Document library
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- Author:
- D Dullaway\; P D Needleman
- Source:
- Sessional meeting paper
Realistic liabilities and risk capital margins for with-profits business [mp3 sound file]
This paper addresses some of the practical and theoretical issues raised by the move to a market-consistent calculation of realistic liabilities and solvency capital for with-profit business. It is not concerned with ICAS, which is also covered by CP195. ... read more >>
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- Author:
- David Dullaway; Peter Needleman
- Source:
- Sessional meeting paper
Realistic liabilities and risk capital margins for with-profits business
This paper addresses some of the practical and theoretical issues raised by the move to a market-consistent calculation of realistic liabilities and solvency capital for with-profit business. It is not concerned with ICAS, which is also covered by CP195. ... read more >>
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- Author:
- Life Board\; Stochastic Accreditation Working Party
- Source:
- Sessional meeting paper
Asset models in life assurance. Views from the Stochastic Accreditation Working Party
Asset Models in Life Assurance - Views from the Stochastic Accreditation Working Party 17 November 2003 Faculty of Actuaries Sessional Meeting abcd Stochastic Accreditation Working Party - Background Originally Part of 2005 Accounting ... read more >>
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- Author:
- A D Wilkie\; H R Waters\; S Yang
- Source:
- Updated version of the paper presented to the Faculty of Actuaries on 20 January 2003
Reserving, pricing and hedging for policies with guaranteed annuity options [mp3 sound file]
This paper considers reserving and pricing methodologies for a pensions-type contract with a simple form of guaranteed annuity option. It considers only unit-linked contracts, but the methodologies and, to some extent, the numerical results would apply ... read more >>
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- Author:
- A D Wilkie; H R Waters; S Yang
- Source:
- Updated version of the paper presented to the Faculty of Actuaries on 20 January 2003
Reserving, pricing and hedging for policies with guaranteed annuity options
This paper considers reserving and pricing methodologies for a pensions-type contract with a simple form of guaranteed annuity option. It considers only unit-linked contracts, but the methodologies and, to some extent, the numerical results would apply ... read more >>
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- Author:
- P M Booth; G Marcato
- Source:
- Sessional meeting paper
The measurement and modelling of commercial real estate performance
In this paper we discuss methods of developing real estate indices, the availability of real estate data, the problems of using published real estate data and how real estate data can be used for stochastic investment modelling for actuarial purposes. In ... read more >>
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- Author:
- A J Hibbert; C J Turnbull
- Source:
- Sessional meeting paper
Measuring and managing the economic risks and costs of with-profits business
The approaches to liability valuation, assessment of prudential capital and measurement of profit for life offices are undergoing radical change. A common thread runs through all of these proposed changes - each change represents a move away from ... read more >>
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- Author:
- G. C. Heywood, J. R. Marsland, and G. M. Morrison
Practical risk management for equity portfolio managers
The paper highlights the role of risk budgeting - how risk is 'spent' - in the investment management process and some of the practical issues encountered. Risk budgeting has received a great deal of interest from the investment management community ... read more >>
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- Author:
- Peter Clark; Peter Hinton; Erica Nicholson; Liam Storey; Gary Wells; Martin White
- Source:
- Sessional meeting paper
The implication of fair value accounting for general insurance companies
The implementation of the International Accounting Standards Board's (IASB's) Draft Statement of Principles (DSOP) will require fundamental changes to the statutory financial reporting by insurance companies. This paper sets out to discuss the key issues ... read more >>
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- Author:
- C D Daykin; D A Akers; A S Macdonald; T McGleenan; D Paul and P J Turvey
- Source:
- Sessional meeting paper
Genetics and insurance - some social policy issues
Rapid developments in genetic science have been accompanied by confusion regarding the predictive power of DNA-based tests and in the impact of such tests on the insurance industry. The United Kingdom actuarial profession has begun to engage in the ... read more >>
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- Author:
- John Hibbert
- Source:
- Draft background paper for Faculty Sessional Meeting
Measuring and managing the economic risks and costs of with-profits business
Draft background paper for the Faculty Sessional Meeting on 17 February 2003 which took the form of a lecture by John Hibbert on some of the issues raised by the application of modelling tools to the measurement or value, risk and capital. BAJ Paper ... read more >>
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- Author:
- S Haberman; C Day; D Fogarty; M Z Khorasanee; M McWhirter; N Nash; B Ngwira; I D Wright; Y Yakoubov
- Source:
- Sessional meeting paper
A stochastic approach to risk management and decision making in defined benefit pension schemes
The trustees and sponsors of defined benefit schemes rely on the advice of the Scheme Actuary to make important decisions concerning the funding of the scheme, the investment of its assets, and the use of surplus assets to improve benefits. The ... read more >>
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- Author:
- A D Wilkie; H R Waters; S Yang
- Source:
- Sessional meeting paper
Reserving, pricing and hedging for policies with guaranteed annuity options
This paper considers reserving and pricing methodologies for a pensions-type contract with a simple form of guaranteed annuity option. It considers only unit-linked contracts, but the methodologies and, to some extent, the numerical results would apply ... read more >>