Transcription of Principles and models for the Embedded Value …
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Trieste February 2012 Principles and models for the Embedded Value calculation 2 AGENDA 1. Methodological Aspects: from the Traditional to the Market Consistent Embedded Value 2. CFO Principles : the MCEV framework 3. Stochastic scenarios: calibration and validation 4. Asset and Liabilities valuation: looking for a consistent approach through the risk free definition 5. The MCEV calculation : a simple and practical example 3 AGENDA Limits of traditional Embedded Value CFO Forum and EEV Principles Getting to grips with Embedded Value Basic definitions: Embedded Value Why not just using the Balance Sheet? Value of in-force business (VIF) From Traditional to Market Consistent EV Market Consistent Embedded Value Traditional EV: technical aspects 1. Methodological Aspects: from the Traditional to the Market Consistent Embedded Value 4 AGENDA Limits of traditional Embedded Value CFO Forum and EEV Principles Getting to grips with Embedded Value Basic definitions: Embedded Value Value of in-force business (VIF) From Traditional to Market Consistent EV Market Consistent Embedded Value Traditional EV: technical aspects 1.
Trieste – February 2012 Principles and models for the Embedded Value calculation
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