An Alternative to the Net Premium Valuation Method for Statutory Reporting
- 1 August 1996
- journal article
- Published by Cambridge University Press (CUP) in British Actuarial Journal
- Vol. 2 (3) , 527-621
- https://doi.org/10.1017/s1357321700003500
Abstract
This paper reviews the present statutory valuation method and regime. It discusses the usefulness and effectiveness of the method in relation to the current range of insurance contracts. It suggests a possible alternative approach to statutory valuation which could enable offices to demonstrate both their solvency and their ability to meet policyholders' reasonable expectations. It reviews the effects of introducing the suggested method and its relationship with other current reporting issues.Keywords
This publication has 2 references indexed in Scilit:
- Valuation of individual investment-linked policiesJournal of the Institute of Actuaries, 1978
- A Solvency Standard for Life Assurance BusinessJournal of the Institute of Actuaries, 1966