Market-consistent actuarial valuation /

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Bibliographic Details
Author / Creator:Wüthrich, Mario V.
Imprint:Berlin ; New York : Springer, 2008.
Description:1 online resource (viii, 120 p.)
Series:EAA lecture notes
EAA Lecture Notes.
Subject:Life insurance -- Mathematics.
Insurance -- Mathematics.
Insurance companies -- Valuation.
Risk (Insurance)
Risk management.
Insurance companies -- Valuation.
Insurance -- Mathematics.
Life insurance -- Mathematics.
Risk (Insurance)
Electronic books.
Format: E-Resource Book
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Other authors / contributors:Bühlmann, Hans.
Furrer, Hansjörg.
Notes:Includes bibliographical references (p. [115]-117) and index.
Description based on print version record.
Summary:"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." "Market-Consistent Actuarial Valuation presents powerful methods to measure liabilities and assets in the same 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, Valuation portfolio in life and non-life insurance, Asset and liability management, Financial risks, Insurance technical risks, and Solvency."--Jacket.
Other form:Print version: Wüthrich, Mario Valentin. Market-consistent actuarial valuation. Berlin ; New York : Springer, 2008 9783540736424 3540736425