Download or read book Market Consistent Actuarial Valuation written by Mario V. Wüthrich and published by Springer Science & Business Media. This book was released on 2010-09-02 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. However, there is a general agreement that the balance sheet of an insurance company should be measured in a consistent way. Market-Consistent Actuarial Valuation presents powerful methods to measure liabilities and assets in a consistent way. The mathematical framework that leads to market-consistent values for insurance liabilities is explained in detail by the authors. Topics covered are stochastic discounting with deflators, valuation portfolio in life and non-life insurance, probability distortions, asset and liability management, financial risks, insurance technical risks, and solvency.

Download or read book Financial Modeling Actuarial Valuation and Solvency in Insurance written by Mario V. Wüthrich and published by Springer Science & Business Media. This book was released on 2013-04-04 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk management for financial institutions is one of the key topics the financial industry has to deal with. The present volume is a mathematically rigorous text on solvency modeling. Currently, there are many new developments in this area in the financial and insurance industry (Basel III and Solvency II), but none of these developments provides a fully consistent and comprehensive framework for the analysis of solvency questions. Merz and Wüthrich combine ideas from financial mathematics (no-arbitrage theory, equivalent martingale measure), actuarial sciences (insurance claims modeling, cash flow valuation) and economic theory (risk aversion, probability distortion) to provide a fully consistent framework. Within this framework they then study solvency questions in incomplete markets, analyze hedging risks, and study asset-and-liability management questions, as well as issues like the limited liability options, dividend to shareholder questions, the role of re-insurance, etc. This work embeds the solvency discussion (and long-term liabilities) into a scientific framework and is intended for researchers as well as practitioners in the financial and actuarial industry, especially those in charge of internal risk management systems. Readers should have a good background in probability theory and statistics, and should be familiar with popular distributions, stochastic processes, martingales, etc.

Download or read book Market Consistent Actuarial Valuation written by Mario V. Wüthrich and published by Springer. This book was released on 2016-10-22 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the third edition of this well-received textbook, presenting powerful methods for measuring insurance liabilities and assets in a consistent way, with detailed mathematical frameworks that lead to market-consistent values for liabilities. Topics covered are stochastic discounting with deflators, valuation portfolio in life and non-life insurance, probability distortions, asset and liability management, financial risks, insurance technical risks, and solvency. Including updates on recent developments and regulatory changes under Solvency II, this new edition of Market-Consistent Actuarial Valuation also elaborates on different risk measures, providing a revised definition of solvency based on industry practice, and presents an adapted valuation framework which takes a dynamic view of non-life insurance reserving risk.

Download or read book Nonlife Actuarial Models written by Yiu-Kuen Tse and published by Cambridge University Press. This book was released on 2009-09-17 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: This class-tested undergraduate textbook covers the entire syllabus for Exam C of the Society of Actuaries (SOA).

Download or read book Actuarial Practice in Social Security written by Pierre Plamondon and published by International Labour Organization. This book was released on 2002 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The actuarial analysis of social protection schemes is a challenge that requires a balancing act between the demographic, economic, financial, and actuarial fields. This text provides a practical tool to enhance and modernize social protection systems while maintaining this balance.

Download or read book Market Valuation Methods in Life and Pension Insurance written by Thomas Møller and published by Cambridge University Press. This book was released on 2007-01-18 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Federal Employees Group Life Insurance Program written by United States. Congress. House. Committee on Post Office and Civil Service and published by . This book was released on 1965 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pension Fund Risk Management written by Marco Micocci and published by CRC Press. This book was released on 2010-01-25 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: As pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. Pension Fund Risk Management: Financial and Actuarial Modeling sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integr

Download or read book Actuarial Valuation of the Assets and Liabilities Under the Railroad Retirement Acts as of December 31 written by United States. Railroad Retirement Board and published by . This book was released on 1976 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Guide for Selecting Pension Actuarial Consultants written by Robert Pam and published by . This book was released on 1998 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Penchant for Pensions written by Leslie L. Thompson and published by . This book was released on 2018-07-24 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a guide for trustees and other interested parties in understanding the actuarial valuation process and reports.

Download or read book California State Teachers Retirement System written by and published by . This book was released on 2006 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Actuarial Valuation of the Assets and Liabilities Under the Railroad Retirement Acts as of December 31 written by United States. Railroad Retirement Board and published by . This book was released on 1956 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report on the Actuarial Valuation of Assets and Liabilities written by Public Employees' Retirement System of the State of Washington and published by . This book was released on 1967 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Judges Retirement System II written by California. Public Employees' Retirement System. Board of Administration and published by . This book was released on 2006 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Actuarial Valuation of the Assets and Liabilities Under the Railroad Retirement Acts written by United States. Railroad Retirement Board and published by . This book was released on 1944 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Actuarial Valuation of the Assets and Liabilities Under the Railroad Retirement Acts written by United States. Railroad Retirement Board and published by . This book was released on 1953 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: