Abstract: The theory underlying the economic value of library benefits is outlined, and research (mainly in Australia and New Zealand) is reviewed. A UK research project examined four methods of assessing benefits in economic terms with particular attention to a consensus “market value” model. In developing the “market value” model one key variable is the relationship of book reads to book prices. A prototype value added schedule gives estimates of value for different library services to compare estimated total benefits with total costs. For UK public libraries, calculations show that the economic value of library benefits exceeds costs incurred, with social and intangible benefits in addition. New performance indicators are suggested by the research. It is shown how the methodology can be extended from public libraries to a parliamentary library and also to the economic and social costs of crime.

Abstract: The U.S. market in subsidized commodity revenue insurance contracts has expanded rapidly since 1996. By far the most prevalent contract forms are crop-specific, rather than the whole-farm design which has a better claim to being optimal. For an arbitrary acre allocation vector, this paper inquires into absolute and relative determinants of the actuarial costs of these forms. The actuarial value of whole-farm insurance increases under a particular characterization of >more systematic= risk, whereas the actuarial value of insurance through crop-specific contracts need not change. Upon fixing stochastic revenue interactions, we identify conditions such that the expected cost of revenue insurance via crop-specific contracts is increasing under a more dispersed vector of location-and-scale adjusted revenue guarantee parameters. Then we identify two precise requirements such that the actuarial values of the two contract forms converge. To give insights on the difference, fair premiums for whole-farm and crop-specific contracts are compared for typical farms in two states.

Abstract: A Life-Time Value (LTV) system is a data-driven computer-facilitated financial model that provides accurate and consistent profitability projections using current period account level profitability data stored in a Relational Database Management System (RDBMS). The Life-Time Value system performs Net Present Value (NPV) and Future Value (FV) processing using business-rule and data-driven applications that embrace the current period profit components, defines forecast periods, parameters and methodologies, and applies appropriate growth values, attrition values and propensity values to an object of future value interest.

Abstract: Separate accounts of life insurance carriers receive premiums for company owned life insurance (COLI). The premiums are invested in a stable value fund along with net premiums from other separate accounts. The stable value fund enters into a derivative contract with a stable value provider. The stable value fund calculates and reports book value of the investments to the separate accounts, which report the book value to the policy holders. The separate account investors share in the potential risk and reward from early withdrawals by other fund investors.

Abstract: Within the value creation chain of an insurance company the role of sales networks is fundamental, as creating shareholder value is strictly linked with creating customer value.

Abstract: This paper studies some fundamental issues concerning the relation between market value of equity and the fair value of financial derivatives determined according to International Accounting Standard No. 39, Financial Instruments: Recognition and Measurement (IAS 39) in non-aktive markets. It is shown that the fair value of a financial derivative is not relevant in a non-active market. It is also demonstrated that in a setting of a non-active market, determining the fair value under the fiction of an active market does not take all available information into account. Additionally, it is noted that the definition of fair value in non-active markets according to IAS 39 has two consequences: (i) The market value of equity at the balance sheet date reflects the company's value in a fictive market situation. (ii) The fair value calculated by one valuation model is in general not unique.

Abstract: This paper introduces prevention in a model of insurance and studies the equilibrium of a game, where the agent may by testing acquire an information about his loss probability. We point out that the value of information is a complex concept. Contrary to main papers that define at most two ways of measuring the value of information, five definitions make sense in our setting. This enlargement allows to precise the working mechanisms.

Abstract: This paper analyses the ALM strategies focused to make profits in the insurance ac- tivity. At first we expose the cash flow projections particularities and then we review two funda- mental strategies: Embedded value (EV) and Economic Value Added (EVA). Their application in the insurance companies suppose a very important strategical change in the sense that are prof- its and value added creation the objectives who oriented asset-liabilities decisions and no other traditional measures as sales growth or accounting earnings. Keywords: Asset-liability management strategies (ALM) / Economic value added, (EVA) / Em- beded value (EV) / Financial value added (FVA) and profit test.

Abstract: How does a change in the risk-free interest-rate affect the value of a non-life insurance company or portfolio? Risk managers typically argue that there should be little impact as long as assets and liabilities are properly matched. However, the risk-management perspective focuses on existing assets and liabilities, while neglecting the value of future business potential. This paper argues that interest-rate changes can have a significant impact on the appraisal value of a non-life insurance company, even if assets and liabilities are matched. This impact can be positive as well as negative, depending on the underlying parameters. Relevant parameters include reserving intensity, combined ratio, business growth-rate, asset allocation, risk-capital relative to premium income and the correlation between interest-rate and technical insurance results.

Abstract: A Life-Time Value (LTV) system is a data-driven computer-facilitated financial model that provides accurate and consistent profitability projections using current period account level profitability data stored in a Relational Database Management System (RDBMS). The Life-Time Value system performs Net Present Value (NPV) and Future Value (FV) processing using business-rule and data-driven applications that embrace the current period profit components, defines forecast periods, parameters and methodologies, and applies appropriate growth values, attrition values and propensity values to an object of future value interest.

Abstract: Strategic investments are the motivation for corporations to create value Therefore, those investments should be financially evaluated from the shareholders' perspective, which is very important to achieve added value and optimization of investment The Cash Value Added model (CVA), as a new method to measure the enterprise value, can evaluate the value of strategic investments quantitively It also contributes to the value management and performance evaluation

Abstract: In order to truly maximize shareholder value, strategic decisions must be considered from four closely integrated perspectives - that of the business model, the company's financial structure, its portfolio of holdings, and the structure of its management and operations. Based on extensive research, Solving the Corporate Value Enigma shows readers how to identify, create, and capture the maximum value of their company by using a single value measure throughout all decision-making.