Listed below are the general insurance working parties which have now completed their research and are disbanded.
Please use the links provided to find out more about the area of research each working party undertook and to view their final output
- Advanced Pricing Working Party - exploring new techniques and ideas of pricing in general insurance, including mathematical and statistical techniques, actuarial software and implementation techniques
- Actuarial Function - provided more detail of the work which will need to be undertaken by the Actuarial Function to fulfil the requirements of Article 48 of the Solvency II Directive
- Actuaries and Income Inequality - looked at income inequality caused by (or potentially resolved by) financial services and actuarial responsibility
- A Study of Major Hurricanes and Subsequent Market Response - educate and inform actuaries on the nature and predictability of hurricanes and how they can cause insured loss in different classes of business
- Data Visualisation - examined the benefits that visualisations provide in the communication of technical work
- Directors and Officers Insurance - understanding the pricing and reserving risks around this class of business
- Diversity Analytics - asking the question 'What will the insurance industry workforce look like in 10-20 years? How will it develop and will it be fit for purpose?'
- Fairness in Insurance Pricing - reviewed and summarised various issues (past and present) surrounding the discrimination debate
- Getting Better Judgement - developed a set of best practice guidelines for probability elicitation in general insurance
- International Pricing Research - exploring what makes for a good reinsurance underwriting submission
- Investigating the Herd Mentality Amongst Actuaries - explored the reasons why Actuaries follow the herd
- Liaison with Cat Model Developers - Explored issues of mutual interest between the Institute and Faculty of Actuaries (IFoA) and Catastrophe Model Developers
- Managing Uncertainty with Professionalism - seeks to develop general and simple principles to support actuaries in managing and communicating uncertainty in all fields
- Marine and Energy Pricing - informed and educated the actuarial profession on marine and energy pricing
- Measuring Uncertainty Qualitatively (MUQ) - specifically explores how reserving uncertainty should be developed
- Modelling, Analytics and Insights from Data - a cross practice Working Party established to investigate “Big Data” and primarily focused on the latest and emerging thinking associated with modern mathematical tools and techniques
- Peril Based Reserving - developing a universal framework for capturing the emergence and development of insurance claims
- Practical Use of the Clark Cape Cod Method for Stochastic Reserving Working Party - testing the Clark Cape Cod method in a variety of situations and types of business and compare to other commonly-used methods
- Practising Ruin - introduced practitioners to modern ruin theoretic concepts as part of the toolkit for risk-return assessments
- Pragmatic Stochastic Reserving - researching the stochastic reserving methods available to general insurance reserving actuaries
- Reserving Functions Survey - reviewed current reserving practice in the UK
- Risk Considerations for Autonomous Vehicles – seeking to identify the key risks associated with AV and examining in detail how the insurance industry might be affected
- Risk Elephants in the Room - Identified, considered and communicated large risk issues that currently don't seem to be part of the existing risk conversation
- Solvency II IMAP - investigated the internal model approval process for Solvency II and the specific challenge this presents for GI actuaries
- Spreadsheet Models: Governance Risk and Control - looked at the issues surrounding end user computing (EUC) tools, especially spreadsheets
- Third Party Consultation and Communication - this working party works in tandem with the Third Party Working Party (Data) and the PPO Working Party.
- UK Deafness Claims - facilitating market data collection and investigating claims experience relating to deafness/noise induced hearing loss in the UK
- Uncertainty of 99.5th Percentile - seeking to refine the estimates of uncertainty and consider the practical implications of this work.
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Research working parties active in the General Insurance field
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All IFoA research projects
Contact Details
For more information about the General Insurance practice area please contact the Professional Communities Team:
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