Description: This paper presents a theoretical framework for moving from book value accounting toward market value accounting. From Actuarial Research Clearing House 1993. VOL. 1.

Description: This paper introduces a conjecture as to a method for estimating how much has to be added to the probability of ruin by n claims to obtain the probability of ultimate ruin. From the Actuarial Research Clearing House 1994 Vol. 2 .

Description: This article analyzes a fixed premium interest sensitive life contract with the objectives of developing an approach to estimating its market value and assessing various notions of its duration. The results of these analyses have implications for market value accounting of life insurance liabilities and for life company portfolio management.

Description: This paper examines inclusion of the value of future new business in value-added financial reporting. The objective of the paper is to develop methods to provide useful information to management that links the pricing, planning and reporting process.