Capital allocation and performance measurement: a case study

David King~Kenneth McGaughey, United-Kingdom

This paper summarises how the life industry’s approach to capital allocation is changing and sets out a capital allocation framework based on economic value. The paper then goes on to discuss the internal measurement of value. This is illustrated with a case study drawn from the experience of Standard Life in implementing a capital management framework, including a consideration of how performance can be measured. The paper concludes with a discussion of the benefits and challenges of implementing a capital allocation framework.
Date: 2 June - Time: 8:30 to 10:00 - Room: 341
Theme: 9.A. Various topics