General Insurance Convention 2002

8-11 October 2002, Disneyland Resort Paris

The following papers were presented at the 2002 GIRO Convention. The papers are in Adobe Acrobat format.

Any queries about the Convention should be addressed to the Conference Department at e-mail: conferences@actuaries.org.uk.

Write up of Convention, by Catherine Barton [pdf]

The copyright in the content of the conference and seminar papers on this site may rest either with the authors or with the profession. Single copies may be downloaded for private study or research but more extensive copying requires the permission of the copyright owner. Should you wish to make multiple copies of any material please contact the Conference Department.


Entries for the Brian Hey Prize

Pricing excess of loss treaty with loss sensitive features: an exposure rating approach [pdf]
Ana J Mata, Brian Fannin, Mark A Verheyen
Slides [ppt, 1.3 mb]
Paper [pdf]


Insurance World 2: A complex model for managing risk in the age of globalisation [pdf]
Gionta Giuseppe


Plenary Sessions

Session A The cost of compensation culture [pdf]
Julian Lowe, Chairman

Session C Corporate risk management: the growing importance of risk data analysis [pdf]
Mark Butterworth, Chairman, Institute of Risk Management
Slides [ppt]

Session C Insurance company failure [pdf]
Roger Massey, Chairman

Session E


 

The management of losses arising from extreme events [paper, pdf]
David Sanders, Chairman
Paper [pdf, 2 mb]


Extreme events part 2. Financial catastrophes. The overthrow of modern financial theory [pdf]
David Sanders, Chairman
Slides [ppt]
Zipped spreadsheet

 

Session E World Trade Center: an update [pdf]
David Sanders
Slides [ppt]

Session E Actuaries: Broader? Deeper? or Uncertain? [pdf]
Bob Conger, President, CAS
Slides [ppt]

Session G Update on the future regulation of insurance [ppt]
John Tiner, Financial Services Authotity


Session G Operational Risk Working Party report [pdf]
James Orr, Chairman

Session J The IASB proposals and non-life insurance [pdf]
Guest speaker: Peter Clark, International Accounting Standards Board


Working Party Reports

Aviation insurance [pdf]
Justyn Harding, Chairman

 

Claims Reserving Working Party paper [pdf]
Graham Lyons, Chairman
Excel models [zip]
  • Mack.xls - Enables user to derive reserve ranges using the Mack (1994) method (Section 5.2 refers)
  • PractStoch.xls - Risk sheet for reserving Stochastic Reserving - a Case Study (2) (Section 5.3)
  • CapeCod.xls - Covers the Cape Cod Methods (Section 6)
  • LinearModels.xls - Covers linear actuarial reserving methods (Section 7) plus Generalised Cape Cod sheet using non-iterative process
European weather derivatives [pdf]
Nick Ross, Chairman

UK Household: floods, inflation and under insurance [pdf]
Rob Cowley, Chairman

Customer Value Measurement Working Party report [pdf]
David Brown, Chairman

Investment strategy [pdf]
Andrew Smith, Chairman
Slides [ppt]
Excel models [zip]
Loss portfolio transfers [pdf]
Andy Macnair, Chairman

Using the work of other professionals [pdf]
Andrew Newman, Chairman
Slides [ppt]


Workshops

Capital allocation in the Lloyd's insurance market [pdf]
Andreas Tsanakas, Chairman
Slides [ppt, 1.8 mb]

Dependent tails [pdf]
Andrew Smith, Chairman

Nash's Nobel [pdf]
Andrew Smith, Chairman

Realistic disaster scenarios for Lloyd's (RDS) [ppt, 2.6 mb]
Robert Humphreys, Chairman

Insurance related solvency regimes [ppt]
Derek Newton, Chairman

Stochastic reserving in general insurance [ppt]
Peter England, Chairman

Two approaches to calculating correlated indications across multiple lines of business [pdf]
Gerald Kirschner, Chairman

IAS - New actuarial techniques required [pdf]
Christian Partrat, Chairman
Slides [ppt]

A beginner's guide to Bayesian modelling [ppt]
Peter England, Chairman




Additional workshops, not listed in the programme

Postcode zoning in personal lines rating [pdf]
Duncan Anderson, Chairman

Fair value accounting risk margins [pdf]
Catherine Cresswell, Chair

FSA financial resource requirements [pdf]
Peter Hinton, Chairman
Slides [ppt]
Text [pdf]

Managing the operational risks of user-developed software [pdf]
Louise Pryor, Chair

Practical stochastic reserving [pdf]
Justin Skinner, Chairman




 
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