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General Insurance Convention 2007
2-5 October 2007, the Celtic Manor Resort, Wales
The papers below were presented at the 2007 General Insurance Convention, held from 2-5 October at the Celtic Manor Resort, Wales. Any queries about the seminar should be adressed to Kate Harris, Conference Officer, at e-mail: kate.harris@actuaries.org.uk.
Please note that for this event the advance conference presentations were only made available in Adobe pdf "handout" format, displaying three slides to a page. If you require the papers in any other format, please contact the Conference Officer. If you need advice on viewing and printing the papers, please refer to the Help page.
Programme [2 mb]
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.
Submissions for the Brian Hey Prize
Wednesday 3 October 2007
| Time | Title and Speaker |
| 09.00 - 10.10 | Plenary 1 The role of the Actuary Jose Vazquez, Linley Ah-Chung |
| 09.00 - 10.10 | Plenary 1 Individual claim loss reserving conditioned by case estimates Greg Taylor |
| 09.00 - 10.10 | Plenary 1 GRIP Update Duncan Anderson |
| 10.15-11.15 | Workshop A01 Schemes of arrangement Jamie Reid |
| 10.15-11.15 | Workshop A01 Lloyd's issues Henry Johnson, Veekash Badal and Jerome Kirk |
| 10.15-11.15 | Workshop A02 The Claims Actuary Malcolm Jewell and Mark Rothwell |
| 10.15-11.15 | Workshop A04 Claims reserving including count data Richard Verrall |
| 10.15-11.15 | Workshop A05 Estimating the IBNR form year of account projections Robert Murray and Rob Warren |
| 10.15-11.15 | Workshop A06 Cost of capital method of determining risk margins - dealing with neglected issues: observations from three empirical analyses Allan Kaufman, Jonathan Broughton, Glenn Meyers |
| 10.15-11.15 | Workshop A07 What does solvency II mean for UK companies John Charles and Ming Roest |
| 10.15-11.15 | Workshop A08 The modelling of reinsurance credit risk Richard Shaw |
| 10.15-11.15 | Workshop A09 Wider use of GLMs James Tanser |
| 10.15-11.15 | Workshop A10 Lloyd's issues Henry Johnson, Veekash Badal, Jerome Kirk |
| 10.15-11.15 | Workshop A11 Issues in Islamic Finance and (Re)Takaful business Mohammad Khan |
| 09.00 - 10.10 | Plenary 2 IASB Accounting Proposals and actuarial practice Ian Moran and Martin White |
| 09.00 - 10.10 | Plenary 2 Solvency II - much achieved, but lots more to do Steven Wells |
| 09.00 - 10.10 | Plenary 2 Solvency II - European update Annette Olesen |
| 09.00 - 10.10 | Plenary 2 Solvency 2 Kathryn Morgan |
| 09.00 - 10.10 | Plenary 3 GIRO ROC Update Tony Jones and Lis Gibson |
| 14.15-15.45 | Plenary 3 Reinsurance counterparty credit risks Mark Flower |
| 14.15-15.45 | Plenary 3 Is the insurance industry well served by the rating agencies? Demir Bettini and Simon Martin |
| 14.15-15.45 | Plenary 3 Continuing Professional Development David Hindley |
| 16.15-17.15 | Workshop B01 Recent trends in mergers and acquisitions Peter Allen and Simon Sheaf |
| 16.15-17.15 | Workshop B03 Pricing excess aggregate limits for large professional indemnity programmes David Hughes |
| 16.15-17.15 | Workshop B04 ROC. The implications of the underwriting and reserving cyles for reserving Ian Hilder, Mark Rothwell, James Toller |
| 16.15-17.15 | Workshop B05 The current latent claims landscape Graham Oswald and Luke Thomas |
| 16.15-17.15 | Workshop B06 Catastrophes - Recent legal developments and implications Nick Atkins and Alex Lee |
| 16.15-17.15 | Workshop B07 ICA model validation: More than just passing the use test Don Mango |
| 16.15-17.15 | Workshop B08 Matching investment strategies in General Insurance - is it worth it? Gareth Haslip |
| 16.15-17.15 | Workshop B09 Casualty catastrophes - how well do you know them? Jun Lin and Terry Masters |
| 16.15-17.15 | Workshop B10 Financial reporting - Business implications of IFRS Phase 2 Mike Brien and Shreyas Shah |
| 16.15-17.15 | Workshop B11 Up close and personal Dorian Hicks and JB Blignaut |
| 16.15-17.15 | Workshop B12 Defining risk appetite David Wong and Phil Ellis |
Thursday 4 October 2007
| Time | Title and Speaker |
| 09.00-10.00 | Workshop C01 How claims can work for you Mohammed Khan |
| 09.00-10.00 | Workshop C02 Periodical payments, Ogden 6 and the impact on UK insurers Richard Bulmer and Sanjiv Chandaria |
| 09.00-10.00 | Workshop C03 Practical solutions to common pricing pitfalls Ana J Mata |
| 09.00-10.00 | Workshop C04 Best estimates and estimating uncertainty Lis Gibson |
| 09.00-10.00 | Workshop C06 Reserving through the soft market. How can actuaries do better this time? Kendra Felisky and Tony Goodall |
| 09.00-10.00 | Workshop C07 Open source ICA model Louise Pryor |
| 09.00-10.00 | Workshop C08 Solvency II - QIS 3 and beyond Richard Shaw |
| 09.00-10.00 | Workshop C09 Irish issues Richard Tulloch |
| 09.00-10.00 | Workshop C10 Practical experience with GN12 Peter Copeman |
