Hostname: page-component-8448b6f56d-qsmjn Total loading time: 0 Render date: 2024-04-19T23:22:12.140Z Has data issue: false hasContentIssue false
  • English
  • Français

Realistic Liabilities and Risk Capital Margins for With-Profits Business. A Discussion Paper

Published online by Cambridge University Press:  10 June 2011

D. W. Dullaway  and
P. D. Needleman
D. W. Dullaway
Affiliation:
Tillinghast-Towers Perrin, 71 High Holborn, London WC1V 6TH, U.K., Tel: +44(0)20-7170-2378, Fax: +44(0)20-7170-2222, Email: peter.needleman@tillinghast.com
Get access Rights & Permissions [Opens in a new window]

Abstract

The paper addresses some of the practical and theoretical issues raised by the move to a market consistent calculation of realistic liabilities and solvency capital for with-profits business. It also proposes some changes to the presentation of the realistic balance sheet, which the authors believe will provide greater transparancy, and more closely reflect the way in which with-profits business should be managed in future.

Keywords

With-ProfitsRealistic Liabilities‘Twin Peaks’ ApproachRisk Capital MarginMarket Consistent ValuationGuaranteesOptionsAsset ModelsManagement Actions
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 10 , Issue 2 , 01 June 2004 , pp. 185 - 222
Copyright
Copyright © Institute and Faculty of Actuaries 2004

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Hare, D.J.P., Craske, G., Crispin, J.R, Desai, A.J., Dullaway, D.W., Earnshaw, M.A., Frankland, R., Jordan, G.A., Kerr, M.G., Manley, G.M., McKenzie, J.L., Rae, R.A. & Saker, M.C. (2004). The realistic reporting of with-profits business. British Actuarial Journal, 10, 223–293.CrossRefGoogle Scholar