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Market-Valuation Methods in Life and Pension Insurance

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Market-Valuation Methods in Life and Pension Insurance - Møller, Thomas, and Steffensen, Mogens
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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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if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 ...

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Market-Valuation Methods in Life and Pension Insurance 2007, Cambridge University Press, Cambridge

ISBN-13: 9780521868778

Hardcover