New article: ‘The aporetic financialisation of insurance liabilities’
The aporetic financialisation of insurance liabilities: Reserving under Solvency II. Charalampos Fytros. Finance and Society, EarlyView (2021). The valuation of insurance liabilities has traditionally been dealt with by actuaries, who closely monitored underlying illiquid features, assumed a long-term perspective, and exercised their own subjective, expert judgment. However, the new EU regulatory …