There has been considerable discussion on a variety of issues related to fair value in the actuarial literature, both in conferences and among individuals interested in this topic. Unfortunately, we seem to be failing to communicate due, in part, to inconsistent use of terminology. The goal of this discussion paper is to present a few concepts that we hope will be of use in the broader discussion of fair value of liabilities.
Are big ransom payments a smart response to the global menace of ransomware?
Many companies find it helpful to assess the associated risks through multiple lenses, including: “Business Risk” lens Reputation: payments can strengthen the...