Investment Strategies Employed by Insurance Companies

In the realm of institutional portfolio management, insurance companies play a crucial role in managing their investment portfolios to meet their policyholder obligations while maximizing returns.

One important consideration for insurance companies is the matching of their assets with their liabilities. This is particularly essential in ensuring that they can fulfill future claims made by policyholders.

Which of the following investment strategies is most likely to be employed by insurance companies to manage the risk associated with their policyholder liabilities?