Market Consistent Actuarial Valuation
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It is a challenging task to read the balance sheet of an insurance company. This derives from the fact that different positions are often measured by different
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This is the third edition of this well-received textbook, presenting powerful methods for measuring insurance liabilities and assets in a consistent way, with d
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Presents powerful methods to measure liabilities and assets in the same way. The mathematical framework that leads to market-consistent values for insurance lia
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Risk management for financial institutions is one of the key topics the financial industry has to deal with. The present volume is a mathematically rigorous tex
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Achieving market consistency can be challenging, even for the most established finance practitioners. In Market Consistency: Model Calibration in Imperfect Mark