more insurance than you'd ever need.


What is difference between Assets under management and assets under custody?

If you are a person who owns financial assets and does not have expertise or time to manage them, you usually seek the professional management service. It may be a mutual fund, hedge fund, or brokerage house. This is when you put your assets under management. Such mangers make decisions when to sell, buy, or leverage your assets, but usually don't have the willingness or legal authority to hold your assets. They only mange them. This is why before they start mange the assets, they instruct you to transfer or physically send your assets to a different and frequently associated with them financial institution like a large bank. These large banks hold the assets physically or convert them into the so-called 'street name,' where your assets like stocks or bonds exist only as electronic data. These custodians have legal authority to hold your assets and are also responsible for reporting tax and legal implications to the appropriate government agencies. They report suspected money laundering cases or gains and losses on asset sales, for example. In case of underage children being in position of assets, the assets are usually put by a giving entity under the supervision of a trusted adults or institutions, which become custodians of assets for the benefit of the children. They are responsible for both safe keeping and management, and, usually, they follow the path described in the first paragraph. In such situation, you could speak of two custodians and a manager: custodian (e.g., a trusted adult) who chooses a manager, a manger who makes investing decisions, and a bank/custodian that holds assets physically or in "the street name.'


With what responsibilities are agency CFOs entrusted under the Chief Financial Officers Act of 1990?

directing the design of agency financial management systems and enhancement projects as well as overseeing assets management systems that encompass cash management, debt collection