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Our Approach to Risk Management
Every investment carries some form of risk. AIR Asset Management has developed risk identification procedures and corresponding mitigation strategies specifically tailored to the longevity-based asset class. Whether allocating to external managers, lending opportunities, purchasing insurance policies, or investing directly into structured investment vehicles, we strictly adhere to the basic components of risk management.
Longevity Risk
The primary risk encountered by investors. It is managed by obtaining viable reports from medical underwriters and maintaining a diversified portfolio of policies with underlying impairments and life expectancies.
Liquidity Risk
Many fund structures have broad-based risks. Depending on the structure of an underlying fund or portfolio, managing liquidity for ongoing obligations such as premiums and operational expenses is critical.
Market Rate Discount Risk
This risk applies to portfolios that are mark-to-market. Actively trading policies in the portfolio can help mitigate this risk.
Insurance Carrier Credit Risk
This risk is less prevalent but applicable to all life settlement investments. Diversification is the key to mitigating insurance company credit risk.