Articles - Groupe Consultatif publish paper on Market Consistency

 As a first step in putting forward an actuarial view on the concept of a market consistent valuation, its real life applications, and contributing to the general insight in this domain, Groupe Consultatif has produced a paper on Market Consistency (see attached) from a theoretical point of view.

  

 The paper, which is the first in a series on this theme by Groupe Consultatif, the European association of actuaries, should be viewed as helping stakeholders in the debates with reference to Market Consistency on how best to interpret this fundamental basic principle.

 The paper also aims at providing a framework for addressing differences of opinion over what might constitute a market consistent valuation for some types of liability.

  

 The Groupe Consultatif does not aim to lobby for any economic nor political interest and the paper should only be viewed as a purely educational tool. It is envisaged that this paper will be followed by others where certain real life applications of the concept of Market Consistency such as in insurance and pensions will be explored.