Valuation of insurance company shares

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000nab a2200000 i 4500</leader>
    <controlfield tag="001">MAP20071506335</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20080418125045.0</controlfield>
    <controlfield tag="007">hzruuu---uuuu</controlfield>
    <controlfield tag="008">050124e20050101esp||||    | |00010|eng d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">6</subfield>
    </datafield>
    <datafield tag="100" ind1="1" ind2=" ">
      <subfield code="0">MAPA20080067090</subfield>
      <subfield code="a">Dias, Stephen</subfield>
    </datafield>
    <datafield tag="245" ind1="1" ind2="0">
      <subfield code="a">Valuation of insurance company shares</subfield>
      <subfield code="c">by Stephen Dias</subfield>
    </datafield>
    <datafield tag="500" ind1=" " ind2=" ">
      <subfield code="a">Ponencia presentada en el MBA  Executive </subfield>
    </datafield>
    <datafield tag="520" ind1="8" ind2=" ">
      <subfield code="a">Valuation approaches in general -- Comments on approaches -- Sum of the parts -- Dynamic approach needed for valuation -- Do not forget the basics! -- Special situations -- Beware rights issues! -- M&A-short term probability model -- P/B and ROE-definitions -- P/B and ROE-determination of K -- P/B and ROE-the formula -- P/B and ROE-Other variations-fade approach -- Valuation and share prices -- Valuation of insurance company shares -- Special features of insurance business -- Life assurance -- Profit  signature of endowment policy -- Accounting and valuation implications -- Non life insurance -- Example of underwriting results-Premium =100 -- Valuation implications -- Definitions of the key valuation terms in insurance -- EV methodology -- ROEV approach now in place -- Adjustments from stated figures to EV figures -- Main adjustments towards EV -- Example of adjustments to IAS equity to embedded value -- An example: RAS EV- A daily updated is applied -- An example: RAS ROEV -- The appraisal value approach -- Comments on appraisal values -- Reconciliation  between P/EV and appraisal value -- Disclosures</subfield>
    </datafield>
    <datafield tag="650" ind1="0" ind2="1">
      <subfield code="0">MAPA20080590567</subfield>
      <subfield code="a">Empresas de seguros</subfield>
    </datafield>
    <datafield tag="650" ind1="1" ind2="1">
      <subfield code="0">MAPA20080609184</subfield>
      <subfield code="a">Valoración de empresas</subfield>
    </datafield>
    <datafield tag="650" ind1="1" ind2="1">
      <subfield code="0">MAPA20080602437</subfield>
      <subfield code="a">Matemática del seguro</subfield>
    </datafield>
    <datafield tag="773" ind1="0" ind2=" ">
      <subfield code="g">January 2005 ; [33] p.</subfield>
      <subfield code="d">Madrid : Fundación MAPFRE Estudios</subfield>
    </datafield>
  </record>
</collection>