by Pennsylvania Insurance
Valuation of Life Insurance Liabilities: Establishing Reserves for Life Insurance Policies and Annuity Contracts Tags: Valuation, valuation of life insurance liabilities, Life, life insurance policies, Liabilities, annuity contracts
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by Pennsylvania Insurance
Product DescriptionIn 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 However, this approach is being superseded by developments in international accounting and solvency standards coupled with other advances enabling a market-based valuation of risk, i.e., its price if [...]
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