Is the duration of the surplus portfolio of a LI company affected by the duration of its liabilities? I know that it has to match the duration of its assets to match the duration of its liabilities. Does that apply to the surplus portfolio as well ?
Is the duration of the surplus portfolio of a LI company affected by the duration of its liabilities? I know that it has to match the duration of its assets to match the duration of its liabilities. Does that apply to the surplus portfolio as well ?