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Embedded Value: Practice and Theory
(EC): 0.5(1 ) .NB t tEC VNB RDR= × + (17) Formula (17) makes intuitive sense in that the VNB, computed ... in-force business, and free surplus have been given by (17), (21), and (24), respectively. Continuing with the ...- Authors: Robert Frasca, Kenneth LaSorella
- Date: Mar 2009
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Actuarial Practice Forum
- Topics: Finance & Investments>Capital management - Finance & Investments; Finance & Investments>Economic value