volume 11, issue 3, P407-479 2005
DOI: 10.1017/s1357321700003226
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P. J. L. O'Keeffe, A. J. Desai, K. Foroughi, G. J. Hibbett, A. F. Maxwell, A. C. Sharp, N. H. Taverner, M. B. Ward, F. J. P. Willis

Abstract: ABSTRACTThis paper reviews the developments in reporting of traditional embedded value and summarises some of the reasons why this is now undergoing change. It considers the purpose of an embedded value calculation and the effect of differing attitudes to risk. It comments on the recently developed European Embedded Value Principles and sets out the main areas where scope remains to apply judgement.The paper proposes the market-consistent embedded value framework as a way forward to help provide guidance in so…

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