Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Market-Valuation Methods in Life and Pension Insurance

Market-Valuation Methods in Life and Pension Insurance

Steffensen, Mogens
Moller, Thomas

Hardcover

Series: International Actuarial Science

Business General

ISBN10: 0521868777
ISBN13: 9780521868778
Publisher: Cambridge University Press
Published: Jan 18 2007
Pages: 294
Weight: 1.15
Height: 0.80 Width: 6.20 Depth: 9.00
Language: English
In classical life insurance mathematics the obligations of the insurance company towards the policy holders were calculated on artificial conservative assumptions on mortality and interest rates. However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if traded in a free market. The book describes these approaches, and is the first to explain them in conjunction with more traditional methods. The various chapters address specific aspects of market-based valuation. The exposition integrates methods and results from financial and insurance mathematics, and is based on the entries in a life insurance company's market accounting scheme. The book will be of great interest and use to students and practitioners who need an introduction to this area, and who seek a practical yet sound guide to life insurance accounting and product development.

Also from

Moller, Thomas

View All

Also in

Business General

View All