Florin Ginghina
Consultant
London, UK
Publications
Read their latest work
Article
欧州の生命保険会社における証券化資産：ニッチだが重要性を増しつつある資産
01 June 2026 - by Florin Ginghina
本稿では、証券化商品が、低スプレッドかつ長期負債という課題への対応にどのように役立つのか、また同等の社債と比べてどのような利点を有するのかについて論じます。
Article
Securitisation assets for European life insurers: niche but increasingly relevant
01 June 2026 - by Florin Ginghina
We discuss how securitisations help address the low-spread, long-liability challenge, offering advantages over equivalent corporate bonds.
Article
The case for matching adjustment in Europe: Untapped potential and insights from the UK
01 June 2026 - by Matthew Ford, Florin Ginghina
We examine how matching adjustment in Europe can help insurers better align asset and liability valuation and support a more realistic balance sheet.
Article
欧州におけるマッチング調整の意義:未活用の可能性と英国の事例から得られる示唆
01 June 2026 - by Matthew Ford, Florin Ginghina
本稿では、欧州におけるマッチング調整が、保険会社による資産と負債の評価の整合性をより高め、より実態に即したバランスシートを支える上で、どのように役立ち得るかを考察します。
Article
英国の年金一括買取保険会社の2025年期末決算：市場安定化の兆し
27 March 2026 - by Florin Ginghina, Claire Booth, Kelly Yang, Mirakh Modasia
年金の一括買取に関する取引水準は落ち着いたものの、収益性は堅調に維持されており、2026年の見通しも明るそうです。
Article
UK bulk annuity insurers’ year-end 2025 results: Signs of a steadying market
27 March 2026 - by Florin Ginghina, Claire Booth, Kelly Yang, Mirakh Modasia
Activity levels ease, but profitability remains solid, with an encouraging outlook for 2026.
Article
Complex assets in insurance and annuity industries
16 February 2026 - by Lucy Ouyang, James Stoltzfus, Valea L. Coyne, Ken Qian, Florin Ginghina, Fiona Ng, Tushar Mittal, George Zumanu, Emmanuel Boamah, Jie-Hee Park, Daniel Maka
Structured credit is no longer a niche allocation for life insurers — it’s becoming core to SAA strategy.
Article
Asset and liability management survey 2025: Asia
08 December 2025 - by Julian Man, Clement Bonnet, Alex Bryant, Takanori Hoshino, Hiroki Koizumi, Chihong An, Sung Hoon Kim, Linda Jin, Jaden Chiu, Michelle Lai, Lucy Ouyang, Florin Ginghina
Insurers in Asia are taking a more proactive approach to ALM, according to our 2025 survey of companies in the region.
Article
資産・負債管理に関する調査: 2025年アジア
08 December 2025 - by Julian Man, Clement Bonnet, Alex Bryant, Takanori Hoshino, Hiroki Koizumi, Chihong An, Sung Hoon Kim, Linda Jin, Jaden Chiu, Michelle Lai, Lucy Ouyang, Florin Ginghina
ミリマンが2025年にアジアの保険会社を対象に調査した結果から、同地域の保険会社は、一層積極的にALM（資産・負債管理）を実施していることが明らかとなりました。
Article
UK bulk annuity insurers’ half-year 2025 results: Key themes arising
05 September 2025 - by Florin Ginghina
We review significant market events and trends in new business volumes, examine the prevalence of back-book optimisations, and look ahead to the rest of the year.