Zimmermann, Jochen; Veith, Stefan; Schymczyk, Johannes - In: The Geneva Papers on Risk and Insurance - Issues and … 40 (2015) 2, pp. 209-231
Insurance companies increasingly augment their financial reports by releasing actuarial measures—the so-called embedded value—to supply information about the value of their life insurance activities. Both accounting and actuarial measures differ with respect to the timeliness of profit...