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, [letter to editor], FR, 5/92, p. 20 – Society of Actuaries 
  • 1993 – SOA – A Market Value Balance Sheet: Why and How, by M. C. Modisett, arch93v126 – Society of Actuaries – 14p