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Paper and presentation archive 2006

Reporting to the Board on the results of your ICA work. Questions [mp3 sound file]

Actuareis and the law. Half-day seminar, 12 September 2006

Whistleblowing - Why, where, when and when not to!

Actuaries and the law. Half-day seminar, 12 September 2006

Whistleblowing - Why, where, when and when not to! (slides)

Catastrophe Modelling Seminar, 6 July 2006

Perspectives on terrorism modelling (handouts)

Client Care for Consulting Actuaries seminar 2006

Treating customers (& client!) fairly. A practical and rewarding approach for consulting actuaries (handouts)
Treating customers (& client!) fairly. A practical and rewarding approach for consulting actuaries (handouts)

Conflicts and Confidentiality seminar 2006

A non-actuarial view of conflicts (handouts)
Other people's conflicts. A scheme actuary's perspective (handouts)
Other people's conflicts. A scheme actuary's perspective (handouts)
Other people's conflicts. A scheme actuary's perspective (handouts)
Other people's conflicts. A scheme actuary's perspective (handouts)
Other people's conflicts. A scheme actuary's perspective (handouts)
A non-actuarial view of conflicts (handouts)

Critical illness - MOT or cosmetic surgery? One-day seminar, 6 December 2006

Capital and risk management. A case study (handouts)
Capital and risk management (handouts)

Critical illness - MOT or cosmetic surgery? One-day seminar, Staple Inn, 6 December 2006

Reviewable premiums (handouts)

Critical illness – MOT or cosmetic surgery? seminar, December 2006

CMI Critical illness investigation

Current issues in funding for pensions actuaries. Half-day seminar, 3 October 2006

Regulating pension scheme funding (handouts)

Current Issues in General Insurance 2006

The New General Insurance Guidance Notes (Handout)

Current Issues in General Insurance seminar 2006

Measuring reserve uncertainty (handouts)
Measuring reserve uncertainty (handouts)
Current issues in the Irish insurance market (handouts)

Current issues in investment for pensions actuaries seminar, 13 February 2005

Swaps and other banking products (slides)

Current issues in investment for pensions actuaries seminar, 13 February 2006

Private equity: the proposition and practical considerations (handouts)

Current Issues in Life Assurance seminar, May 2006

Solvency 2 - Technical and professional challenges (handouts)
Developments under European and market-consistent embedded values (handouts)
Solvency 2 - Technical and professional challenges (handouts)
Solvency 2 - Technical and professional challenges (handouts)
CILA - Accounting issues update (handouts)
CILA - Accounting issues update (handouts)
Current topics in with profits (handouts)
Solvency 2 - Technical and professional challenges (handouts)

Current Issues in Pensions seminar, Autumn 2006

Member options: commutation and other choices (handouts)

Current Issues in Pensions seminar, Spring 2006

Duties of the modern trustee (slides)
Developments in longevity (handouts)
Simplification and all that ... (handouts)
Developments in longevity (slides)
Sponsor covenant risk and actuarial advice (handouts)
Duties of the modern trustee (handouts)
Sponsor covenant risk and actuarial advice (handouts)
The Pensions Regulator - Scheme Funding (handouts)
Sponsor covenant risk and actuarial advice (handouts)

Designated Professional Body seminar, 10 April 2006

Current issues
FSA review of DPB supervision
Introduction

Enterprise Risk Management 2006

Enterprise risk management (Handout)
RAMP - Analysis and Management for Projects (Handout)

Enterprise Risk Management Seminar, 26 June 2006

A US perspective on enterprise risk management (handouts)
ERM - tying it together (handouts)

Finance, Investment & Risk Management Board Networking Evening, 13 February 2006

What do actuaries need to do to become serious broad financial service risk managers? Transcript of discussion

Finance, Investment and Risk Management Conference 2006

Being a responsible investor doesn't damage your wealth (handouts)
Learning to live within a risk budget (handouts)
Introduction to the Financial Reporting Council (FRC) and the Board for Actuarial Standards (BAS) (handouts)
Operational risk - a storm is coming (slides)

Finance, Investment and Risk Managment Conference 2006

Non-traditional (unconstrained) benchmarks (handouts)
Risk management 2011? A personal view (handouts)

