Financial Management of Life Insurance Companies

1. Front Matter

   Pages i-xiii

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2. Life Insurance and the Question of Solvency

   • Salvatore R. Curiale

   Pages 1-5

3. Considerations in a Mutual Life Insurance Company Conversion

   • Harry D. Garber

   Pages 7-15

4. Banking and Insurance: A Banking Industry Perspective

   • Anthony M. Santomero

   Pages 17-43

5. The Myths and Reality of Low-Grade Bonds

   • Marshall E. Blume, Donald B. Keim

   Pages 45-67

6. The Paradox of Performance Measurement

   • William H. Panning

   Pages 69-100

7. Estimating Divisional Cost of Capital for Insurance Companies

   • Franklin Allen

   Pages 101-123

8. Corporate Risk Management and the Insurance Industry

   • Clifford W. Smith Jr.

   Pages 125-149

9. Asset/Liability Management: From Immunization to Option-Pricing Theory

   • Elias S. W. Shiu

   Pages 151-166

10. Scorekeeping in the 1990’s: Financial Issues of Multinational Insurance Organizations

    • Michael Touhy, Andrew Giffin

    Pages 167-191

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.

• Banking
• Banking Industry
• Finance
• Hedging
• organization

• The Wharton School, University of Pennsylvania, USA

  J. David Cummins

• Villanova University, USA

  Joan Lamm-Tennant

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