Skip to main content Accessibility help
×
  1. Home
  2. Books
  3. Market-Valuation Methods in Life and Pension Insurance
  • Cited by 50
      • Show more authors
      • You may already have access via personal or institutional login
    • Select format
    • Publisher:
      Cambridge University Press
      Publication date:
      13 August 2009
      18 January 2007
      ISBN:
      9780511543289
      9780521868778
      DOI:
      https://doi.org/10.1017/CBO9780511543289
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.546kg, 294 Pages
      Dimensions:
      Weight & Pages:
      • Subjects:
      Economics, Statistics for Econometrics, Finance and Insurance, Finance and Accountancy, General Statistics and Probability, Statistics and Probability
      Series:
      International Series on Actuarial Science
    You may already have access via personal or institutional login
    • Selected: Digital
    Add to cart View cart Buy from Cambridge.org
    Subjects:
    Economics, Statistics for Econometrics, Finance and Insurance, Finance and Accountancy, General Statistics and Probability, Statistics and Probability
    Series:
    International Series on Actuarial Science
    Information

    Book description

    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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if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.

    Reviews

    '... a very thorough treatment of the mathematical instruments that are developed.'

    H. van Wijk

    'The book under review is the first available reference to offer a comprehensive account for market-valuation methods in life and pension insurance, answering the insurance industry's demand in the wake of the European Union Solvency II project. … The book is well written, well organized and a very rich source of useful information for practitioners of the actuarial profession and financial asset managers who seek a practical yet sound guide to life and pension insurance accounting and product development. … researchers in the fields of actuarial sciences and financial economics may find it informative and inspiring to further research in the field of asset and liability modeling.'

    Source: Scandinavian Actuarial Journal

    Refine List

    Actions for selected content:

    Select all | Deselect all
    • View selected items
    • Export citations
    • Download PDF (zip)
    • Save to Kindle
    • Save to Dropbox
    • Save to Google Drive

    Save Search

    You can save your searches here and later view and run them again in "My saved searches".

    Please provide a title, maximum of 40 characters.
    Cancel
    ×

    Contents

    Contents

    Metrics

    Full text views

    Total number of HTML views: 0
    Total number of PDF views: 0 *
    Loading metrics...

    Book summary page views

    Total views: 0 *
    Loading metrics...

    * Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

    Usage data cannot currently be displayed.

    Accessibility standard: Unknown

    Why this information is here

    This section outlines the accessibility features of this content - including support for screen readers, full keyboard navigation and high-contrast display options. This may not be relevant for you.

    Accessibility Information

    Accessibility compliance for the PDF of this book is currently unknown and may be updated in the future.