Fair Valuation of Liabilities. Abstract of the Discussion held by the Institute of Actuaries abstract of the discussion held by the institute of actuaries Mr S. Thompson, F.I.A. (introducing the paper):In the paper we have emphasised the prudential supervision of United Kingdom long-term insurance business. We hope, though, that many of our comments will be found to be of wider application, both geographically and by type of business. We have set out, in Section 6, some general principles to be followed in se…
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