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The Fair Value of Insurance Liabilities

  • Irwin T. Vanderhoof
  • Edward I. Altman

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Douglas C. Doll, C. Phil Elam, James E. Hohmann, Jacqueline M. Keating, Douglas S. Kolsrud, Karen Olsen MacDonald et al.
    Pages 21-126
  3. Dennis Carr, J. Peter Duran, Joseph E. Crowne
    Pages 127-142
  4. Mark W. Griffin, Joan Lamm-Tennant
    Pages 201-213
  5. Krzysztof M. Ostaszewski
    Pages 351-360
  6. Back Matter
    Pages 363-381

About this book

Introduction

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.

Keywords

Finance accounting cash flow insurance option pricing pricing valuation

Editors and affiliations

  • Irwin T. Vanderhoof
    • 1
  • Edward I. Altman
    • 1
  1. 1.Stern School of BusinessNew York UniversityUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4757-6732-2
  • Copyright Information Springer-Verlag US 1998
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4419-5178-6
  • Online ISBN 978-1-4757-6732-2
  • Series Print ISSN 1387-6899
  • Buy this book on publisher's site