A Reliable Fair Value for Insurance Contracts
نویسندگان
چکیده
منابع مشابه
A fair protocol for signing contracts
Abtract-Two parties, A and B , want to sign a contract C over a communication network. To do so, they must “simultaneously” exchange their commitments to C. Since simultaneous exchange is usually impossible in practice, protocols are needed to approximate simultaneity by exchanging partial commitments in piece by piece manner. During such a protocol, one party or another may have a slight advan...
متن کاملA Fair Protocol for Signing Contracts
Assume that two parties, A and B, want to sign a contract over a communication network, i.e. they want to exchange their "commitments" to the contract. We consider a contract signing protocol to be fair if, at any stage in its execution, the following hold: the conditional probability that party A obtains B's signature to the contract given that B has obtained ,4's signature to the contract, is...
متن کاملAlternative framework for the fair valuation of participating life insurance contracts ∗
In this communication, we develop suitable valuation techniques for a with-profit/unitized with profit life insurance policy providing interest rate guarantees, when a jump-diffusion process for the evolution of the underlying reference portfolio is used. Particular attention is given to the mispricing generated by the misspecification of a jumpdiffusion process for the underlying asset as a pu...
متن کاملNew Accounting Standards: the Fair Value of Life Insurance Liabilities
In this dissertation we present an overview of the proposals of the International Accounting Standards Board for measurement of insurance assets and liabilities at market value. The Board has not yet finalised a standard for insurance contracts, but a Draft Statement of Principles has been published, providing indication of how fair value accounting will be implemented. We focus on life insuran...
متن کاملSimple Contracts for Reliable Supply
Supply reliability may suffer due to events such as labor strikes that disrupt capacity (random capacity) or manufacturing defects that result in yield losses (random yield). Suppliers can enhance reliability by process improvement and overproduction, but these mitigating actions are often not contractible. Moreover, the investment in mitigation depends critically on the design of the procureme...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Geneva Papers on Risk and Insurance - Issues and Practice
سال: 2006
ISSN: 1018-5895,1468-0440
DOI: 10.1057/palgrave.gpp.2510093