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th This book is published to commemorate the 50 Anniversary of the S.S. Huebner Foundation for Insurance Education. Administered at the Wharton School of the University of Pennsylvania, the Huebner Foundation was established in 1941 to strengthen insurance education at the collegiate level by increasing the number of professors specializing in insurance and enriching the literature in the field. The financial support of leading life insurance companies has enabled the Foundation to provide post-graduate education for prospective insurance teachers and scholars. Through its fellowship program, the Foundation supports students in the Ph.D. program in Risk and Insurance at the Wharton School. The success of the Foundation is measured by the accomplishments of its alumni. Former Huebner Fellows play leading roles in every major area of insurance education. Fellows teach insurance to tens of thousands of undergraduate and MBA students each year and have written hundreds of books and thousands of articles on insurance. Fellows hold leadership positions at the American College, the Life Office Management Association, and the Certified Employee Benefit Specialist Program. The Foundation was created in honor of Dr. Solomon S. Huebner, a pioneer in insurance education. Dr. Huebner taught the first organized course on the economics of insurance ever offered at the collegiate level in 1904. An internationally recognized author and teacher, Dr. Huebner had a profound impact on both insurance education and the insurance industry. He served on the faculty of the Wharton School for more than nearly fifty years.
Foreword. Preface. Technology and the Global Insurance Market; B. Sims. 1. Life Insurance and the Question of Solvency; S.R. Curiale. 2. Consideration in a Mutual Life Insurance Conversion; H.D. Garber. 3. Banking and Insurance: a Banking Industry Perspective; A.M. Santomero. 4. The Myths and Realities of Low-Grade Bonds; M.E. Blume, D.B. Keim. 5. The Paradox of Performance Measurement; W.H. Panning. 6. Estimating Divisional Cost of Capital for Insurance Companies; F. Allen. 7. Corporate Risk Management and the Insurance Industry; C.W. Smith, Jr. 8. Asset/Liability Management: from Immunization to Option-Pricing Theory; E.s.W. Shiu. 9. Scorekeeping in the 1990's: Financial Issues of Multinational Insurance Organizations; M. Touhy, A. Giffin.