Document library
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- Author:
- Economic Capital Subgroup of the Society of Actuaries Risk Management Task Force
Specialty guide on economic capital
At its most basic level Economic Capital can defined as sufficient surplus to cover potential losses, at a given risk tolerance level, over a specified time horizon. This is the working we will use throughout this Specialty Guide, adding details as needed ... read more >>
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- Author:
- Social Policy Board
GN21: Post-retirement medical plans. Version 2.0 [adopted by BAS on 19 May 2006]
This Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN21 V2.0 B21.1 GN21: ... read more >>
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- Institute of Actuaries Designated Professional Body Committee
Compliance Bulletin 10, March 2004
Contents: Compensation scheme INSTITUTE OF ACTUARIES DPB COMPLIANCE BULLETIN NO. 10 (March 2004) Maclaurin House 18 Dublin Street Edinburgh EH1 3PP Compensation Scheme The FSA and Institute of Actuaries are expected to agree the non-IMD ... read more >>
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- Author:
- Life Office Taxation Working Party
- Source:
- Response from the Actuarial Profession
Tax implications of FSA CP207, treating with-profits policyholders fairly
This paper considers the tax implications of the proposed Guidelines and Rules set out by the FSA in the consultation document CP 207 issued in December 2003. It was forwarded to the FSA in March 2004 as part of the profession's response to CP 207. March ... read more >>
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- Author:
- Stuart Wason
- Source:
- Insurer Solvency Seminar, 24 March 2004
Insurer solvency assessment - towards a global framework (slides)
1 Insurer Solvency Assessment Towards a Global Framework & Strategic Issues in the European Life Sector Stuart Wason Financial Risks Seminar London, March 23, 2004 1 Agenda Towards a Global Framework for Insurer Solvency Assessment ? Introduction ... read more >>
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- Author:
- John Cummings
- Source:
- Insurer Solvency Seminar, 24 March 2004
The business implications of Solvency II (slides)
1 The business implications of Solvency 2 John Cummings Solvency II - borrowing from Basel . . . CAPITAL REQUIREMENTS Minimum capital requirement Internal controls and sound risk management Internal capital assessment Supervisory intervention PILLAR ... read more >>
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- Author:
- Hans Peter Wurmli
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- Financial Risk Seminar, 23 March 2004
Swiss Re's enterprise risk management system
! ! " # $ % & ' ! !"# $ % $ & ... read more >>
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- Author:
- Seamus Creedon
- Source:
- Financial Risk Seminar, 23 March 2004
Basel 2 ... Solvency 2 ... A good result? (slides)
1 Morris Review and beyond Highlights of the Life Convention 14 February 2005 Seamus Creedon My agenda today ? Profession’s response to Morris interim analysis – general ? Profession’s response to Morris interim analysis – some life specifics ? ... read more >>
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- Author:
- Paul Embrechts
- Source:
- Financial Risk Seminar, 23 March 2004
Insurance analytics: actuarial methods for financial risk management (slides)
1 Insurance Analytics Actuarial Tools for Financial Risk Management Paul Embrechts ETH Zürich and London School of Economics Plenary talk at the XXXIV ASTIN Colloquium in Berlin, August 25, 2003. 2 1. About the title • Talk: „Actuarial ... read more >>
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- Author:
- Andy Cox
- Source:
- Financial Risk Seminar, 23 March 2004
The risks of pension promises and how they might be managed (slides)
1 Critical illness – Do you need a surgeon or a physician? Ian Cox CMO Gen Re Life Health CMO Prudential UK My role(s) CI definitions - SoBP ? Clarity ? Objective: ? ‘All model wordings should be as robust as possible in differentiating between ... read more >>
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- Author:
- Riccardo Rebonato
- Source:
- Financial Risk Seminar, 23 March 2004
Sceptical issues on the way to Basel (slides)
1 FINANCIAL MARKETS1optional client logo www.rbsmarkets.com Sceptical Thoughts on the Way to Basel IAA, March 2004 (‘Is Basel Faulty?’ or ‘Faulty Pillars’) Riccardo Rebonato Head of CBFM Market Risk and FM Quantitative Research and Sales Royal ... read more >>
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- Author:
- Pensions Board
GN9: Funding defined benefits - actuarial reports. Version 7.0
This pensions Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN9 V7.0 ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 4. Covering letter
Faculty of Actuaries Maclaurin House 18 Dublin Street Edinburgh EH1 3PP Tel: +44 (0)131 240 1300 Fax: +44 (0)131 240 1313 e-mail: faculty@actuaries.org.uk www.actuaries.org.uk Institute of Actuaries Staple Inn Hall High Holborn London WC1V ... read more >>
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- Author:
- Professional Affairs Board
Professional Conduct Standards (referred to as the PCS). Version 2.1
PCS V2.1 A1.1 PROFESSIONAL CONDUCT STANDARDS referred to as the PCS Author: Professional Affairs Board Status: Approved under Due Process (technical amendment) Version Effective from 1.0 01. 07. 1999 2.0 01. 06. 2002 2.1 17. 03. 2004 ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 4. Report on the preliminary results of an analysis into the mortality experience of pensioners of self-administered pension schemes for the period 2000 to 2002
Continuous Mortality Investigation Technical Support and Research Committee of the Pensions Board Working Paper 4 Report on the preliminary results of an analysis into the mortality experience of pensioners of self-administered pension schemes ... read more >>
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- Author:
- Pensions Board
GN19: Retirement benefit schemes - winding-up and scheme asset deficiency. Version 4.3
This pensions Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN19 V4.3 B19.1 ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 3. Projecting future mortality: A discussion paper
Continuous Mortality Investigation Mortality sub-committee Working Paper 3 Projecting future mortality: A discussion paper March 2004 2 Continuous Mortality Investigation Mortality sub-committee Working Paper 3 Projecting future ... read more >>
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- Author:
- Pensions Board
GN19: Retirement benefit schemes - winding-up and scheme asset deficiency. Version 4.3. Track changes version
This copy of GN19 shows the track changes between versions 4.2 and 4.3. It is not part of the Manual of Actuarial Practice MAP/GN19 V4.2 B19.1 GN19: Retirement Benefit Schemes - Winding-up and Scheme Asset Deficiency Classification Practice ... read more >>
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- Author:
- M H Tripp\; H L Bradley\; R Devitt\; G C Orros\; G L Overton\; L M Pryor\; R A Shaw
- Source:
- Sessional meeting paper
Quantifying operational risk in general insurance companies [mp3 sound file]
This paper overviews the application of existing actuarial techniques to operational risk. It considers how, working in conjunction with other experts, actuaries can develop a new framework to monitor/review, establish context, identify, understand and ... read more >>
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- Author:
- M H Tripp; H L Bradley; R Devitt; G C Orros; G L Overton; L M Pryor; R A Shaw
- Source:
- Sessional meeting paper
Quantifying operational risk in general insurance companies
This paper overviews the application of existing actuarial techniques to operational risk. It considers how, working in conjunction with other experts, actuaries can develop a new framework to monitor/review, establish context, identify, understand and ... read more >>