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Modeling Fair Value Financial Reporting Results For The Single Premium Deferred Annuity

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The Fair Value of Insurance Business

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Abstract

Fair value financial reporting for life insurers is a topic that has been much discussed recently. However, little has been published regarding how a fair value system might actually function in practice. A fair value system would record both assets and liabilities at fair value on the balance sheet. The change in the difference in value between assets and liabilities (excluding capital transactions) would be recorded as income.

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References

  • Griffin, Mark. (1998). A market-value accounting framework for insurance companies. In: Irwin T. Vanderhoof and Edward I. Altman, eds., The Fair Value of Insurance Liabilities. Kluwer, Boston.

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  • Reitano, Robert R. (1997). Two paradigms for the market value of liabilities. North American Actuarial Journal, 1(4) (October), 104–137.

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  • Tilley, James A. (1992). An actuarial layman’s guide to building stochastic interestrate generators. Transactions of the Society of Actuaries, 44, 509–564.

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  • Vanderhoof, Irwin T. and Edward I. Altman, eds. (1998). The Fair Value of Insurance Liabilities. Kluwer, Boston.

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Author information

Authors and Affiliations

  1. Ernst & Young, USA

    J. Peter Duran

  2. Ernst & Young, USA

    Andres E. Vilms

Authors
  1. J. Peter Duran
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  2. Andres E. Vilms
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Editor information

Editors and Affiliations

  1. Stern School of Business, New York University, USA

    Irwin T. Vanderhoof  & Edward I. Altman  & 

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© 2000 Springer Science+Business Media New York

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Duran, J.P., Vilms, A.E. (2000). Modeling Fair Value Financial Reporting Results For The Single Premium Deferred Annuity. In: Vanderhoof, I.T., Altman, E.I. (eds) The Fair Value of Insurance Business. The New York University Salomon Center Series on Financial Markets and Institutions, vol 5. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4623-8_6

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  • DOI: https://doi.org/10.1007/978-1-4615-4623-8_6

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-7090-1

  • Online ISBN: 978-1-4615-4623-8

  • eBook Packages: Springer Book Archive

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