Market-valuation Methods in Life and Pension Insurance (International Series on Actuarial Science) - Image 1

£93.74

Cambridge University Press Market-valuation Methods in Life and Pension Insurance (International Series on Actuarial Science)

Name: Market-valuation Methods in Life and Pension Insurance (International Series on Actuarial Science)
Brand: Cambridge University Press
Price: 93.74 GBP
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19 b/w illus. 6 tables

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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if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

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Product Specifications

Brand: Cambridge University Press
Model: 19 b/w illus. 6 tables
Format: hardcover
ASIN: 0521868777
Category: Books > Subjects > Business, Finance & Law > Professional Finance > Insurance
Domain: Amazon UK
Release Date: 18 January 2007
Listed Since: 23 January 2007

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Cambridge University Press Market-valuation Methods in Life and Pension Insurance (International Series on Actuarial Science)

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