The Fair Value of Insurance Liabilities (The New York University Salomon Center Series on Financial Markets and Institutions) [Hardcover]

Irwin T. Vanderhoof (Editor), Edward Altman (Editor)

Book Description

Publication Date: January 31, 1998 | Series: The New York University Salomon Center Series on Financial Markets and Institutions (Book 1)

This book explores theoretical and practical implications of reflecting the fair value of liabilities for insurance companies. In addition, the contributions discuss the disclosure of these values to the financial and regulatory communities and auditing firms which are actually calculating this illusive but important variable. It combines contributions by distinguished practitioners from the insurance, accounting and finance fields, with those of prominent academics. One of the central themes of the collection is that adequate disclosure of the true economic value of insurance company liabilities is both possible and desirable. Wherever possible, the insurance valuation process is wedded with modern financial theory. For example, the use of option pricing theory is applied to insurance companies, where the true value of the firm's liabilities is a critical variable. Methods such as cash flow, earned profit and indirect discount are explored.

Product Details

• Hardcover: 404 pages
• Publisher: Springer; 1 edition (January 31, 1998)
• Language: English
• ISBN-10: 0792399412
• ISBN-13: 978-0792399414
• Product Dimensions: 9.2 x 6.1 x 1 inches
• Shipping Weight: 11.7 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #3,869,963 in Books (See Top 100 in Books)