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The cash flow method for valuing liabilities in Canada

  • Allan Brender
Part of the The New York University Salomon Center Series on Financial Markets and Institutions book series (SALO, volume 1)

Abstract

A number of the questions which have arisen at this conference have been answered by many Canadian actuaries. The answers we have arrived at are not quite the same answers that you might have expected to hear if you were just working in the USA. For example, we have had to ask ourselves the question ‘If you have a demand liability, perhaps a cash value, is it acceptable to value the liability of a policy as anything less than the amount of this possible demand?” We have come to the conclusion that the answer is ‘yes.’.

Keywords

Interest Rate Cash Flow Yield Curve Single Premium Risk Base Capital 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1998

Authors and Affiliations

  • Allan Brender
    • 1
  1. 1.William M. Mercer LimitedUSA

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