Document library
-
- Author:
- Professional Affairs Board
Professional Conduct Standards (referred to as the PCS). Version 2.0
PCS.V2.0 A1.1 PROFESSIONAL CONDUCT STANDARDS referred to as the PCS Author: Professional Affairs Board Status: Approved under Due Process Version Effective from 1.0 01. 07. 1999 2.0 01. 06. 2002 Previous documents are set out in ... read more >>
-
- Author:
- Bruce Porteous
- Source:
- Insurance Risk, June 2002
Managing post-convergence risks in financial conglomerates
As financial services firms converge, the range of products they offer naturally increases. The next task is to choose the best methods to most effectively manage risk and economic capital. This article, prepared under the auspices of the UK actuarial ... read more >>
-
- Author:
- Institute of Actuaries Designated Professional Body Committee
Compliance Bulletin 2, June 2002
Contents: Professional indemnity insurance (PII) INSTITUTE OF ACTUARIES Staple Inn Hall High Holborn London WC1V 7QJ DPB COMPLIANCE BULLETIN NO. 2 (June 2002) Professional Indemnity Insurance (PII) The DPB Committee ... read more >>
-
- Author:
- John Ryan
- Source:
- General Insurance Spring Seminar 2002
Financial condition reporting (slides)
What does "financial condition" mean? Insurance company risk. Methods of modelling individual risks. Insurance as a means of mitigating risk. "Bringing it all together". Tail dependency. Risk measures. Importance of distribution of outcome. Loss insolvency ... read more >>
-
- Author:
- David Gamble
- Source:
- General Insurance Spring Seminar 2002
There has never been a greater need for risk management (slides)
The hard market. The terrorist threat. Airlines property. Business interruption. Public liability/employers' liability/motor. Riots Damage Act. Airlines pool. Clarity and certainty. Definitions of terrorism. Joined up government. Risk management and ... read more >>
-
- Author:
- James Widdows
- Source:
- General Insurance Spring Seminar 2002
The failure of insurance companies (slides)
The Fire, Auto and Marine Insurance Company (FAM). Independent insurance company independent insurance (various newspaper quotes). Premiums '50% below mark' in insurance scandal. Will you be hit by the independent debacle? FSA `derelict' in its duty over ... read more >>
-
- Author:
- Simon Ashby
- Source:
- General Insurance Spring Seminar 2002
Insuring operational risk (slides)
Some Issues: Capacity constraints. Withdrawal of insurers. Disputes and delays in payment (eg due to exclusions and language problems). Complexity of op-risk. How can we establish proximate cause? More issues: Mis-pricing due to lack of data and ... read more >>
-
- Author:
- Chris Lewin
- Source:
- General Insurance Spring Seminar 2002
Risk management: RAMP and STRATRISK (slides)
1 Risk Management RAMP and STRATRISK By Chris Lewin Chairman, RAMP Working Party 13 May 2002 Failures - Projects and Businesses “Titanic” Baring’s Bank/Allied-Irish Bank Jubilee Line Extension Heathrow Tunnel DSS Computer, etc Electric ... read more >>