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ePub The Fair Value of Insurance Business (The New York University Salomon Center Series on Financial Markets and Institutions) download

by Irwin T. Vanderhoof,Edward I. Altman

ePub The Fair Value of Insurance Business (The New York University Salomon Center Series on Financial Markets and Institutions) download
Author:
Irwin T. Vanderhoof,Edward I. Altman
ISBN13:
978-0792386346
ISBN:
0792386345
Language:
Publisher:
Springer; 2000 edition (September 30, 2000)
Category:
Subcategory:
Medicine & Health Sciences
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1170 kb
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1252 kb
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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. 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. Show all. Table of contents (7 chapters). Market Value Of Insurance Liabilities And The Assumption Of Perfect Markets In Valuation.

Insurance companies, as well as banks and thrift institutions, have traditionally .

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. Edward I. Altman, PhD, MBA, is the Max L. Heine Professor of Finance at the Stern School of Business, New York University. Previously, he chaired the Stern School's MBA Program for twelve years.

The Fair Value of Insurance Liabilities. The Fair Value of Insurance Business

The Fair Value of Insurance Liabilities. Книга 1. This book explores theoretical and practical implications of reflecting the fair value of liabilities for insurance companies. Книга 2. In a little over one decade, the spread of market-oriented policies has turned the once so-called lesser developed countries into emerging markets. The Fair Value of Insurance Business.

Center specializes in the study of financial institutions and markets. New York Fed/NYU Stern Conference on Financial Intermediation.

The Salomon Center specializes in the study of financial institutions and markets. The Salomon Center specializes in the study of financial institutions and markets. Salomon Center for the Study of Financial Institutions. Recurrent Conferences & Symposia. More . Five-Star Conference.

Электронная книга "The Fair Value of Insurance Liabilities", Irwin T. Vanderhoof, Edward Altman. Эту книгу можно прочитать в Google Play Книгах на компьютере, а также на устройствах Android и iOS. Выделяйте текст, добавляйте закладки и делайте заметки, скачав книгу "The Fair Value of Insurance Liabilities" для чтения в офлайн-режиме.

This book explores theoretical and practical implications of reflecting the fair value of liabilities for . Irwin T. Vanderhoof, Edward I. Altman.

This book explores theoretical and practical implications of reflecting the fair value of liabilities for insurance companies. In addition, the contributions discuss the disclosure of these values to the financial and regulatory communities and auditing. ISBN: 0792399412; Издательство: Kluwer Academic Publishers. In addition, the contributions discuss the disclosure of these values to the financial and regulatory communities and auditing firms which are actually calculating this illusive but important variable.

book Insurance companies, as well as banks and thrift institutions, have .

York University Salomon Center Leonard N. Stern School of Business. Source: NYU Salomon Center.

New York University Salomon Center Leonard N. Our weights are based on the par value of high-yield bonds outstanding in each year. The arithmetic annual average default rate climbed to . 3% from . 4% one year earlier. Figure 3. S&P Leveraged Loan Index 12-Month Moving Average Default Rate 1998–2009 (Number of Issuers). 0% .

New York University .

The Fair Value of Insurance Business Irwin T. Vanderhoof; Edward I. Altman Springer 9780792386346 : Insurance companies, as well as banks and thrift institutions, have traditionally reported . 2000 Серия: The New York University Salomon Center Series on Financial Markets and Institutions Язык: ENG Размер: 2. 1 x 1. 3 x . 9 cm Основная тема: Finance Рейтинг: Поставляется из: Германии Описание: 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.

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 among life 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.