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Market-Consistent Actuarial Valuation - Furrer, Hansjorg, and Buhlmann, Hans, and Wuthrich, Mario Valentin
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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. Market-Consistent Actuarial Valuation presents powerful methods to measure liabilities and assets in the same way. The mathematical framework that leads to market-consistent values for insurance liabilities is explained in ...

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Market-Consistent Actuarial Valuation 2007, Springer, Berlin, Germany

ISBN-13: 9783540736424

Trade paperback