General insurance working parties 2012-2013
General insurance working parties are encouraged to present at the annual GIRO Conference and are overseen by the General Insurance Practice Executive Committee (GI PEC). If submitted in time, a paper can be considered for the prestigious Brian Hey Prize.
| Name of Working Party | Functional Overview |
| Actuarial Function |
To provide 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 of Smaller Insurers | To act as a sounding board for actuaries in smaller firms without the back-up of a large actuarial function. |
| Advanced Pricing Techniques in General Insurance | To explore new techniques and ideas of pricing in general insurance, including mathematical and statistical techniques, actuarial software and implementation techniques. |
| Banking Debt | To look at and investigate the issues affecting banking debt. |
| Capital Modelling in Emerging Markets | To look at the current legislative requirements of a number of emerging markets with regards to capital modelling. |
| Discrimination or Differentiation - What's fair? | To review and summarise various issues (past and present) surrounding the discrimination debate. |
| Emerging Mobile Technologies - the Implications for General Insurance | The remit of this working party is to explore the implications of emerging mobile technology for general insurance topics. |
| Excel: Out of Control | To look at the issues surrounding end user computing (EUC) tools, especially spreadsheets. |
| Engaging with the Board | Looking at effective methods of engaging with the Board. |
| Liaison with Cat Model Developers | To explore issues of mutual interest between the Institute and Faculty of Actuaries and the catastrophe model developers. |
| Microinsurance | To provide suitable and relevant educational material for members of the Institute and Faculty of Actuaries and others who are interested in microinsurance. |
| PPOs | Investigating Periodical Payment Orders (PPOs) and their effects on the UK insurance and reinsurance industry. |
| Research Workstream Reserving (GI ROC) | Looking into work that can be done now to invest for the future. To better equip reserving actuaries and looking at questions of Best Estimates and Quantifying Reserving Uncertainty. |
| Running the Business According to the P&L | Helping actuaries recognise the contribution of their work to the P&L. |
| Solvency II IMAP | Investigating the internal model approval process for Solvency II and the specific challenge this presents for GI actuaries. |
| Solvency II Technical Provisions (GI ROC) | To provide insight and promote debate on the most effective way to implement the requirements of Solvency II regulations relating to technical provisions. |
| Third Party Consultation and Communication | This working party works in tandem with the Third Party Working Party (Data) and the PPO Working Party. |
| Third Party DATA | To look into emerging claim trends in third party motor insurance. |
| Towards the Optimal Reserving Process | Exploring the governance and design of existing processes within reserving, ensuring that principles-based guidance (small ‘g’) is given. |
| UK Asbestos | To investigate asbestos related claims, collect UK based data, investigate trends and react accordingly. |
| UK Deafness Claims | To facilitate market data collection and investigate claims experience relating to deafness/noise induced hearing loss in the UK. |
| 1 in 200 Estimate | Exploring the 1/200 question. |
For details of key objectives and outputs set by each working party please use the links provided above.
If you would like to join any of these working parties, or for further information, please email Dawn McIntosh, Communities Manager for General Insurance.