Document library
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- Author:
- P D Needleman; T A Roff
- Source:
- British Actuarial Journal [BAJ] (1995) 1(4): 603-688
Asset shares and their use in the financial management of a with-profits fund
This paper describes current asset share techniques, examines alternative asset share philosophies and discusses practical issues associated with the calculations. Alternative approaches to smoothing payouts using asset shares are examined. A financial ... read more >>
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- Author:
- G P M Maher
- Source:
- British Actuarial Journal [BAJ] (1995) 1(4): 689-760
Loss reserves in the London Market
This paper addresses the process of estimating loss reserves for a company or syndicate writing in the London Market. Particular emphasis is placed on insurers maximising the value of the process, and ensuring that the process is not simply a series of ... read more >>
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- Author:
- Downey, P M
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 597-601
Current issues in life assurance: seminar, 26 April 1994
J.I.A. 121, III, 597-601 CURRENT ISSUES IN LIFE ASSURANCE SEMINAR, 26 APRIL 1994 ALMOST 200 actuaries attended the Current Issues in Life Assurance seminar held on 26 April 1994 at the Heathrow Park Hotel. The seminar was divided into six sessions, ... read more >>
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- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 485
Notes on the Transactions of the Faculty of Actuaries
J.I.A. 121, II, 485 NOTES O N THE TRANSACTIONS OF THE FACULTY OF ACTUARIES NEILL, A. Presidential Address 43, 3 ( N o . 282) 1993 ANDREW, D . J . M., AULD, K. J . , MACNICOL, R. J . , REED, M. C. & ROBERTSON, W. J . ... read more >>
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- Author:
- Thomas, R G
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 616-617
Money, credit and asset prices, by Gordon T. Pepper (Review)
J.I.A. 121, III, 615-617 REVIEWS The Stock Market. By CLIFF PRATTEN (Cambridge University Press, 1993) £27.95 Although J. M. Keynes’ theories on investment were developed during the 1930s, his writings have influenced thought on the way the ... read more >>
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- Author:
- Brumwell, J C H
- Source:
- Transactions of the Faculty of Actuaries [TFA] (1992-1994) 44: 73-101
Notes on the Financial Times-Actuaries UK Equity Share Indices in 1992 & the introduction of the FT-SE Actuaries UK Series
NOTES ON THE “FINANCIAL TIMES”– ACTUARIES U.K. EQUITY SHARE INDICES IN 1992 & THE INTRODUCTION OF THE FT-SE ACTUARIES U.K. SERIES BY: J. C. H. BRUMWELL, M.A., F.I.A. 1. CLASSIFICATION OF STOCK EXCHANGE SECURITIES BY INDUSTRY The original ... read more >>
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- Source:
- Transactions of the Faculty of Actuaries [TFA] (1992-1994) 44: 106
The Scottish Ministers' Widows Fund 1743-1993, by A. Ian Dunlop (ed) (Review)
106 Book Reviews Title: THE SCOTTISH MINISTERS’ WIDOWS’ FUND 1743-1993 Edited by: A. IAN DUNLOP (ST. ANDREW PRESS, EDINBURGH) The Jacobite Rebellion of 1745 seems long ago, but two years earlier The General Assembly of The Church of Scotland asked ... read more >>
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- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 613
Notes on the Transactions of the Faculty of Actuaries
J.I.A. 121, III, 613 NOTES ON THE TRANSACTIONS OF FACULTY OF ACTUARIES 44, l (No. 283) 1994 THE McCUTCHEON, J. J. Presidential Address GUPTA, . K. & WESTALL, G. Distribution fFinancial Services. (Previously discussed atthe Institute on 26 ... read more >>
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- Author:
- Gavin, J B; Haberman, S; Verrall, R J
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 119-134
On the choice of bandwidth for kernel graduation
This paper considers cross-validation as an objective and risk-based method for selecting the smoothing parameter in a non-parametric graduation. In addition, the relative merits of two kernel estimators are compared in the context of mortality ... read more >>
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- Author:
- Macdonald, A S
- Source:
- Transactions of the Faculty of Actuaries [TFA] (1992-1994) 44: 64-72
A note on life office models
A brief description is given of some problems encountered in designing a model office program. The key to an effective and flexible model lies in the structure which the model imposes on the data. An example of a model used for research is described. A ... read more >>
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- Source:
