Abstract
In North America, book value accounting for insurance companies is a basic tenet. For many, the very idea of replacing book value accounting with market-value accounting is heresy. However, a number of recent developments should help to motivate serious consideration of a market-value approach.
Comment: The paper by Mark Griffin was originally published in The Financial Reporter in March of 1992. It is an early view of the subject and undoubtedly had some effect in stimulating this conference. The remarks by Joan Lamm-Tennant are intended to not only relate to Mr Griffin’s paper, but also are an overview of all earlier papers.
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© 1998 Springer Science+Business Media Dordrecht
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Griffin, M.W., Lamm-Tennant, J. (1998). A market-value accounting framework for insurance companies. In: Vanderhoof, I.T., Altman, E.I. (eds) The Fair Value of Insurance Liabilities. The New York University Salomon Center Series on Financial Markets and Institutions, vol 1. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-6732-2_6
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DOI: https://doi.org/10.1007/978-1-4757-6732-2_6
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-5178-6
Online ISBN: 978-1-4757-6732-2
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