Document library
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- Author:
- David Ingram; Laura Santori; Mark Puccia
Insurance criteria: evaluating the enterprise risk management practices of insurance companies
With the new risk-management evaluation process described in this paper, risk managment will become a separate, major category of S&P analyses. Best performers in that category will have robust risk-management processes that are carried across the ... read more >>
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- Author:
- Joint Money Laundering Steering Group
Prevention of money laundering / combating the financing of terrorism. Guidance for the UK financial sector, Part 1
In the UK, there has been a long-standing obligation to have effective procedures in place to detect and prevent money laundering. Many of the procedures which will be appropriate to address these obligations are similar, and firms can often employ the ... read more >>
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- Author:
- Joint Money Laundering Steering Group
Prevention of money laundering / combating the financing of terrorism. Guidance for the UK financial sector, Part 2
In the UK, there has been a long-standing obligation to have effective procedures in place to detect and prevent money laundering. Many of the procedures which will be appropriate to address these obligations are similar, and firms can often employ the ... read more >>
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- Author:
- Disciplinary Review Working Party
Faculty of Actuaries disciplinary scheme (effective from 1 January 2004)
Faculty Disciplinary Scheme 2004. This disciplinary scheme replaces the current Rules 35-43 of the Faculty Rules and Bye-laws. It is a mirror scheme to that of the Institute so that, for the first time, members of both bodies face the same disciplinary ... read more >>
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- Author:
- Chris Lewin
- Source:
- Enterprise Risk Management 2006
RAMP - Analysis and Management for Projects (Handout)
1 RAMP Risk Analysis and Management for Projects By Chris Lewin Agenda How RAMP came about Purpose and scope of RAMP The RAMP process RAMP and financial services RAMP within ERM How actuaries can help RAMP users How RAMP came about Collaboration between ... read more >>
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- Author:
- Jean-Bernard Crozet; Reeken Patel
- Source:
- General Insurance Convention 2006
Catastrophe risk aggregation (Handout)
CATASTROPHE RISK AGGREGATION 33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark JB CROZET REEKEN PATEL INTRODUCTION A Stat & A Quote Catastrophe Aggregation Monitoring “quantifying the potential losses from catastrophic events, across ... read more >>
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- Author:
- Scott Collings
- Source:
- General Insurance Convention 2006
Reserve ranges - the Australian experience (Handout)
1 33rd ANNUAL GIRO CONVENTION Reserve Ranges the Australian Experience Presented by Scott Collings Hilton Vienna Hotel, Am Stadtpark Accounting Rules Accounting rules require: Central Estimate of liabilities mean of liability distribution Discounted ... read more >>
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- Author:
- Richard Care; Jacqueline Fenech
- Source:
- Life Convention 2006
Solvency II. Challenges and industry impact (handout)
1 Solvency II Challenges and industry impact Richard Care Jacqueline Fenech Solvency II Agenda: ?What is Solvency II and where is it up to ?Quantitative Impact Study II (QISII) ?Assessment of Impact ?Future Challenges ?Timetable Background: Solvency I ... read more >>
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- Author:
- Jon Exley; Andrew Smith
- Source:
- British Actuarial Journal [BAJ] (2006) 12: 229-301
The cost of capital for financial firms
Most businesses have assets financed by capital providers. The cost of capital is a measure of the returns required by those capital providers. Its main use is to set a target for the profits, which must be achieved on the firm's assets in order to satisfy ... read more >>
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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:
- Life Board
GN44: Mathematical reserves and resilience capital requirement. Version 2.0 [adopted by BAS on 19 May 2006]
This life insurance 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/GN44 V2.0 B44.1 ... read more >>
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- Author:
- Life Board
GN45: Determining the with-profits insurance capital component. Version 2.0 [adopted by BAS on 19 May 2006]
This life insurance 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/GN45 V2.0 B45.1 ... read more >>
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- Author:
- Pensions Board
GN9: Funding defined benefits - presentation of actuarial advice. Version 8.0 [adopted by BAS on 19 May 2006]
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 V8.0 ... read more >>
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- Author:
- Pensions Board
GN11: Retirement benefit schemes - transfer values. Version 9.2
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/GN11 V9.2 ... read more >>
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- Author:
- Pensions Board
GN49: Occupational pension schemes - scheme funding matters on which advice of an actuary must be obtained. Version 1.0
This pensions Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the BAS website. MAP/GN49 V1.0 B49.1 GN49 : Occupational Pension Schemes Scheme funding matters on which advice of actuary must ... 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:
- Pensions Board\; Wendy Beaver
GN9: Funding defined benefits - presentation of actuarial advice. Version 8.0. 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:
- Pensions Board\; Wendy Beaver
GN28: Retirement benefit schemes - adequacy of benefits for contracting out. Version 2.0. Covering letter
Covering letter to Version 2.0 of GN28 which came into force on 5 December 2005. This Guidance Note assists actuaries signing the Reference Scheme Test certificate required by HM Revenue and Customs in relation to the adequacy of benefits to contract-out ... read more >>
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- Author:
- Pensions Board
GN28: Retirement benefit schemes - adequacy of benefits for contracting-out. Version 2.0. Track changes version
This version of GN28 shows the track changes between Version 1.3 and Version 2.0. It is not part of the Manual of Actuarial Practice. MAP/GN28 V2.0 B28.1 THIS IS A TRACK CHANGES DOCUMENT AND NOT PART OF THE MANUAL OF ACTUARIAL ... read more >>