Keywords
insurance liability valuation, financial valuation models, securitization
Abstract
Financial valuation models can be applied to insurance- related claims. In particular, these models are being employed to calculate the market value of insurance liabilities. The goal of this paper is to introduce the various approaches to valuation that are used in the finance literature and show how the valuation of insurance liabilities fits into the financial valuation framework. The theory suggests that securitization of insurance liabilities may lead to better market value calculations.
Original Publication Citation
Discussion of “Two Paradigms for the Market Value of Liabilities.” North American Actuarial Journal, October 1997.
BYU ScholarsArchive Citation
Reitano, Robert R. and Merrill, Craig B., "Two Paradigms for the Market Value of Liabilities" (1997). Faculty Publications. 9121.
https://scholarsarchive.byu.edu/facpub/9121
Document Type
Peer-Reviewed Article
Publication Date
1997
Publisher
North American Actuarial Journal
Language
English
College
Marriott School of Business
Department
Finance
Copyright Use Information
https://lib.byu.edu/about/copyright/