Document library
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- Author:
- A C Campbell; D C Grimley; J K Pallister; A M Stoker; Andrew Walton; Costas Yiasoumi
- Source:
- British Actuarial Journal [BAJ] (2006) 12(3): 639-727
Lessons from closure : an analysis and comparison of the issues facing closed life funds and closed pension schemes
LESSONS FROM CLOSURE: AN ANALYSIS AND COMPARISON OF THE ISSUES FACING CLOSED LIFE FUNDS AND CLOSED PENSION SCHEMES By A. C. Campbell, D. C. Grimley, J. K. Pallister, A. M. Stoker, A. R. Walton and C. A. Yiasoumi ... read more >>
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- Author:
- D Blake; A J G Cairns; K Dowd
- Source:
- British Actuarial Journal [BAJ] (2006) 12(1): 153-228
Living with mortality: longevity bonds and other mortality-linked securities
This paper addresses the problem of longevity risk — the risk of uncertain aggregate mortality — and discusses the ways in which life assurers, annuity providers and pension plans can manage their exposure to this risk. In particular, it focuses on how ... read more >>
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- Author:
- David Bartlett\; Mark Chaplin\; Kevin Dowd\; Patrick Kelliher\; Chris O'Brien
- Source:
- Working Party on Risk Management in UK life assurers
Risk management by UK life assurers. A survey
This paper reports the results of a questionnaire survey sent to actuaries in UK life assurers in autumn 2005. It describes how enterprise risk management is carried out in UK life assurers, and the processes used for identifying, measuring and managing ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 19. Per-policy mortality investigation (including revised coding guide)
CMI Working paper 19. Per-policy mortality investigation (including revised coding guide) Continuous Mortality Investigation WORKING PAPER 19 Per Policy Mortality Investigation (including revised Coding Guide) CONTENTS Executive ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 18. 1999-2002 critical illness experience: Feedback on WP14 and future work
Continuous Mortality Investigation Critical Illness Committee WORKING PAPER 18 1999-2002 Critical Illness experience: Feedback on Working Paper 14 and Future Work CONTENTS 1. INTRODUCTION 2 2. FEEDBACK RECEIVED ON ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Report 22. Whole volume
Sickness experience 1999-2002 for individual income protection policies ISSN 0954-2388 C M I R 22 (2005) Continuous Mortality Investigation Reports Number 22 Published by the Institute of Actuaries ... read more >>
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- Author:
- Continuous Mortality Investigation
SAPS mortality investigation 2000-2003, data (individual ages)
SAPS mortality investigation 2000-2003, data (individual ages) Summary Sheet CMI Self Administered Pension Schemes Mortality Investigation Summary Of Contents Sheet Name Exposed to Risk - All Years Actual Deaths - All Years M L ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 16. The graduation of the CMI 1999-2002 mortality experience: Proposed annuitant and pensioner graduations
CMI Working paper 16. The graduation of the CMI 1999-2002 mortality experience: Proposed annuitant and pensioner graduations Continuous Mortality Investigation Mortality Committee Working Paper 16 The Graduation of the CMI 1999-2002 Mortality ... read more >>
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- Author:
- Icki Iqbal; Clare Beale; Rolf van den Heever; Tim James; Mark Versey; Paula Kelly
Alternative forms of capital available to life companies
This paper is the output of a working party set up by the Life Research Committee to review how banks manage their capital base using the regulatory capital structure to maximise their ROE and ROC and to ascertain any relevance to long term business of the ... read more >>
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- Author:
- Life Office Taxation Working Party\; Trevor Fannin
European Court adds VAT to outsourcing costs
A European Court of Justice Ruling issued earlier this year effectively added VAT to a wider range of oursourcing activity than hitherto anticipated. Not only is this a setback to all the recent work to reduce costs by use of outsourcing, this ruling also ... read more >>
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- Author:
- Life Office Taxation Working Party\; Andrew Rendell
Pensions business and withholding tax
This paper summarises an agreeement made by HM Revenue and Customs to allow pooled arrangements recover withholding tax on pensions business. Pensions Business And Withholding Tax Andrew Rendell summarises an agreement made by HM Revenue Customs to ... read more >>
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- Author:
- Chief Risk Officer Forum
A framework for incorporating diversification in the solvency assessment of insurers
This paper sets out the case for recognising diversification benefits in solvency assessment as well as a practical approach to incorporate effectively these diversification benefits into solvency assessments. 10 June 2005 A framework for incorporating ... read more >>
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- Author:
- Chief Risk Officer Forum
Principles for regulatory admissibility of internal models
This presentation is based on research (Internal Models Benchmarking Study) carried out on behalf of the Chief Risk Officer Forum by Damir Filipovic and Daniel Rost of the University of Munich, with additional support from Mercer Oliver Wyman in the ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 14. Methodology underlying the 1999-2002 CMI critical illness experience investigation
CMI Working paper 14. Methodology underlying the 1999-2002 CMI critical illness experience investigation Continuous Mortality Investigation Critical Illness Committee WORKING PAPER 14 Methodology underlying the 1999-2002 CMI Critical Illness ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 13. Draft mortality coding guide
CMI Working paper 13. Draft mortality coding guide CMI 1 Continuous Mortality Investigation Mortality Committee Working Paper 13 Draft Mortality Investigation Coding Guide Draft Mortality Investigation Coding Guide CMI 2 Continuous ... read more >>
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- Author:
- P O J Kelliher\; D L Bartlett\; M Chaplin\; K Dowd\; C O'Brien
Liquidity management in UK life insurance. A discussion paper. Version 2.0
Life insurers are required to consider liquidity risk in their individual capital assessments (ICA) as part of the new FSA rules. This paper seeks to discuss issues surrounding liquidity risk in life insurance companies, the sources of liquidity available ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 12. The graduation of the CMI 1999-2002 mortality experience: Feedback on Working paper 8 and proposed assured lives graduations
CMI Working paper 12. The graduation of the CMI 1999-2002 mortality experience: Feedback on Working paper 8 and proposed assured lives graduations Continuous Mortality Investigation Mortality Committee Working Paper 12 The Graduation of the CMI ... read more >>
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- Author:
- Life Office Taxation Working Party\; Steve Jones
Taxing the estate
This paper summarises the Inland Revenue's proposal, revealed in the Pre-Budget announcement, to increase the tax payable by with profit life companies. The article outlines the background and the effect of the change, as currently drafted, on a company ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI Working paper 11. Responses to Working paper 3 entitled Projecting future mortality: A discussion paper and further commentary thereon
Continuous Mortality Investigation Mortality Committee Working Paper 11 Responses to Working Paper 3 entitled Projecting future mortality: A discussion paper and further commentary thereon January 2005 1 Continuous ... read more >>
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- Author:
- P J L O'Keeffe; A J Desai; K Foroughi; G J Hibbett; A F Maxwell; A C Sharp; N H Taverner; M B Ward; F J P Willis
- Source:
- British Actuarial Journal [BAJ] (2005) 11(3): 407-496
Current developments in embedded value reporting
This paper reviews the developments in reporting of traditional embedded value and summarises some of the reasons why this is now undergoing change. It considers the purpose of an embedded value calculation and the effect of differing attitudes to risk. ... read more >>