Members of the GI ROC committee and terms of reference

Workstreams

The work of GI ROC is also being undertaken by four separate workstreams.

• Effectiveness of Reserving Methods Working Party
  (Chairman: Steven Fisher) Terms of reference
  • Please click here for details of the GI ROC Effectiveness of Reserving Methods research exercise
• The Implications of the Underwriting and Reserving Cycles for Reserving Working Party
  (Chairman: Ian Hilder) Terms of reference
  
  
• Reserving: Making Allowances for Changes in Terms and Conditions and Other Coverage Issues Working Party
  (Chairman: Ian Hilder) Terms of reference
  
  
• Reserve Uncertainty Working Party
  (Chairman: Neil Bruce)
  
  
• Membership of the Working Parties

Work of GI ROC

• General insurance reserving: Actuarial best estimates and proxy methods [pdf, 67 kb]
  A commentary from the Actuarial Profession's General Insurance Reserving Oversight Committee (GI ROC)
  
  
• Best estimates and reserving uncertainty [pdf, 2.3 mb]
  Paper produced by the ROC/GIRO Working Party for GIRO 2007
  
  
• Quantification and reporting of uncertainty for GI reserving.
  A paper produced by the Reserving Oversight Committee of the Actuarial Profession
  August 2007 [pdf, 52 kb]
  The GRIT Report (A change agenda for reserving, presented to the Institute of Actuaries on 27 March 2006) recommended that 'an actuary should be required to show a numerical estimate of uncertainty in any formal report wherever a point of estimate of reserves is supplied' (para 1.5.2). The purpose of this paper is to set out the views of the members of ROC on how this recommendation should be implemented in practice.

See also the presentations made by GI ROC to the main GIRO Convention in 2007 (and to the GI ROC re-run seminar on 30 October 2007)

• GI ROC Update [pdf]
  Tony Jones and Lis Gibson
  
  
• ROC. The implications of the underwriting and reserving cycles for reserving [pdf]
  Ian Hilder, Mark Rothwell, James Toller
  
  
• Best estimates and estimating uncertainty [pdf]
  Lis Gibson
  
  
• Effectiveness of reserving methods working party [pdf]
  Richard Winter and Steven Fisher
  
  
• Reserving: making allowance for terms and conditions and other coverage issues [pdf] See also powerpoint presentation
  Ian Hilder