Embedded [Economic] Value versus Fair Value versus U.S. GAAPhigher return than a term product, where the primary variability is really on mortality and not in the ... 113 and SFAS 120) remain operative and are the primary standards affecting the actuary's work. Then ...
Description: This session at the SOA 2003 Washington, DC Spring Meeting is a debate on the pros and cons of three alternative reporting methods -Embedded [Economic] Value, Fair Value and U.S. GAAP - as measures of shareholder-value creation and as pricing tools. Each speaker describes his preferred method, emphasizing the uses and advantages of the method, and critiques the other methods.Hide
- Authors: Morris Chambers, Daniel J Kunesh, Kenneth LaSorella, Hubert B Mueller
- Date: May 2003
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Financial Reporting & Accounting