Document library
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Budget 2004. Implications for life assurance
Covers the following issues: immediate needs annuities\; anti-avoidance measures relating to temporary reassurances\; management expenses. Page 1 of 2 May 2004 Budget 2004 - Implications for life assurance Actuarial Profession Life Office Taxation ... read more >>
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Practical and business implications of Basel 2 for UK mortgage lenders
Slides which accompanied a presentation on Basel II given by Bruce Porteous to the Mortgage Lending Strategy Summit on 29 April 2004 Practical and Business Implications of Basel 2 for UK Mortgage Lenders. Bruce T Porteous 29 April 2004 Important, but ... read more >>
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New Guidance Notes for the Integrated Prudential Sourcebook (slides)
New Guidance Notes for the Integrated Prudential Sourcebook Mike Kipling, Chairman, Life Supervision Committee Changes on commencement of PRU ?Appointed Actuary role abolished ?Firms have responsibility for liability valuation ?Liability valuation to ... read more >>
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Role of Life Actuaries post Penrose (handouts)
1 abcd Role of Life Actuaries Post Penrose Current Issues in Life Assurance Jeremy Goford President, Institute of Actuaries 20 May 2004 Lord Penrose’s criticisms involving actuaries ? Regulation was based on over-reliance on the Appointed Actuary ? ... read more >>
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Actuarial Standards Board (slides)
Actuarial Standards Board By Harvie Brown Agenda Introduction Next Steps Fundamentals Scope of Act SB Rationale Introduction Concept been discussed since 2001 Life Board and Professional Affairs Board considered in 2002 Tom Ross mentioned in his ... read more >>
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Modelling corporate bonds (slides)
Modelling Corporate Bonds Current Issues In Life Assurance Edinburgh 20 May 2004 Andrew Smith email AndrewDSmith8@deloitte.co.uk Presentation Outline ? Why model corporate bonds? ? Corporate bond investment characteristics ? Monte Carlo models ? ... read more >>
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Peer review and practising certificates (slides)
Peer Review and Practising Certificates Mike Shelley Practising Certificates “When the proposed new FSA rules come into effect, the requirement to obtain a practising certificate will be extended to ? the With Profit Actuary ? the Actuary advising ... read more >>
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New Guidance Notes for the Integrated Prudential Sourcebook (Slides)
New Guidance Notes for the Integrated Prudential Sourcebook Mike Kipling, Chairman, Life Supervision Committee Changes on commencement of PRU ?Appointed Actuary role abolished ?Firms have responsibility for liability valuation ?Liability valuation to ... read more >>
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Mortality update (handouts - colour)
1 2004 Current Issues in Life Assurance MORTALITY UPDATE 28 April 2004 Tony Leandro Adrian Gallop Mortality update - Agenda ?Update on self- administered pensioner investigation ?Update on CMI investigations ?Data collection and observations ?The work ... read more >>
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Mortality update (slides)
2004 Current Issues in Life Assurance MORTALITY UPDATE 28 April 2004 Tony Leandro Adrian Gallop Mortality update - Agenda ?Update on self-administered pensioner investigation ?Update on CMI investigations ?Data collection and observations ?The work on ... read more >>
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Realistic balance sheets and implications for the future of with-profits (slides)
Realistic Balance Sheets and Implications for the Future of With Profits Mike Urmston Chief Actuary 28 April 2004 Norwich Union Agenda 1. What is the Realistic Balance Sheet? 2. Is it a good thing? ... read more >>
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A review of principles for measuring solvency under GN9. Supporting paper to GN9: Funding defined benefits - actuarial reports. Version 7.0
This paper describes a theoretical approach to measuring liabilities in a hypothetical discontinuance position. as a result it is not entirely consistent with paragraph 2.6.4 of version 7.0 of GN9 which says ‘The actuary must use those principles ... read more >>
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GN13: Actuarial Statements required in connection with the US Statements of Financial Acccounting Standards No. 87, No. 88 and No. 132 (FAS 87, 88 and 132). Version 3.3. Track changes copy
This copy of GN13 shows the track changes between versions 3.2 and 3.3. It is not part of the Manual of Actuarial Practice. u:\committee\guidance\gns\gn13\track changes\map gn13 v3.2 tracking changes made in v3.3.doc B13.1 THIS IS A TRACK CHANGES ... read more >>
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GN13: Actuarial Statements required in connection with the US Statements of Financial Accounting Standards No. 87, No. 88 and No. 132 (FAS 87, 88 and 132). Version 3.3. 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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Current issues in the Irish insurance market (slide presentation)
Current Issues in General Insurance Developments in the Irish Market David O’Connor An update on the last 12 months ? Market developments ? Who is doing what on MIAB implementation? ? Competition Authority Report ? Regulatory framework in early ... read more >>
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Operational risk (handouts)
1 Current Issues in General Insurance: Operational Risk Gregory Overton, 26th April 2004 Quantifying Operational Risk in General Insurance Companies By Helen Bradley, Russell Devitt, George Orros, Gregory Overton, Louise Pryor, Richard Shaw, Michael ... read more >>
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Current issues in the Irish insurance market (handouts)
1 Current Issues in General Insurance Developments in the Irish Market David O’Connor An update on the last 12 months ? Market developments ? Who is doing what on MIAB implementation? ? Competition Authority Report ? Regulatory framework in early ... read more >>
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Update from the General Insurance Current Issues Committee (slides)
Update from Current Issues Committee Laurence Townley Current Issues ?Solvency 2 ?Courts Act ?IASB ?Mutual Fund Scandal ?FSA ?About the Current Issues Committee EU Solvency 2 Project 2001 2002 2003 2004 What makes a good solvency system? EU ... read more >>
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Update on Certificate in Practical Finanical Economics (slides)
Current Issues in General Insurance 26 April 2004, The Barbican, London Neil Hilary Making Financial Economic sense of the future? Financial economics – the fastest growing actuarial spectator sport ?Blistering pace ?All ticket crowd ?Team drawn from ... read more >>
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The UK liability crises (handouts)
1 The UK Liability Crisis Richard Bulmer Current Issues in General Insurance 26 April 2004 Agenda ?Is there a crisis? ?International perspective ?OFT/DWP reports ?Where do we go from here? Crisis International OFT/DWP Future Agenda ?Is there a ... read more >>