Valuation of Liabilities and Distribution of Surplus: Notes, Papers and Discussion
An introductory collection for actuarial study, presenting discussions on valuing policy liabilities and how surplus funds are shared among policyholders. The material surveys methods, tables, and practical considerations used by offices and researchers, with attention to how different valuation bases affect reserves and bonuses.
The book compiles notes and papers arranged by the Institute of Actuaries Students' Society. It covers bonus reserves, mortality tables, and how the choice of valuation method influences the distribution of profits. Readers will see how loading, interest, and policy type interact to shape solvency and bonuses over time.
This edition highlights practical exercises and example calculations drawn from early research, including comparisons of premium systems, loading systems, and select loading. It also discusses quinquennial distributions and the mathematics behind interim and period bonuses, all with the aim of giving a clear view of surplus, reserves, and bonuses for different office policies.
Ideal for readers of actuarial theory and practice, and for students needing a practical introduction to surplus distribution and policy valuation.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book delves into the topic of valuing liabilities and distributing surplus within insurance companies. It explores the complexities of calculating reserves to ensure solvency and maintain future bonuses while balancing the distribution of assets to policyholders. The author examines various methods for distributing surplus, including the equitable distribution of surplus, the distribution of the divisible surplus of a life assurance company, and the Guardian method of division of profits. By exploring established practices and introducing novel approaches, this book enhances our understanding of how insurance companies can best meet their obligations while fairly compensating policyholders for their contributions. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781331931188_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331931188
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331931188
Quantity: 15 available