Document library
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Advice on Professional Conduct (APC). Version 5.1
Faculty and Institute of Actuaries Advice on Professional Conduct APC v5.1. (01.01.1991) D/11 ADVICE ON PROFESSIONAL CONDUCT [The following guidance replaces and supplements earlier guidance and was issued in September 1990 (and revised in January 1991) ... read more >>
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The Statutory Duties of the Actuary. Version 11.0
Faculty and Institute of Actuaries Statutory Duties SDv11.0. (01.01.1991) D/1 SECTION D: THE DUTIES OF ACTUARIES AND PROFESSIONAL CONDUCT THE STATUTORY DUTIES OF THE ACTUARY The following is a list of the main functions entrusted to the actuarial ... read more >>
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Memorandum on Professional Conduct (MPC),. Version 4.0
Faculty and Institute of Actuaries Memorandum on Professional Conduct MPCv4.0. (01.01.1991) D/7 MEMORANDUM ON PROFESSIONAL CONDUCT AND PRACTICE [This Memorandum was first issued by Council in June 1984 and contains subsequent amendments, the most recent ... read more >>
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The insurance sourcebook, by Robert Cunnew (ed) (Book review)
J.I.A. 119, II, 379–381 REVIEWS The Biology of Life Span: a Quantitative Approach. By L. A. GAVRILOV and N. S. GAVRILOVA (Harwood Academic Publishers) £62. The authors, a husband and wife team, have produced an interesting and carefully argued book ... read more >>
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Notes on the Transactions of the Faculty of Actuaries
J.I.A. 119, I, 153 NOTES ON THE TRANSACTIONS OF THE FACULTY OF ACTUARIES 42, 2 (No. 279) 1991 RANSON, R. H. & HEADDON, C. P. With Profits without Mystery. (Previously discussed at the Institute on 20 March 1989. See J.I.A. 116, 301.) LJESKOVAC, ... read more >>
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The epidemiology of HIV infection and AIDS
The current state of knowledge on the epidemiology of HIV infection and AIDS is reviewed, with extensive references to the medical literature. The particular focus is on those aspects of the epidemiology of HIV infection which are of interest in the ... read more >>
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Pensions - the European challenge: Seminar, 11 January 1990
PENSIONS-THE EUROPEAN CHALLENGE SEMINAR, 11 JANUARY 1990 A one-day seminar was held at the St Ermin’s Hotel, London on 11 January 1990 on the theme ‘Pensions—The European Challenge’. The seminar was chaired by M. H. Field, and over 100 actuaries ... read more >>
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Perspectives on actuarial education
PERSPECTIVES ON ACTUARIAL EDUCATION BY M. R. HARDY, D. C. M. DICKSON & L. J. PATERSON (An edited version of a paper presented to the Faculty of Actuaries Students' Society on 8 February 1988) 1. INTRODUCTION THE education of actuarial students has ... read more >>
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A stochastic method for claims reserving in general insurance
The paper addresses the problem of estimating future claim payments from the ‘run-off’ of past claim payments. A model of the claim payment process is postulated. Results from risk theory are applied to give a model for the incremental paid ... read more >>
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Insurance: its potential role in the provision of medical care for the over 60s
INSURANCE: ITS POTENTIAL ROLE IN THE PROVISION OF MEDICAL CARE FOR THE OVER 60s DISCUSSION OF WORKING PARTY’S REPORT [Presented to the Institute of Actuaries, 31 January 1990] THE half-day special meeting was well attended and a lively discussion ... read more >>
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Synopses of papers presented, 1987-1988
SYNOPSES THE INTERMEDIARY'S DILEMMA: ASSESSING THE FINANCIAL STRENGTH OF LIFE OFFICES BY M. LJESKOVAC, B.SC, Ph.D., F.F.A., D. M. NISBET, B.SC, F.F.A. AND J. A. Ross, M.A., F.F.A. (Synopsis of a paper presented to the Society on 1 December 1987) UNDER ... read more >>
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Comments on a model of retail price inflation
The paper comments on the estimation and sensitivity of the retail price inflation component of the stochastic financial model proposed by Professor Wilkie. Statistical tests provide evidence of non-independence and non-normality of residuals, suggesting ... read more >>
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Actuarial review of models for describing and predicting the spread of HIV infection and AIDS
The paper reviews the mathematical models of transmission of infection that have been put forward for representing the spread of HIV infection and AIDS. It describes and compares the main models that have been proposed and thereby provides some guidance on ... read more >>
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Professional indemnity insurance
PROFESSIONAL INDEMNITY INSURANCE BY N. D. HOOKER & L. M. PRYOR (Presented to the Society on 17th November 1987) 1. INTRODUCTION RECENT years have seen many changes affecting the market for professional indemnity insurance. The law is changing, ... read more >>
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Projecting the spread of AIDS in the United Kingdom: a sensitivity analysis
In AIDS Bulletins Nos. 1-4 the Institute of Actuaries AIDS Working Party presented projections of HIV infection and AIDS based on a model developed by Wilkie. This paper explores the sensitivity of those projections to the various different assumptions ... read more >>
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Reviews
REVIEWS Financial Analysis of a Reinsurance Office. By D. H. Craighead (Insurance & Reinsurance Research Group Ltd.). David Craighead’s book has been compiled largely from the material presented in his papers: ‘Some aspects of the London ... read more >>
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Report and accounts, 1987-1988
THE STAPLE INN ACTUARIAL SOCIETY STAPLE INN HALL, HIGH HOLBORN, LONDON WC1V 7QJ Report of the Committee Presented at the Annual General Meeting on 18 October 1988 The Committee submits its Report on the work of the Society during the seventy-eighth ... read more >>
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Articles, papers and publications of actuarial interest
ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST POPULATION STUDIES 44.1 JOSHI, H. The Cash Opportunity Costs of Childbearing: An Approach to Estimation using British Data. The opportunity costs of rearing British children in terms of cash ... read more >>
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A note on life table and multiple-decrement table functions
This note considers the mortality table functions, and shows that the usual formulae hold under less restrictive assumptions than those usually made. The foundations of the theory of multiple-decrement tables are also considered, in the context of ... read more >>
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Some results on the Gompertz and Heligman and Pollard laws of mortality
The ‘law of mortality’ proposed by Heligman and Pollard is compared with the law of Gompertz and with English Life Table No.14. Some new mathematical results are derived, including specific equations for the curve of deaths. Some numerical ... read more >>