Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

The Fair Value of Insurance Business

The Fair Value of Insurance Business

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9781461546238
Condition
New
Product Description

Insurance companies, as well as banks and thrift institutions, have traditionally reported assets and liabilities on the basis of their amortized cost, or book value. But following the turmoil in securities markets due to highly volatile interest rate fluctuations in the 1980s and the early 1990s, and problems caused by inadequate liquidity, in the mid-1990s the Financial Accounting Standards Board (FASB) issued a new ruling calling for financial intermediaries to report the fair, or market, value of most assets. Called FAS 115, this new standard is the first step in the eventual change to valuing all the assets and liabilities belonging to financial intermediaries under the fair value accounting method. Thus, these changes will pose tremendous future implications for three key business measures of a financial intermediary: Solvency: if the fair values of assets and liabilities are out-of-step, then healthy companies may report negative net worth and insolvent companies may appear to be in sound financial condition. Reported Earnings: if the fair values of assets and liabilities are out of step, then reported earnings will not accurately represent the financial operations of the company. Risk Management: FASB recently postponed the implementation of its new rules on accounting for the use of derivatives instruments. However, if the final set of rules for figuring the fair value of derivatives is not carefully crafted, it may be possible that companies prudently hedging their risks are subject to penalties in their financial reports, while companies taking greater risks appear to have less volatile financial performance. Compared to banks and other financial intermediaries, life insurance companies have the longest term and most complex liabilities, and hence the new FASB requirement poses the most severe challenges to the life insurance industry. The lessons learned from the debate amonglife insurance academics and professionals about how respond to the fair value reporting rule will be instructive to their counterparts in other sectors of the insurance industry, as well as those involved with other financial institutions. Of particular note are the two papers which comprise Part III. The first provides examples of the fair valuing of annuity contracts, while the second offers examples of the fair valuing of term insurance products. As the papers collected in The Fair Value of Insurance Business extend and update some of the issues treated in a previous Salomon Center conference volume, The Fair Value of Insurance Liabilities, this new volume may be viewed as a companion to the earlier book.

Available Colors
Available Sizes
1 Offer Price Range: $129.00 - $129.00
BEST PRICE

Single Product Purchase

$129.00
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$129.00 $129.00

$129.00
See Site In stock Visit Store

Similar Products

Das Schweigen verstehen

$89.99

Waste Disposal and Evaporites

$39.99

Dynamic Games for Network Security

$39.99

Feldspars and their Reactions

$259.00

Superconducting Devices and Their Applications

$169.99

Behandlungsleitlinie Strungen der sexuellen Prferenz

$49.99

Grundri der Physik fr Naturwissenschaftler, Mediziner und Pharmazeuten

$59.99

Motivation, Engagement and Educational Performance

$109.99

Kundenbindung durch spezifische Investitionen

$69.99

A Syncretistic Theory of Depiction

$39.99

Haptic and Audio Interaction Design

$72.00

Linear Multivariable Control

$129.00

Enterprise Risk Management in International Construction Operations

$84.99

Information and Inference

$169.99

Leinenweberei

$84.99

Physicochemical Characteristics of Oligonucleotides and Polynucleotides

$39.99

Strategien und Organisationsgestaltung in der Telekommunikationsbranche

$44.99

Aging and Recovery of Function in the Central Nervous System

$39.99

Palgrave Advances in the Crusades

$109.99

Migrant Hospitalities in the Mediterranean

$54.99

Medien und Geiselnahmen

$49.99

Pocket Book for Simulation Debriefing in Healthcare

$49.99

Aging and Aging-Related Diseases

$179.99

Statistical Mechanics Deformation Ultrasonic Spectroscopy

$39.99

Frontiers in Computational Intelligence

$84.99

Aktivierende Sozialpdagogik

$39.99

Personal Financial Planning for Executives and Entrepreneurs

$24.99

Filiation and the Protection of Parentless Children

$89.00

Liebeskunst

$59.99

Uncertainty in Pharmacology

$159.99

Night Has a Thousand Eyes

$54.99

Winning in Asia, European Style

$54.99

Grundlagen der Bodenmechanik

$44.99

Schreiben in Werbung, PR und Journalismus

$44.99

The Character of Curriculum Studies

$44.99

Cyberdemocracy

$99.00

Language and Automata Theory and Applications

$39.99

Windows File System Troubleshooting

$32.99

Skill, Technology and Enlightenment: On Practical Philosophy

$54.99

Physical Approaches to Biological Evolution

$54.99