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Business/Investing Market-Valuation Methods in Life and Pension Insurance (International Series on Actuarial Science)

Posted on 2010-03-16




Name:Business/Investing Market-Valuation Methods in Life and Pension Insurance (International Series on Actuarial Science)
ASIN/ISBN:0521868777
Language:English
Pages:294
File size:6.2 Mb
   Business/Investing Market-Valuation Methods in Life and Pension Insurance (International Series on Actuarial Science)

Describes new approaches in life insurance mathematics, addressing specific aspects of market-based valuation.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 However, this approach is being superseded by developments in
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