A market-value accounting framework for insurance companies

  • Mark W. Griffin
  • Joan Lamm-Tennant
Part of the The New York University Salomon Center Series on Financial Markets and Institutions book series (SALO, volume 1)


In North America, book value accounting for insurance companies is a basic tenet. For many, the very idea of replacing book value accounting with market-value accounting is heresy. However, a number of recent developments should help to motivate serious consideration of a market-value approach.


Cash Flow Insurance Liability Accounting Framework Illiquid Asset Pure Risk 
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Copyright information

© Springer Science+Business Media Dordrecht 1998

Authors and Affiliations

  • Mark W. Griffin
    • 1
  • Joan Lamm-Tennant
    • 2
  1. 1.Goldman Sachs & Co.USA
  2. 2.Villanova UniversityUSA

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