Fair Value of Liabilities How Do We Define “Closest” Asset Match? David Service FIA, FIAA & Jie Sun B Act S (Hons), B Comm, AIAA Presented to the Institute of Actuaries of Australia XIV General Insurance Seminar 2003 9-12 November 2003 This paper has been prepared for issue to, and discussion by, Members of the Institute of Actuaries of Australia (IAAust). The IAAust Council wishes it to be understood that opinions put forward herein are not necessarily those of the IAAust and the Council is…
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