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Author : Louis J. Lombardi
Publisher : ACTEX Publications
ISBN 13 : 1566985609
Total Pages : 301 pages
Book Rating : 4.04/5 ( download)
Download or read book Valuation of Life Insurance Liabilities written by Louis J. Lombardi and published by ACTEX Publications. This book was released on 2006 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mark A. Tullis
Publisher : Actex Publications Incorporated
ISBN 13 : 9781566982269
Total Pages : 191 pages
Book Rating : 4.6X/5 ( download)
Download or read book Valuation of Life Insurance Liabilities written by Mark A. Tullis and published by Actex Publications Incorporated. This book was released on 1996-10-01 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Irwin T. Vanderhoof
Publisher : Springer Science & Business Media
ISBN 13 : 1475767323
Total Pages : 389 pages
Book Rating : 4.22/5 ( download)
Download or read book The Fair Value of Insurance Liabilities written by Irwin T. Vanderhoof and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores theoretical and practical implications of reflecting the fair value of liabilities for insurance companies. In addition, the contributions discuss the disclosure of these values to the financial and regulatory communities and auditing firms which are actually calculating this illusive but important variable. It combines contributions by distinguished practitioners from the insurance, accounting and finance fields, with those of prominent academics. One of the central themes of the collection is that adequate disclosure of the true economic value of insurance company liabilities is both possible and desirable. Wherever possible, the insurance valuation process is wedded with modern financial theory. For example, the use of option pricing theory is applied to insurance companies, where the true value of the firm's liabilities is a critical variable. Methods such as cash flow, earned profit and indirect discount are explored.
Author : Mario V. Wüthrich
Publisher : Springer Science & Business Media
ISBN 13 : 3642148522
Total Pages : 164 pages
Book Rating : 4.21/5 ( download)
Download or read book Market-Consistent Actuarial Valuation written by Mario V. Wüthrich and published by Springer Science & Business Media. This book was released on 2010-09-02 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is a challenging task to read the balance sheet of an insurance company. This derives from the fact that different positions are often measured by different yardsticks. Assets, for example, are mostly valued at market prices whereas liabilities are often measured by established actuarial methods. However, there is a general agreement that the balance sheet of an insurance company should be measured in a consistent way. Market-Consistent Actuarial Valuation presents powerful methods to measure liabilities and assets in a consistent way. The mathematical framework that leads to market-consistent values for insurance liabilities is explained in detail by the authors. Topics covered are stochastic discounting with deflators, valuation portfolio in life and non-life insurance, probability distortions, asset and liability management, financial risks, insurance technical risks, and solvency.
Author : Martin Janecek
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659277368
Total Pages : 144 pages
Book Rating : 4.63/5 ( download)
Download or read book Valuation Techniques of Life Insurance Liabilities written by Martin Janecek and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The intention of this work is to contribute to the current actuarial discussion about valuation of life insurance liabilities with a summary of current most frequent valuation methodologies. It started with the most traditional one (called "Statutory Valuation Approach") still usually required by the local regulations, continued through the more developed ones (deterministic Embedded Value approach and deterministic estimation of the Fair Value) to the most recent one - stochastic Fair Value approach via interest rates simulations. It is intended to give a more detailed overview of the methodologies not only in a way of a general description but in a way of specific mathematical formulas and numerical examples as well in order to observe their mutual relations and similarities, their positives and negatives. The real process of the stochastic liability fair value calculation under the interest rate simulations is showed at the second part of the work. The work includes an explanation of all important issues, steps and results.
Author : Kathrin Glau
Publisher : Springer
ISBN 13 : 331909114X
Total Pages : 434 pages
Book Rating : 4.43/5 ( download)
Download or read book Innovations in Quantitative Risk Management written by Kathrin Glau and published by Springer. This book was released on 2015-01-09 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitative models are omnipresent –but often controversially discussed– in todays risk management practice. New regulations, innovative financial products, and advances in valuation techniques provide a continuous flow of challenging problems for financial engineers and risk managers alike. Designing a sound stochastic model requires finding a careful balance between parsimonious model assumptions, mathematical viability, and interpretability of the output. Moreover, data requirements and the end-user training are to be considered as well. The KPMG Center of Excellence in Risk Management conference Risk Management Reloaded and this proceedings volume contribute to bridging the gap between academia –providing methodological advances– and practice –having a firm understanding of the economic conditions in which a given model is used. Discussed fields of application range from asset management, credit risk, and energy to risk management issues in insurance. Methodologically, dependence modeling, multiple-curve interest rate-models, and model risk are addressed. Finally, regulatory developments and possible limits of mathematical modeling are discussed.
Author : Edward L. Robbins
Publisher : ACTEX Publications
ISBN 13 : 1625423837
Total Pages : 545 pages
Book Rating : 4.32/5 ( download)
Download or read book Tax Basis Assets and Liabilities of U.S. Life Insurers written by Edward L. Robbins and published by ACTEX Publications. This book was released on 2015-03-08 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new, innovative textbook, a sequel to US Tax Reserves for Life Insurers published in 2005, provides authoritative guidance and mathematical approaches to calculating both actuarial tax basis liabilities (reserves and related items) and assets (primarily invested assets and deferred taxes). The text provides an introduction to statutory and tax reserve planning and includes a detailed discussion of the pertinent parts of the authoritative guidance, including extensive references to specific cases and rulings. This sequel provides significant detail on investment tax accounting and offers an introduction to tax aspects of business combinations.
Author : Michael Koller
Publisher : Springer Science & Business Media
ISBN 13 : 3642207219
Total Pages : 345 pages
Book Rating : 4.11/5 ( download)
Download or read book Life Insurance Risk Management Essentials written by Michael Koller and published by Springer Science & Business Media. This book was released on 2011-05-04 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of the book is to provide an overview of risk management in life insurance companies. The focus is twofold: (1) to provide a broad view of the different topics needed for risk management and (2) to provide the necessary tools and techniques to concretely apply them in practice. Much emphasis has been put into the presentation of the book so that it presents the theory in a simple but sound manner. The first chapters deal with valuation concepts which are defined and analysed, the emphasis is on understanding the risks in corresponding assets and liabilities such as bonds, shares and also insurance liabilities. In the following chapters risk appetite and key insurance processes and their risks are presented and analysed. This more general treatment is followed by chapters describing asset risks, insurance risks and operational risks - the application of models and reporting of the corresponding risks is central. Next, the risks of insurance companies and of special insurance products are looked at. The aim is to show the intrinsic risks in some particular products and the way they can be analysed. The book finishes with emerging risks and risk management from a regulatory point of view, the standard model of Solvency II and the Swiss Solvency Test are analysed and explained. The book has several mathematical appendices which deal with the basic mathematical tools, e.g. probability theory, stochastic processes, Markov chains and a stochastic life insurance model based on Markov chains. Moreover, the appendices look at the mathematical formulation of abstract valuation concepts such as replicating portfolios, state space deflators, arbitrage free pricing and the valuation of unit linked products with guarantees. The various concepts in the book are supported by tables and figures.
Author : James M. Hudnut
Publisher :
ISBN 13 :
Total Pages : 174 pages
Book Rating : 4.87/5 ( download)
Download or read book Studies in Practical Life Insurance written by James M. Hudnut and published by . This book was released on 1911 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.87/5 ( download)
Download or read book Life Insurance Fact Book written by and published by . This book was released on 1962 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
