Description

Book Synopsis
Students and practitioners needing a guide to life insurance accounting and product development will welcome this book. Developments in life insurance mathematics are described, together with more traditional methods, with various chapters addressing specific aspects of market-based valuation.

Trade Review
'... a very thorough treatment of the mathematical instruments that are developed.' H. van Wijk
'The book under review is the first available reference to offer a comprehensive account for market-valuation methods in life and pension insurance, answering the insurance industry's demand in the wake of the European Union Solvency II project. … The book is well written, well organized and a very rich source of useful information for practitioners of the actuarial profession and financial asset managers who seek a practical yet sound guide to life and pension insurance accounting and product development. … researchers in the fields of actuarial sciences and financial economics may find it informative and inspiring to further research in the field of asset and liability modeling.' Scandinavian Actuarial Journal

Table of Contents
Preface; 1. Introduction and life insurance practice; 2. Technical reserves and market value; 3. Interest rate theory in insurance; 4. Bonus, binomial and Black-Scholes; 5. Integrated actuarial and financial valuation; 6. Surplus-linked life insurance; 7. Interest rate derivatives in insurance; Appendix A.

MarketValuation Methods in Life and Pension Insurance

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    A Hardback by Thomas Møller, Mogens Steffensen

    £98.99

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    Order before 4pm tomorrow for delivery by Mon 12 Oct 2026.

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      Book details

      Publisher Cambridge University Press
      Published 1/18/2007 12:00:00 AM
      ISBN-13 9780521868778
      978-0521868778
      ISBN-10 0521868777
      Also in:
      Insurance and actuarial studies

      Description

      Book Synopsis
      Students and practitioners needing a guide to life insurance accounting and product development will welcome this book. Developments in life insurance mathematics are described, together with more traditional methods, with various chapters addressing specific aspects of market-based valuation.

      Trade Review
      '... a very thorough treatment of the mathematical instruments that are developed.' H. van Wijk
      'The book under review is the first available reference to offer a comprehensive account for market-valuation methods in life and pension insurance, answering the insurance industry's demand in the wake of the European Union Solvency II project. … The book is well written, well organized and a very rich source of useful information for practitioners of the actuarial profession and financial asset managers who seek a practical yet sound guide to life and pension insurance accounting and product development. … researchers in the fields of actuarial sciences and financial economics may find it informative and inspiring to further research in the field of asset and liability modeling.' Scandinavian Actuarial Journal

      Table of Contents
      Preface; 1. Introduction and life insurance practice; 2. Technical reserves and market value; 3. Interest rate theory in insurance; 4. Bonus, binomial and Black-Scholes; 5. Integrated actuarial and financial valuation; 6. Surplus-linked life insurance; 7. Interest rate derivatives in insurance; Appendix A.

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