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Author Møller, Thomas, 1972- author
Title Market-valuation methods in life and pension insurance / Thomas Moller, Mogens Steffensen
Imprint Cambridge : Cambridge University Press, 2007
book jacket
Descript 1 online resource (xiv, 279 pages) : digital, PDF file(s)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series International series on actuarial science
International series on actuarial science
Note Title from publisher's bibliographic system (viewed on 05 Oct 2015)
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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if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
TAEBDC; 2009
Link Print version: 9780521868778
Subject Life insurance policies -- Mathematics
Pension trusts -- Mathematics
Pension trust guaranty insurance -- Mathematics
Insurance -- Mathematics
Alt Author Steffensen, Mogens, 1970- author
Alt Title Market-Valuation Methods in Life & Pension Insurance
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