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Market-valuation methods in life and pension insurance /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Market-valuation methods in life and pension insurance // Thomas Moller, Mogens Steffensen.
remainder title:	Market-Valuation Methods in Life & Pension Insurance
Author:	Møller, Thomas,
other author:	Steffensen, Mogens,
Description:	1 online resource (xiv, 279 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Life insurance policies - Mathematics. -
Online resource:	https://doi.org/10.1017/CBO9780511543289
ISBN:	9780511543289 (ebook)

Market-valuation methods in life and pension insurance /
Møller, Thomas,1972-

Market-valuation methods in life and pension insurance /Market-Valuation Methods in Life & Pension InsuranceThomas Moller, Mogens Steffensen. - 1 online resource (xiv, 279 pages) :digital, PDF file(s). - International series on actuarial science. - International series on actuarial science..

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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if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

ISBN: 9780511543289 (ebook)Subjects--Topical Terms:

1447117
Life insurance policies
--Mathematics.

LC Class. No.: HG8781 / .M645 2007

Dewey Class. No.: 368.01

Market-valuation methods in life and pension insurance /
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