| 10.05-11.15 |
The impact of climate change on non-life insurance. Report of the Climate Change Working Party Trevor Maynard
|
| 10.05-11.15 | Plenary 4 Report of the UK Flood Risk Working Party James Orr |
| 10.45-11.45 | Plenary 4 Implications of climate change for general insurance Trevor Maynard and Graham Fulcher |
| 10.45-11.15 |
The impact of climate change on non-life insurance. Report of the Climate Change Working Party Trevor Maynard
|
| 10.45-11.45 | Plenary 4 GI Board Report Julian Leigh, GI Board Chairman |
| 10.45-11.45 | Plenary 4 The future of GIRO (including the results of voting) Darren Michaels amd Colum D'Auria |
| 11.45-12.45 | Plenary 4 GI Board Report Julian Leigh, GI Board Chairman |
| 11.45-12.45 | Workshop D01 Lemur Insurance Company: Case Study in Operational Risk: The Elephant in the Room Don Mango |
| 11.45-12.45 | Workshop D02 Developments in price optimisation Stephen Jones and Phil Webb |
| 11.45-12.45 | Workshop D03 Price monitoring for commercial insurers Derek Newton and Jason Doughty |
| 11.45-12.45 | Workshop D04 Effectiveness of reserving methods working party Richard Winter and Steven Fisher |
| 11.45-12.45 | Workshop D05 Granular reserving - making best use of your claims and policy data Simon Margetts and Jens Perch Nielsen r |
| 11.45-12.45 | Workshop D06 Operational time stochastic reserving method James Rakow |
| 11.45-12.45 | Workshop D07 The model underlying Solvency II Andrew D Smith and Andreas Tsanakas |
| 11.45-12.45 | Workshop D08 Reinsurance Counterparty credit risks Mark Flower and Gillian James |
| 11.45-12.45 | Workshop D09 Risk margins in reserves - What's going on and who is doing what Julian Leigh, Allan Kaufman, Martin White |
| 14.00-15.15 | Plenary 5/Debate Education ... Surely not more changes? Simon Sheaf and Tom Harris |
| 14.00-15.15 | Plenary 5a ERM Working Party Michael Tripp |
| 14.00-15.15 | Plenary 5 ROC Update Tony Jones and Lis Gibson |
| 14.00-15.15 | Plenary 5 ASTIN 2008 Julian Leigh |
| 14.00-15.15 | Plenary 5 EU Equality Directive or Gender Influences Camilla Bennett |
| 11.45-12.45 | Workshop E01 Tradable catastrophe risk: a new protection strategy Martin Bartell and Gillian James |
| 11.45-12.45 | Workshop E02 The EU Equality Directive and how it impacts actuaries Camilla Bennett |
| 11.45-12.45 | Workshop E03 Predictive modelling Peter Yeates |
| 15.45-16.45 | Workshop E04 Reserving: making allowance for terms and conditions and other coverage issues Ian Hilder |
| 15.45-16.45 | Workshop E05 Report of the UK Asbestos Working Party II Additional handouts Brian Gravelsons |
| 15.45-16.45 | Workshop E07 Sizing-up the non-life risk modules in the current Solvency II proposals Andy Hancock and David Paul |
| 15.45-16.45 | Workshop E08 ERM framework and perspective Cherry Chan, George Orros, Geoff Perry, Kartina Thomson |
| 15.45-16.45 | Workshop E09 Guidance developments for general insurance actuaries in the United States Mary Frances Miller and Pat Teufel |
| 15.45-16.45 | Workshop E09 CAS: Enhancing the reputation of Casualty Actuaries Mary Frances Miller and Pat Teufel |
| 15.45-16.45 | Workshop E10 Practical implications of IFRS Phase II Shailesh Malde |
Friday 5 October 2007
| Time | Title and Speaker |
| 09.30-11.00 | Plenary 6 Report of the Open Source ICA Model Working Party Louise Pryor |
| 09.30-11.00 | Plenary 6 Presidential address Nick Dumbreck |
| 09.30-11.00 | Plenary 6 An inconvenient uncertainty James McPherson |
| 09.30-11.00 | Plenary 6 ICA Education & Guidance Update from the ICA WP Andrew Hitchcox |
| 11.30-13.00 | Plenary 7 Ethicability - (n) how to decide what's right and find the courage to do it Roger Steare |
| 11.30-13.00 | Plenary 7 Actuarial Prediction Survey 2005. The Final Results Andrew Pryde |
2007 GIRO Convention Papers
Submissions for the Brian Hey Prize
- How life can go badly wrong and what lessons we can learn. Or, pricing, reserving, uncertainty and professionalism using some real data
James Widdows -
Overview and summary report of the ERM Working Party
Michael Tripp- Appendices (Zip file, 1.3 mb)
- The impact of climate change on non-life insurance
Trevor Maynard - The modelling of reinsurance credit risk
Richard Shaw
NB: this short paper refers to a fuller, 80 page, paper being available. Due to work commitments the author has in fact not been able to complete the longer paper (July 2008). - Cost of capital method of determining with risk margins - dealing with neglected issues: observations from three empirical analyses
Allan Kaufman - Best estimates and reserving uncertainty
Lis Gibson -
Reinsurance counterparty credit risks - Practical suggestions for pricing and reserving and capital modelling
Mark Flower- Illustrative model for quantifying RCCR exposure (Excel file, 228 kb)
Page updated: 2 December 2008
Contact: Web editor
Contact: Web editor