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The Fair Value of Insurance Liabilities
     

The Fair Value of Insurance Liabilities

by Irwin T. Vanderhoof (Editor), Edward Altman (Editor)
 

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

Overview

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.

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Booknews
Volume one of a new series explores the theoretical and practical implications of reflecting the fair value of liabilities for insurance companies. Nine contributions wed modern financial theory with the insurance valuation process and have as a central theme the possibility and desirability of adequate disclosure of the true economic value of liabilities. Discussion also includes the use of option pricing theory and methods such as cash flow, earned profit and indirect discount. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9781441951786
Publisher:
Springer US
Publication date:
12/01/2010
Series:
The New York University Salomon Center Series on Financial Markets and Institutions , #1
Edition description:
Softcover reprint of the original 1st ed. 1998
Pages:
382
Product dimensions:
6.10(w) x 9.25(h) x 0.03(d)

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