How important do you think it is to study insurance and/or banks for the test? I’ve glossed over them and would probably do horribly if there was an IPS question on these. They don’t seem to be heavily tested. What do you guys think?
Know their characteristics. Banks ST liquid securities, easier to adjust duration through security portfolio than A/L, etc.
p&c higher liquidity than life insurance, higher tail risk, higher inflation risk, etc
They’re important only if they appear in an institutional wealth management question on June 23.
If they don’t, I would recommend not studying them. Waste of time.
I get it. Can’t take any chances. Thanks all.