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Product Development in the Age of Risk-Based Capital
overstatingRBC by a small amount unlessyou're pricing an annuity. When you sell an insuranceproduct, there is generallysome ... RBC - S where S = surplusgenerated from the insuranceoperation. Substitu'dngCF + _ for A, and S + C_for ...- Authors: Michael Cowell, A Hemphill, Robert W Omdal, Application Administrator, John Dawson
- Date: Oct 1993
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Financial Reporting & Accounting>Statutory accounting; Public Policy