Diers, Dorothea; Eling, Martin; Kraus, Christian; … - In: Journal of Risk Finance 13 (2012), pp. 320-346
Purpose – The purpose of this paper is to transfer the concept of market-consistent embedded value (MCEV) from life to non-life insurance. This is an important undertaking since differences in management techniques between life and non-life insurance make management at the group level very...