Description: This paper focuses on the role of holism in enterprise risk management ERM. The performance measure known as market consistent embedded value is discounted for being overly reductionistic. The concept of an economic capital charge or credit is seen here as a potential bridge from the reductionistic to the holistic approach. It shows some promise for achieving holism, but falls short.

Description: Discussion of a survey inquiring into the use of Embedded, or Shareholder, Value by U.S. and European Insurance Companies

Description: Starting in 2003, the Society of Actuaries International Experience Study Working Group has been conducting surveys of published embedded value financial assumptions. This article updates the survey with 2007 data.

Description: This paper illustrates the calculation of embedded value of an insurance company. The principles should be applicable to similar calculations for other companies.

Description: Slides from a panel discussion session at the Spring meeting of the Society of Actuaries held in San Antonio, Texas, June 14-15, 2004 Discussion of the basics of actuarial appraisals: Panelists discussed the reasons to perform an actuarial appraisal, the processes involved, issues that should be addressed and assumption development.

Description: A discussion of the use of stochastic modeling in Embedded Value financial reporting

Description: An Overview of Embedded Value and its uses, its advantages versus other financial reporting methodologies, recent trends and an outlook into the future.

Description: A discussion of European CFO Embedded Value Guidelines

Description: This article presents the results of a survey of financial assumptions contained in 2003 embedded value reports. The purpose of the survey was to provide international actuaries with benchmark assumption data and to enhance the knowledge of actuaries about current international market conditions and practices.

Description: This paper provides a novel approach to the valuation of the market value of economic surplus that is stable and immune from “market noise”.