The Fair Value of Insurance Liabilities

This book explores theoretical and practical implications of reflecting the fair value of liabilities for insurance companies.

The Fair Value of Insurance Liabilities

This book explores theoretical and practical implications of reflecting the fair value of liabilities for insurance companies. In addition, the contributions discuss the disclosure of these values to the financial and regulatory communities and auditing firms which are actually calculating this illusive but important variable. It combines contributions by distinguished practitioners from the insurance, accounting and finance fields, with those of prominent academics. One of the central themes of the collection is that adequate disclosure of the true economic value of insurance company liabilities is both possible and desirable. Wherever possible, the insurance valuation process is wedded with modern financial theory. For example, the use of option pricing theory is applied to insurance companies, where the true value of the firm's liabilities is a critical variable. Methods such as cash flow, earned profit and indirect discount are explored.

More Books:

The Fair Value of Insurance Liabilities
Language: en
Pages: 382
Authors: Irwin T. Vanderhoof, Edward Altman
Categories: Business & Economics
Type: BOOK - Published: 2013-04-17 - Publisher: Springer Science & Business Media

This book explores theoretical and practical implications of reflecting the fair value of liabilities for insurance companies. In addition, the contributions discuss the disclosure of these values to the financial and regulatory communities and auditing firms which are actually calculating this illusive but important variable. It combines contributions by distinguished
The Fair Value of Insurance Business
Language: en
Pages: 322
Authors: Irwin T. Vanderhoof, Edward I. Altman
Categories: Business & Economics
Type: BOOK - Published: 2012-12-06 - Publisher: Springer Science & Business Media

Insurance companies, as well as banks and thrift institutions, have traditionally reported assets and liabilities on the basis of their amortized cost, or book value. But following the turmoil in securities markets due to highly volatile interest rate fluctuations in the 1980s and the early 1990s, and problems caused by
Valuation of Life Insurance Liabilities
Language: en
Pages: 296
Authors: Louis J. Lombardi
Categories: Life insurance
Type: BOOK - Published: 2006-01-01 - Publisher: ACTEX Publications

Books about Valuation of Life Insurance Liabilities
Valuation Techniques of Life Insurance Liabilities
Language: en
Pages: 144
Authors: Martin Janecek
Categories: Life insurance
Type: BOOK - Published: 2012 - Publisher: LAP Lambert Academic Publishing

The intention of this work is to contribute to the current actuarial discussion about valuation of life insurance liabilities with a summary of current most frequent valuation methodologies. It started with the most traditional one (called "Statutory Valuation Approach") still usually required by the local regulations, continued through the more
The Oxford Guide to Financial Modeling
Language: en
Pages: 768
Authors: Thomas S. Y. Ho, Sang Bin Lee
Categories: Business & Economics
Type: BOOK - Published: 2004-01-15 - Publisher: Oxford University Press

The essential premise of this book is that theory and practice are equally important in describing financial modeling. In it the authors try to strike a balance in their discussions between theories that provide foundations for financial models and the institutional details that provide the context for applications of the