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This book explains how property valuation is undertaken for the purposes of taxation and determining compensation for compulsory acquisition in Australia together with how property valuation is undertaken for financial reporting purposes, or regulatory valuation.
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Each chapter is self-contained and provides students with the required background knowledge, context, and relevant references to motivate students and to enable them to successfully undertake research in these areas.
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After a general look at the pension issue and some basic elements of demography, the main methods of financing a pension plan, for example pay-as-you-go or funding, are described in a unified way.
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Yet, mutual and micro-insurance is becoming increasingly important, both in the Western and in the... Læs mere
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Currently, there are many new developments in this area in the financial and insurance industry (Basel III and Solvency II), but none of these developments provides a fully consistent and comprehensive framework for the analysis of solvency questions.
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Dealing with all aspects of risk management that have undergone significant innovation in recent years, this book aims at being a reference work in its field.
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Modern Actuarial Risk Theory contains what every actuary needs to know about non-life insurance mathematics. It starts with the standard material like utility... Læs mere
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This book provides an introduction to investment appraisal and presents a range of methods and models, some of which are not widely known, or at least not well covered by other textbooks.
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In risk theory developed to describe insurance companies [1,2,3,4,5J, the ruin probability of a company with initial reserve (capital) u is 6 1 -:;-7;;f3 u 1jJ(u) = H6 e H6 (1)... Læs mere
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It discusses the evolution and changing features of the Indian insurance industry in 3 phases: phase I from 1818 to 1956, phase II from 1956 to 2000 (known as the nationalisation period) and phase III post 2000 (called the post reform period).
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This book is an overview of the hazards of firefighting, the health risks of exposure to combustion products that characterize firefighting, the... Læs mere
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From this point it establishes a risk theory and expands the work of major thinkers such as Frank Knight and John Maynard Keynes, and adds reserve capital as a new financial risk management tool, with an economic function that is different from savings.