General Insurance Convention 2006

ERM in general insurance (handouts)
Challenges for Australian GI actuaries this summer (handouts)
Using the work of other professionals (handouts)
General Insurance Premium Rating Issues Working Party (GRIP) (handouts)
D&O pricing, not as easy as ABC (handouts)
Capital structures in insurance (handouts)
General Insurance Board Report (handouts)
Embedding capital models in the business (handouts)
Financial economics and insurance (handouts)
Solvency II (handouts)
Solvency II: Risk Margin Comparison. Letter from Annette Olesen, Groupe Consultatif, to Paul Sharma and Sam McAuliffe, Financial Services Authority
Lloyd's agent reserve benchmarking pack
Report of the data quality working party (2006)
Risk management for GI actuaries (handouts)
Using R in insurance
Update from the General Insurance Board (handouts)
Embedding capital models in the business
Reinsurance pricing: practical issues and considerations
Managing for profit and effective pricing governance in the London Market (handouts)
Top down / bottom up correlation (handouts)
Reinsurance matters (Workshop)
Need to measure the uncertainty in your reserves? How are you going to do that? [copies of slides only]
Report of the Catastrophe Modelling Working Party
Reserving for Solvency II. What might we reasonably expect? [copies of slides]
Time horizon solved!
Report of the Catastrophe Modelling Working Party (handouts)
Treating customers fairly (handouts)
Embedding capital models in the business
An actuarial toolkit. Introducing "The Toolkit Manifesto"
Large loss energy analysis
GRIT [copies of slides]
A review of papers relevant to non-life reinsurance (with a liability focus)
Working Parties in the CAS [copies of slides]
Why run-off companies should take DFA seriously [copies of slides only]
Joined-up risk management - linking pricing, reserving and capitalisation
Recommendations for general insurer risk management
Understanding the customer value chain [copies of slides only]
Solvency II and Basel II - What can actuaries learn? [copies of slides]
General insurance reserves for accounting and solvency: incorporating provision for risk (handout)
Financial economics and insurance
The Actuarial Prediction Survey (Handout)
Actuaries excel: but what about their software?
The Austrian Perspective (handout)
UK domestic update and Solvency 2 - Pillar 3 (handout)
Catastrophe risk aggregation (handout)
ERM in general insurance (handout)
Solvency II - Recent developments and implications (slides)
Using the work of other professionals. Case studies
The power of group thinking and its impact on actuaries (handout)
Lloyd's issues (slides)
Agent reserve benchmarking pack
General insurances reserves for accounting and solvency: incorporating provision for risk

General Insurance Convention 2007

Individual claim loss reserving conditioned by case estimates (handout)
Sizing up the non-life risk modules in the current Solvency II proposals (handout)

Groupe Consultatif Colloquium, 2006

Current mortality issues

Healthcare Conference 2006

Critical Illness Trends Research Group Update (handouts)
IP trends by cause of disability
The price to pay for enhanced annuities (handouts)
Commissioning skills (handouts)
Approaches to reviewing CI premiums. Questions and answers
Protection: a market in need of change (handouts)
The Safe Birth Campaign
Flexible benefits - a risky business (handouts)
Selling family protection direct to the customer
Approaches to reviewing CI premiums. Sample letters for premium increase and premium decrease
Critical Illness Trends Research Group Update
Financial impact of using reinsurance for healthcare business
Enhancing the profitability of healthcare business. The case for effective pricing
Approaches to reviewing CI premiums (Handout)
Income Protection. The sales dilemma (handout)
Are we getting better? No you are not! A view from the 'slightly sharper' end (Handout)

Healthcare Conference 2006. Are we getting better?

Moving forward: towards a fair and adequate funding system for long-term care
A users guide to CMI CI experience

Highlights of the 2005 Life Convention seminar

Corporate governance and risk management: ticking boxes or creating value? (handouts)
Leadership (handouts)
Life securitisation (handouts)

ICA Modelling Seminar, 20 April 2006

ICA Working Party next steps. Chairman's closing remarks [mp3 sound file]
Insurance premium risk, competition and the insurance cycle. Questions [mp3 sound file]
Aggregation, correlation, diversification and group issues. Presentation [mp3 sound file]
Insurance premium risk, competition and the insurance cycle. Presentation [mp3 sound file]
Parameter uncertainty. Questions [mp3 sound file]
Parameter uncertainty. Presentation 2 [mp3 sound file]
Chairman's opening remarks [mp3 sound file]
Capital modelling for general insurance ICAs. Presentation [mp3 sound file]
Reporting to the Board on the results of your ICA work. Presentation [mp3 sound file]
Capital modelling for general insurance ICAs. Questions [mp3 sound file]
Parameter uncertainty. Presentation 1 [mp3 sound file]

ICA modelling seminar, 20 April 2006

Reporting to the Board on the results of your ICA work
Parameter uncertainty
Capital modelling for general insurance ICAs

Investment strategy for pensions actuaries seminar, 26 January 2006

LDI (liability driven investment) and return solutions. MLIM - Equity Manager perspective (handouts)
Liability driven investment. A bond manager's perspective (handouts)

