Groupe Consultatif Market Consistency report

Document description

It is with great pleasure that the Groupe Consultatif, the European association of actuaries, forwards you our recent paper on Market Consistency.

The paper, which is the first in a series on this theme, reflects an actuarial view on the concept of a market consistent valuation and aims to contribute to the general insight in this domain. The paper therefore should be viewed as an educational tool with the objective to help the stakeholders in Solvency debate how best to interpret this fundamental basic principle.