Wuthrich, Mario V/ Buhlmann, Hans/ Furrer, Hansjorg
Publisher
Springer
ISBN
978-3-642-14851-4
Summary
The contents of the book includes below:
Chapter 1 we motivate the use of market-consistent values. Solvency requirements by regulations are one major reason for it.
Chapter 2 introduces stochastic discounting, which in a market-consistent actuarial valuation framework replaces discounting with the classical technical interest rate.
Chapter 3 the concept of the “Valuation Portfolio” (VaPo) is introduced and explained in the life insurance context.
Chapter 4 covers financial risk is treated.
Chapter 5 the notion of the Valuation Portfolio (VaPo) and the protected (against technical risk) Valuation Portfolio (VaPo) is extended to the non-life insurance sector.
Chapter 6 contains selected topics. We mention only the treatment of the “Legal Quote” in life insurance.