Life Convention 2006

ABI CI review and beyond (handout)
How to get on in business (Handout)
ICAS. Making the most of your FSA feedback (Handout)
Risk management in insurers. Is ICAS making a difference? (slides)
Improving portfolio analysis. GLMs in life and health insurance (handout)
Pension term assurance - the truth behind the hype (Handout)
Collaboration, conflict or confusion. Understanding the responsibilities of providers and distributors for the fair treatment of customers (Handout)
Projecting realistic balance sheets (Handout)
Practical experiences of using CMI models for projecting annuitant mortality (handout)
IFRS Phase II: Sorting out insurance accounting once and for all (handout)
Oversight of the Profession by the Financial Reporting Council (FRC) (handout)
Good, better, best practice: A look at how actuaries are meeting today's challenges with respect to ICA, EV and Regulatory Reporting (slides)
Using derivatives to meet shareholder and policyholder objectives (slides)
Actuarial systems and controls - the challenge (handout)
European embedded value - bottoms up! (handout)
Getting the most from a Treasury function (handout)
The impact of A-day and pensions reform on the pensions landscape (handout)
Unit pricing in the twentyfirst century (handout)
Consumers' understanding of risk (handout)
Pandemic influenza. A timely example of what a mortality stress scenario might look like (handout)
Bulk annuities - creating a market (handout)
Risk and capital management: creating a competitive advantage (slides)
ICAS for small firms (slides)
Fundamental legal concepts for life actuaries (handout)
Disclosure and projections for life assurance and pension policies (handout)
Turbo charging your actuarial function (slides)
The Life Industry Model - can everyone (or anyone) win? (handout)
Equality release assumption setting (handout)
Offshoring operations - a life company perspective (handout)
Personal branding (handout)
Treating life customers fairly (slides)
Securitisations (handout)
Risk/value trade-off in strategic investment decisions (slides)
ICA and ICG. A life office's experience (handout)
Solvency II. Challenges and industry impact (handout)
The effect of management discretion on hedging and fair valuation of participating policies with maturity guarantees (slides)
Calculating insurance liabilities in an IFRS Phase II/Solvency II world (handout)
Solvency II - Developments, issues and possible implications (handout)
Standard Life 'Going public' (slides)
Product pricing and allowance for ICA (handout)
EEV and MCEV standards (handout)
A whole new world...Or implications for life insurers of CP06/16 on the risk management and pricing of term assurance (handout)
Longevity - risk and opportunity (handout)
De-risking with-profits customers fairly (slides)
Operational risk in life insurers (handout)
Assessing multi-asset investment strategies for annuity funds (handout)
Financial education.You're never too young to start (handout)
Practicalities of protection experience analysis (handout)
Child trust fund - A Trojan Horse or a White Elephant? (handout)
Re-designing PPI - Opportunities for life insurers (handout)
Fundamental legal concepts for life actuaries 2007 (handout)

Life insurer taxation seminar, 12 June 2006

Papers presented at the seminar

Mortality and longevity seminar 28 June 2006

CMI mortality experience (handouts)

Mortality and longevity seminar, 28 June 2006

Olivier-Smith model (handouts)
Modelling and measuring uncertainty in mortality forecasts and Lee Carter (handouts)
Projection of mortality rates as illustrated by Weibull distribution (handouts)
Initial thoughts on mortality (handouts)
Smoothing and forecasting mortality rates with P-splines (handouts)
Mortality and longevity - making financial sense of the highly uncertain. Transcript

Non-executive directors seminar, 16 October 006

European and market-consistent embedded values (handouts)

Pension finance and economics seminar, 10 February 2006

Corporate cross-holdings of equity, leverage and pensions: simulation and empirical evidence from the UK (handouts)
Corporate cross-holdings of equity, leverage and pensions: simulation and empirical evidence from the UK (handouts)
Corporate cross-holdings of equity, leverage and pensions: simulation and empirical evidence from the UK (handouts)
DC investment and choice: lessons from US 401(k) plans (handouts)
The corporate governance of defined benefit pension plans: evidence from the United Kingdom (handouts)
Corporate pension funding and credit spreads (handouts)

Pension scheme wind-ups seminar, November/December 2006

Current legal issues with scheme terminations (handouts)
Current legal issues with scheme terminations (handouts)
Current legal issues with scheme terminations (handouts)
Current legal issues with scheme terminations (handouts)
Current legal issues with scheme terminations (handouts)
Current legal issues with scheme terminations (handouts)

Pensions Convention 2006

Longevity - the hidden risk (handouts)
Scheme modifications. The subsisting rights requirements (handouts)
Who wants to be a trustee? (handouts)
Lessons from politics (handouts)
Closed pension schemes (handout)
Pension Protection Fund levies - past, present and future (handout)
Clearance - are we all clear about it? (handout)
The top ten papers every scheme actuary should know about 2006 (handout)
Beyond Morris: the role of the Profession (handout)
International issues in pensions - round up of developments (handout)
Touching the void: an introduction to share options (handout)
Finance Act 2004: What has changed for the ordinary member (handout)
Cash commutation. An employer's actuary view (handout)
Advising scheme sponsors (handout)
From LDI to hedge funds. Where to place your bets in the new investment world (handout)
Two "big" topics: Financial Reporting Council, and Strategy Review (handout)
Options for bridging the funding gap (handout)
Pensions for senior executives: Changes after A day (handout)
Conflicts of interest (handout)
Mergers & acquisitions - market developments (handout)
Peer review (handout)
The role of company pensions (handout)
Sponsor covenant: a case study (handout)

With profits seminar, 16 October 2006

Challenges around PPFM and CFPPFM (handouts)
Risk management in with profits funds (handouts)
Risk management in with profits funds (handouts)

Younger Members' Convention 2006

Pensions as a deal breaker (handouts)
Operational risk - a practical guide (handouts)