The papers below were presented at the 2008 General Insurance Convention, held from 23-26 September at the Hilton Sorrento Palace, Italy. 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.
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.
Wednesday 24 September
Additional papers
A simple model of insurance market dynamics
Greg Taylor
Adaptive reserving using Bayesian revision for the Exponential Dispersion Family (draft paper)
Grainne McGuire; Greg Taylor
Modelling aggregate non-life underwriting risk: Standard formula vs internal model
Gian Paolo Clemente; Nino Savelli
Plenary 1
Plenary 2
Floods in Europe. From weather conditions to insurance
Wolfgang Kron
Plenary 3
Solvency II - Update from the CEA
Yannis Pitaras
The road to Solvency II. A business perspective
Tom Woolgrove
Workshop session A
Actuarial aspects of internal models under Solvency II
Allan Kaufmann
Claims reserve adequacy in the context of capital modelling and ILS: A rating agency's perspective
Andrew Murray; Lyuba Tarnopolsky
Current insurance opportunities and issues in the Middle East and North Africa (MENA) region (5 mb)
Mohammad Khan
Demand Modelling Working Party (full report)
James Tanser
Demand Modelling Working Party (slides)
James Tanser
Increasing the relevance of risk tolerance to organisations today
Cherry Chan; Kartina Tahir Thomson
Introduction to Solvency II
Tim Edwards; Gavin Dunkerley
Our industry - 5 years on
Gregory Overton; Helen Wilkinson; Andrew Ward
Reserving uncertainty
Neil Bruce; Tim McMurrough
Robotic reserving (slides)
Greg Taylor
Solvency II - Diversification
Andrew Hancock
Use and abuse of reinsurance under IFRS Phase II
Mike Brien; Shreyas Shah
Workshop session B
Actuarial models and the real world
David Sanders
Granular loss modelling
Simon Margetts; Serio Pezzulli
Lloyd's issues
Henry Johnson
Operational risk. Bending the tail of the dragon
Jim Gustafsson
Price optimisation: successful practical implementation
Stephen Jones
Reserve variability - a case study
Derek Newton; Vincent Robert
Subprime .... Impacts for capital assessment
Mark Flower; Gillian James; Terry Masters; Jim Riley
Technical (yet practical) reserving tools for a cyclical market
Kendra Felisky; Tony Goodall; Tom Wrigjht
What is the risk-free rate?
Andrew Smith
Thursday 25 September
Plenary 4
Lime Street, Wall Street and Main Street
Graham Fulcher; Alex Marcuson
Workshop session C
Captives - Reserving, regulation and innovation in international financial centres
Ian Morris; Mike Poulding
ERCA Working Party - Update
Nick Ross
Practical market value margins
Rodney Bonnard; Simon Margetts
Risk aggregation in a multi-line, multi-entity group
Maria Heep-Altiner; Nigel Hooker
The implication of the underwriting and reserving cycles for reserving
Ian Hilder; Simon Sheaf; James Toller; Mark Rothwell; Chloe Paillot
The opportunities and hazards of being a lone actuary
Steve Gardner; Richard Winter
The opportunities and hazards of being a lone actuary. Report of the Working Party to GIRO 2008
Richard Winter
The post Solvency II world. What will your risk, finance and actuarial functions look like?
Mohammad Khan
Trends in strategic restructuring and re-domestication in European insurers including the impact in, and the role of, actuaries
Noel Garvey; Jane Portas
UK Asbestos Working Party
Brian Gavelsons
UK Asbestos Working Party Update 2008
Brian Gravelsons
Uncertainty in short-term claims development
Gavin Hill; Tom Wright
Variable capital loads
Martin Cairns; Richard Skelding
Variable capital loads in pricing. Working Party Report
Martin Cairns
We have life off! From actuary to leader
Alex Poracchia; Laurence Townley
Workshop session D
A simple model of insurance market dynamics
Greg Taylor
A simple model of insurance market dynamics
Greg Taylor
A stochastic framework for imcremental average reserve models. Example: R code implementing the approach
Roger Hayne
Claims inflation: A Research Programme supported by the Actuarial Profession
Jens Perch Nielson
Current issues in actuarial standards
Louise Pryor
Factors affecting the price of catastrophe bonds
Dimitris Papachristou
Integrating pricing and capital modelling
Jean-Bernard Crozet
Irish issues
Richard Tulloch
London market pricing in the soft market
Sanjiv Chandaria
Questioning the Black Box. Results and discussion from the Deloitte Reserving Process Survey
Tony Goodall; Visesh Gosrani
Reserving risk: make the invisible visible!
Andrew Matthews; Chloe Paillot
The case of the credulous actuary: Rediscovering the importance of judgement
Mark Graham; Alex Glencross
Theoretical and practical axpects of QIS4
Richard Bulmer
Workshop session E
Risk appetite workshop
Barbara Illingworth; Ofir Eyal
Solvency II advanced workshop
Tim Edwards; James Orr
Sub-prime - Background and reserving approaches
Paul Koslover
To be discontinued .... A run-off update
David Hindley; Darren Michaels
Under the shadow of Mt Vesuvius
Rob Collinson; Simon Pollard
Friday 26 September
Plenary 6
Commercial lines: Pricing in an imperfect world
Simon Sheaf
GI Practice Executive Committee Report
Julian Leigh
Personal lines pricing
Duncan Anderson
Plenary 7
Who killed the spark?
Eddie Obeng
Additional papers
Convention papers
A mixing severity model incorporating three sources of data for operational risk quantification
Jim Gustafsson
Demand modelling working party (two page summary)
James Tanser
GIRO flood risks working party
Julian Lowe
Integrating pricing and capital modelling
Jean Crozet
Papers from the Securitisation of Non-Life Insurance Working Party
1: Brief introduction to securitisation
Graham Fulcher
2: History of Securitisation Sub-Group
Graham Fulcher
3: Zero Beta Assumption Sub Group
Thomas Wallace
4: Basis risk sub group
Gillian James
5: Lessons from the Sub-Prime Sub-Group
Esmee Robinson
6: Regulatory Regimes Sub-Group
Mohammad Khan
7. Other non-life risks and assets sub-group
Alex Marcuson