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Author:
Andrew Thomson; Susan Cooper; David Craighead; Russell Devitt; Stewart Hartley; Roger Harvey; David Williams
Source:
General Insurance Convention 1981

Investment Risks Working Party report

An insurance company must maintain sufficient reserves and provisions to cover the following risks: Technical Risks; Investment Risks and Other Risks. There were three working parties, each one concentrating on one of the above three categorisations. The ... read more >>

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Author:
Gerald Healy
Source:
General Insurance Convention 1981

Inflation

When an underwriter considers a revision of premium rates for a particular class of business he is forced, either implicitly or explicitly, to make a number of assumptions regarding the future progress of the account. If he were able accurately to predict ... read more >>

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Author:
Bob Alting von Geusau; David Hart; Nigel Gillott; Ray Hunter; Janet Lockett; Graham Lyons; Chris Mellor; Richard Wilkinson
Source:
General Insurance Convention 1981

Reinsurance and other aspects. Solvency Working Party report

The subject of reinsurance and particularly its solvency aspects is a most appropriate one for study at the present time in view of the generally agreed weakness of the world reinsurance market. This is fairly typically summed up in the following quotation ... read more >>

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The Statutory Duties of the Actuary. Version 7.0

Faculty and Institute of Actuaries Statutory Duties SD v7.0 ([1981-1982]) PART TWO THE DUTIES OF ACTUARIES AND PROFESSIONAL CONDUCT THE ACTUARY AND THE PUBLIC Members of the public would be well advised to seek professional actuarial guidance on a number ... read more >>

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Journal of the Institute of Actuaries [JIA] (1979) 108: 001-000

Corrigenda to JIA 107, Parts 2, 3 and 4

CORRIGENDA J.I.A. 107, Part II P. 103, §1.3, line 1: Working Partly should read Working Party. J.I.A. 107, Part III P. 213, The correction to P. 309 (of J.I.A. 106, Part III) in respect of $5.5, Formula (8) should read (8) P.219, line 22: write ... read more >>

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Author:
G Saksera
Source:
Journal of the Institute of Actuaries [JIA] (1981) 108: 281-283

Actuarial programming language

ACTUARIAL PROGRAMMING LANGUAGE BY G. B. SAKSENA For computer programming purposes, it is highly desirable to ‘linearize’ the actuarial functions for which we now use the Halo notation. In the March 1976 issue of The Actuary there appeared a Note on ... read more >>

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Author:
M May; D Renn; N Williams
Source:
Journal of the Institute of Actuaries [JIA] (1981) 108: 105-108

Articles, papers and publications of actuarial interest (i)

ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST BY M. D. MAY, M.A., F.I.A., D. F. RENN Ph.D., F.I.A., AND N. WILLIAMS, F.I.A. JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY 31, 6 (June 1980) LAU, H. S. The newsboy problem under alternative ... read more >>

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Journal of the Institute of Actuaries [JIA] (1981) 108: 293-294

Articles, papers and publications of actuarial interest (ii)

ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST BIRTH STATISTICS 1979 (OPCS Series FM 1 No. 6) Analyses births by season, age of parents, number of previous liveborn children, duration of marriage, area of usual residence, place of ... read more >>

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Author:
Robert Gilder
Source:
Journal of the Institute of Actuaries [JIA] (1981) 108: 109-113

Understanding pension fund finance, by D D Ezra (Book review)

R E V I E W S An Introduction to Mathematical Risk Theory. By HANS U. GERBER [S. S. Huebner Foundation, R. D. Irwin Inc. Homeward Illinois, 1979] As its title implies, this monograph is a textbook on mathematical risk theory. The material has been ... read more >>

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Author:
Seal, H L
Source:
Journal of the Institute of Actuaries [JIA] (1980) 107: 507-511

Early uses of Graunt's life table

The first life table was a brilliant ‘guesstimate’ by John Graunt (1662) based on mortality data analysed by cause of death but not by age or sex. It was over thirty years before Halley (1693) constructed a table to show ‘the odds that there is, that a ... read more >>

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Author:
Starke, L G K
Source:
Journal of the Institute of Actuaries [JIA] (1980) 107: 365-372

The duration of sickness

The object of the experiment described in this note was to discover for the duration of sickness a simple formula analogous to those of Gompertz and Makeham for the duration of life. Mortality per se does not enter into the calculations, so that to avoid ... read more >>