- Transactions of the Faculty of Actuaries [TFA] (1992-1994) 44: 104-105
An investigation into possible applications of fuzzy set methods in actuarial science, by Krzysztof Ostaszewski (Review)
BOOK REVIEWS Title: AN INVESTIGATION INTO POSSIBLE APPLICATIONS OF FUZZY SET METHODS IN ACTUARIAL SCIENCE Authors: KRZYSZTOF OSTASZEWSKI Publisher: THE SOCIETY OF ACTUARIES ISBN: 0 - 938959 - 27 - 1 Number of pages: 88 Fuzzy Set Theory is a branch ... read more >>
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- Author:
- Renshaw, A E
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 561-571
A comparison between the mortality of non-smoking and smoking assured lives in the United Kingdom
A method of graduation by mathematical formula is extended to cover the simultaneous graduation of more than one comparable experience and is applied to the recent UK mortality experience of smoking and non-smoking assured lives. J.I.A. 121, III, 561–571 ... read more >>
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- Author:
- Walkling, R M A
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 267
Pensions, by David Wainman (Review)
J.I.A. 121, I, 267 REVIEW Pensions. By DAVID WAINMAN (Sweet & Maxwell, 1992) £55.00 David Wainman in his preface to Pensions states “My one objective has been to identify, for the not- yet expert, what this complex subject is all about”. He has ... read more >>
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- Author:
- Paxton, T A
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 263-265
Actuarial approaches to financial management: seminar, 16 November 1993
J.I.A. 121, I, 263–265 ACTUARIAL APPROACHES TO FINANCIAL MANAGEMENT SEMINAR, 16 NOVEMBER 1993 A ONE-DAY seminar was held in London, at the Great Western Royal Hotel, by the Institute of Actuaries and the Faculty of Actuaries to review the British ... read more >>
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- Source:
- Transactions of the Faculty of Actuaries [TFA] (1992-1994) 44: 104-105
An investigation into possible applications of fuzzy set methods in actuarial science, by Krzysztof Ostaszewski (Review)
104 NOTATION FOR DIVIDED DIFFERENCES BY HARRY FREEMAN, MA., F.I.A., F.S.S. of the Government Actuary's Department THERE seems to be at present no universally recognized notation for divided differences. There are objections to the many forms in practice. ... read more >>
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- Author:
- Macdonald, A S
- Source:
- Transactions of the Faculty of Actuaries [TFA] (1992-1994) 44: 64-72
A note on life office models
A brief description is given of some problems encountered in designing a model office program. The key to an effective and flexible model lies in the structure which the model imposes on the data. An example of a model used for research is described. 64 ... read more >>
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- Author:
- Dallard, C F B
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 259-262
Roles and responsibilities - the actuary in pensions. Joint Actuarial Convention, Harrogate, 12-14 September 1993
J.I.A. 121, I, 259–262 ROLES AND RESPONSIBILITIES—THE ACTUARY IN PENSIONS JOINT ACTUARIAL CONVENTION, 12–14 SEPTEMBER 1993 The 1993 residential Actuarial Convention was held at the Majestic Hotel, Harrogate from 12 to 14 September. It was arranged ... read more >>
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- Author:
- Adams, M B; Scott, C
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 441-458
Realistic reporting of life insurance company policy liabilities and profits: developments in Anglo-American countries
This paper examines international developments in generally accepted accounting practice (GAAP) for policy valuation and profit recognition in the life insurance industry in four major Anglo-American life insurance markets - the UK, Australia, Canada and ... read more >>
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- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 619
British Actuarial Journal
J.I.A. 121, III, 619 BRITISH ACTUARIAL JOURNAL The Councils of the Institute of Actuaries and of the Faculty of Actuaries have approved the merger of the Journal of the Institute of Actuaries and of the Transactions of the Faculty of Actuaries into ... read more >>
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- Author:
- Daykin, C D
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 589-596
The recent trend of mortality in Great Britain
This note continues a regular series on mortality rates, previously relating to Great Britain, but now to the whole of the United Kingdom. Mortality experienced in the years 1990 to 1992 is shown by five-year age groups, and comparisons are made for broad ... read more >>