Market-valuation methods in life and pension insurance:
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 However, this approach is being superseded by developments in international accounting and solvency stan...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
2007
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| Series: | International series on actuarial science
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| Subjects: | |
| Links: | https://doi.org/10.1017/CBO9780511543289 https://doi.org/10.1017/CBO9780511543289 https://doi.org/10.1017/CBO9780511543289 |
| Summary: | 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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if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 |
| Item Description: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Physical Description: | 1 online resource (xiv, 279 pages) |
| ISBN: | 9780511543289 |
| DOI: | 10.1017/CBO9780511543289 |
Staff View
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| 520 | |a 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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if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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| dewey-full | 368.01 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 368 - Insurance |
| dewey-raw | 368.01 |
| dewey-search | 368.01 |
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| dewey-tens | 360 - Social problems and services; associations |
| discipline | Mathematik Wirtschaftswissenschaften |
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| id | DE-604.BV043940552 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T17:49:14Z |
| institution | BVB |
| isbn | 9780511543289 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029349522 |
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| series2 | International series on actuarial science |
| spelling | Møller, Thomas 1972- Verfasser aut Market-valuation methods in life and pension insurance Thomas Moller, Mogens Steffensen Market-Valuation Methods in Life & Pension Insurance Cambridge Cambridge University Press 2007 1 online resource (xiv, 279 pages) txt rdacontent c rdamedia cr rdacarrier 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 Mathematik Life insurance policies / Mathematics Pension trusts / Mathematics Pension trust guaranty insurance / Mathematics Insurance / Mathematics Marktbewertungsmethode (DE-588)4461542-5 gnd rswk-swf Lebensversicherung (DE-588)4034928-7 gnd rswk-swf Lebensversicherung (DE-588)4034928-7 s Marktbewertungsmethode (DE-588)4461542-5 s 1\p DE-604 Steffensen, Mogens 1970- Sonstige oth Erscheint auch als Druckausgabe 978-0-521-86877-8 https://doi.org/10.1017/CBO9780511543289 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Møller, Thomas 1972- Market-valuation methods in life and pension insurance Mathematik Life insurance policies / Mathematics Pension trusts / Mathematics Pension trust guaranty insurance / Mathematics Insurance / Mathematics Marktbewertungsmethode (DE-588)4461542-5 gnd Lebensversicherung (DE-588)4034928-7 gnd |
| subject_GND | (DE-588)4461542-5 (DE-588)4034928-7 |
| title | Market-valuation methods in life and pension insurance |
| title_alt | Market-Valuation Methods in Life & Pension Insurance |
| title_auth | Market-valuation methods in life and pension insurance |
| title_exact_search | Market-valuation methods in life and pension insurance |
| title_full | Market-valuation methods in life and pension insurance Thomas Moller, Mogens Steffensen |
| title_fullStr | Market-valuation methods in life and pension insurance Thomas Moller, Mogens Steffensen |
| title_full_unstemmed | Market-valuation methods in life and pension insurance Thomas Moller, Mogens Steffensen |
| title_short | Market-valuation methods in life and pension insurance |
| title_sort | market valuation methods in life and pension insurance |
| topic | Mathematik Life insurance policies / Mathematics Pension trusts / Mathematics Pension trust guaranty insurance / Mathematics Insurance / Mathematics Marktbewertungsmethode (DE-588)4461542-5 gnd Lebensversicherung (DE-588)4034928-7 gnd |
| topic_facet | Mathematik Life insurance policies / Mathematics Pension trusts / Mathematics Pension trust guaranty insurance / Mathematics Insurance / Mathematics Marktbewertungsmethode Lebensversicherung |
| url | https://doi.org/10.1017/CBO9780511543289 |
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