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Market-Valuation Methods in Life and Pension Insurance (International Series on Actuarial Science) | 
 enlarge | Authors: Thomas Moller, Mogens Steffensen
Publisher: Cambridge University Press
Category: Book
List Price: $99.00
Buy New: $69.95
You Save: $29.05 (29%)
New (15) Used (7) from $40.00
Sales Rank: 811906
Media: Hardcover
Edition: 1
Pages: 294
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9 x 6.2 x 0.9
ISBN: 0521868777
Dewey Decimal Number: 368.01
EAN: 9780521868778
Publication Date: February 5, 2007
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Condition: New. No dust jacket as issued. Glued binding. Paper over boards. 279 p. Contains: Illustrations. International Series on Actuarial Science. Audience: General/trade.
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Product 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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if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 new 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.
Book Description
Students and practitioners needing a guide to life insurance accounting and product development will welcome this book. New developments in life insurance mathematics are described, together with more traditional methods, with various chapters addressing specific aspects of market-based valuation.
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