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Market-Valuation Methods in Life and Pension Insurance PDF
By:Thomas Møller,Mogens Steffensen
Published on 2007-01-18 by Cambridge University Press

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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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if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 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.

This Book was ranked at 41 by Google Books for keyword Life Insurance.

Book ID of Market-Valuation Methods in Life and Pension Insurance's Books is Qdca3Z904YUC, Book which was written byThomas Møller,Mogens Steffensenhave ETAG "px/jMI1iuN8"

Book which was published by Cambridge University Press since 2007-01-18 have ISBNs, ISBN 13 Code is 9781139462976 and ISBN 10 Code is 1139462970

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Book which have " Pages" is Printed at BOOK under CategoryBusiness and Economics

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