Market-Consistent Actuarial Valuation by Mario V. Wüthrich
English | 7 Sept. 2010 | ISBN: 3642148514 | 172 Pages | PDF | 2 MB
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.