Özet:

While insurance companies aim not only meet its liabilities but also get surplus to ensure the growth in the occurrence of financial and demographic changes, they are affected by market risks including fluctuating interest rates, inflation rates, exchange rates and by systematic non-market risk including changes in audit criteria and legal arrangements made by tax laws. Insurance companies have ability to price and measure market risk limits and manage them by using treasury instruments, derivative products and futures currency contracts due to the presence of an active market for securities with same uncertainty. Methods that avoid occurrence of earlier time loadings, expected to occur in the future, and capitalization but only allowing loadings emerged at that time should be used in the valuation of life insurance. Within the scope of this article, using paid-up valuation method is recommended instead of net premium valuation method for insurance companies operating in Turkey

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