MVA - Market Value Accounting

  • Market value accounting presents the real economic "worth" of the insurance operation, and shows how that worth can and does change when the external environment changes.
    • This information is valuable on a going concern basis as well as on a sale or liquidation basis, since an insurance company cannot be managed indefinitely as a pyramid scheme.

--  Joseph J. Buff, Research Associate with Morgan Stanley

1986 - SOA - Corporate Modeling and Forecasting (Practical Aspects of the Valuation Actuary Recommendations), Society of Actuaries - 42p

  • 1992 - SOA - A Market-Value Accounting Framework for Insurance Companies, by Mark W. Griffin, The Financial Reporter, no. 15 (March):1–2, 1992 Society of Actuaries 
  • 1993 - SOA - A Market Value Balance Sheet: Why and How, by M. C. Modisett, Society of Actuaries - 14p