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Author:
Daykin, C D
Source:
Journal of the Institute of Actuaries [JIA] (1980) 107: 327-344

Consumer credit calculations

In 1968 the government of the day set up a committee under Lord Crowther to carry out a wide-ranging review of consumer credit. At that time only a few aspects of this complex field were covered by legislation and there was a minimal degree of control and ... read more >>

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Author:
Brumwell, J C H
Source:
Journal of the Institute of Actuaries [JIA] (1980) 107: 81-86

Notes on the Financial Times-Actuaries Equity Indices in 1979

NOTES ON THE FINANCIAL TIMES--ACTUARIES EQUITY INDICES IN 1979 B Y J. C. H. BRUMWELL, M.A., F.I.A. 1. Classification of S t o c k E x c h a n g e Securities b y I n d u s t r y The original classifications were set out ... read more >>

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Journal of the Institute of Actuaries [JIA] (1980) 107: 537-540

Notes on other actuarial journals

NOTES ON OTHER ACTUARIAL JOURNALS BY F. W. ESCHRICH, F.I.A., J. A. MCKINNELL, B.Sc., F.I.A., AND R. A. SOWARD, B.A., F.I.A. FRANCE Bulletin Trimestriel de l’Institut des Actuaires Français 308 (September 1979) This bulletin contains an article on ... read more >>

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Author:
Wilkie, A D
Source:
Journal of the Institute of Actuaries [JIA] (1980) 107: 315-326

The Financial Times-Actuaries British Government Securities Indices, 1979

THE F.T.-ACTUARIES BRITISH GOVERNMENT SECURITIES INDICES, 1979 BY A. D. WILKIE, M.A., F.F.A., F.I.A. 1. INTRODUCTION 1.1. This note continues the series started in 1976, of which the last previous was “F.T.-Actuaries British Government Securities ... read more >>

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Author:
Institute of Actuaries Students' Society
Source:
Journal of the Institute of Actuaries Students' Society [JSS] (1980) 24: 135-141

Report and accounts, 1979-1980

THE INSTITUTE OF ACTUARIES STUDENTS' SOCIETY STAPLE INN HALL, HIGH HOLBORN, LONDON, WC1V 7QJ Report of the Committee presented at the Annual General meeting on 17 October 1980 THE Committee submits its Report on the work of the Society during the ... read more >>

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Author:
Wilkie, A D
Source:
Journal of the Institute of Actuaries [JIA] (1980) 107: 315-326

The Financial Times-Actuaries British Government Securities Indices, 1979

315 NOTES ON THE FINANCIAL TIMES– ACTUARIES EQUITY INDICES IN 1980 by J. C. H. BRUMWELL, M.A., F.I.A. 1. Classification of Stock Exchange Securities by Industry The original classifications were set out in the 1970 note in this series (T.F. A., ... read more >>

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Author:
Brumwell, J C H
Source:
Journal of the Institute of Actuaries [JIA] (1980) 107: 81-86

Notes on the Financial Times-Actuaries Equity Indices in 1979

Charles Jellicoe, Hon. Editor of J.I.A., 1850-1867 THE INSTITUTE OF ACTUARIES THE FIRST CENTENARY OF J.I.A. J.I.A. is one hundred years old in September 1950, but it did not become the official record of the Institute of Actuaries until October ... read more >>

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Journal of the Institute of Actuaries [JIA] (1980) 107: 88-89

Notes on other actuarial journals

88 Notes on the Journal of the Institute KENNETH KILPATARICK WEATHERHEAD, M.A., F.F.A., F.S.A., F.C.I.I. 1898-1979 After a very short illness Kenneth Weatherhead died on 26th September 1979, a man full of years who had gained the highest esteem in ... read more >>

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Source:
Journal of the Institute of Actuaries [JIA] (1980) 107: 88-89

Notes on other actuarial journals

NOTES ON OTHER ACTUARIAL JOURNALS BY F. W. ESCHRICH, F.I.A. AND R. A. SOWARD, B.A., F.I.A. FRANCE Bulletin Trimestriel de l’Institut des Actuaires Français 306 MASNOU, L. Evolution des probabilités en circulation routière en France et comparison ... read more >>