Document library
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Investigating the market potential for customised long term care insurance products
Previous economic research into long-term care (LTC) has mainly been focussed on one issue: the reasons why the LTC insurance market has not been successful. In this contribution, we analyse the prospects for a new type of insurance policy, which offers a ... read more >>
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Minding the money: carers and the management of financial assets in later life. Report of a scoping study
Minding the Money: Carers and the Management of Financial Assets in Later Life Report of a Scoping Study Hilary Arksey Anne Corden Caroline Glendinning Michael Hirst May 2006 Contents Page List of ... read more >>
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Quantifying operational risk in life insurance companies
This paper overviews a practical approach to the assessment of operational risk in life insurance companies. It considers how actuaries working in conjunction with risk management professionals and senior management, can develop a framework to assess the ... read more >>
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Lessons from closure: An analysis and comparison of the issues facing closed life funds and closed pension schemes [mp3 sound file]
The last few years have seen a rising number of closed with-profits funds and final salary schemes closed to new entrants. Compared to open funds, the closed variety have different characteristics and their financial management requires different ... read more >>
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GN38: Pre-paid funeral plans. Version 1.0 [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/GN38 V1.0 B38.1 ... read more >>
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Professional Conduct Standards (referred to as the PCS). Version 2.3 [superseded]
PCS V2.3 A1.1 PROFESSIONAL CONDUCT STANDARDS referred to as the PCS MEMBERS ARE REMINDED THAT THEY MUST ALWAYS COMPLY WITH THE PROFESSIONAL CONDUCT STANDARDS (PCS) AND THAT GUIDANCE NOTES IMPOSE ADDITIONAL REQUIREMENTS UNDER SPECIFIC ... read more >>
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Quantitative Finance Network (QFN) event discussion question outcomes
Quantitative Finance Network (QFN) event discussion questions What are the key research opportunities and challenges facing: you? your organisation? the UK? Research (knowledge development) subjects Data gathering, management, ... read more >>
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Memorandum of understanding between the Financial Reporting Council and the UK Actuarial Profession
The Financial Reporting Council seeks to promote high quality actuarial practice and the integrity, competence and transparency of the actuarial profession. This Memorandum summarises the respective responsibilities of the FRC and the Actuarial ... read more >>
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Handover of the responsibility for the setting of technical standards from the Actuarial Profession to the Board for Actuarial Standards (BAS). Open letter
Open letter from the President of the Faculty of Actuaries and the President of the Institute of Actuaries to the Chairman of the Board for Actuarial Standards 1/2 The Actuarial Profession making financial sense of the future Mr P A C Seymour FIA ... read more >>
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Measuring reserve uncertainty (handouts)
1 Estimating and Communicating Reserving Uncertainty 4th Younger Members Convention James Toller Christian Kortebein The City Hall, Cardiff, 5-6 December 2005 Agenda Section 1: Working party findings Section 2: Models in Allianz Section 3: Beazley ... read more >>
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Measuring reserve uncertainty (handouts)
1 Measuring Reserve Uncertainty James Toller CIGI 16 May 2006 Overview Measuring reserve uncertainty [and adding business value]: Views Objectives & deliverables What we have done Views We are often modelling the unknowable Excessive complexity may ... read more >>
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Current issues in the Irish insurance market (handouts)
1 Current Issues in the Irish Insurance Market Paul Duffy Quantum Actuaries & Consultants 16th May 2006 Barbican Centre Content of Workshop 2004 Year End Results PIAB Reinsurance Certification Actuarial Profession in Ireland Relationship with ... read more >>
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The New General Insurance Guidance Notes (Handout)
1 The New General Insurance Guidance Notes Current Issues in General Insurance Tuesday 16 May The Barbican, London Eamonn McMurrough Focus for this session One new and three revised GI guidance notes GN50 - General Insurance Principles and Practice ... read more >>
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General Insurance Premium Rating Issues Working Party (GRIP) terms of reference
JDA\C:\Documents and Settings\101328\Local Settings\Temporary Internet Files\OLK140\Terms of reference final.doc General insurance premium Rating Issues working Party ("GRIP") Proposed terms of reference revised 15 December 2005 Introduction The GIB ... read more >>
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Decision on the maximum fine at the adjudication stage
This 'decision' paper sets the maximum fine which an Adjudication Panel can offer to a respondent under the disciplinary scheme. Version 1.1 is clarified to explain that the maximum fine is Ł5000 in aggregate if more than one fine is offered. The ... read more >>
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Moving forward: towards a fair and adequate funding system for long-term care
1 Moving forward: towards a fair and adequate funding system for long-term care 8th May 2006 Sue Collins The changing demographics Latest population projections from the Government actuary s Department predict higher than previously projected ... read more >>
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Critical Illness Trends Research Group Update
1 Moving forward: towards a fair and adequate funding system for long-term care 8th May 2006 Sue Collins The changing demographics Latest population projections from the Government actuary s Department predict higher than previously projected ... read more >>
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A users guide to CMI CI experience
1 A Users Guide to CMI CI Experience Eli Friedwald 8 May 2006 Users Guide to CMI Brief history of Industry CI Statistics Looking at CMI 1999-2002 Experience 2 Brief History of Industry Statistics 1991-1997 CI HSG released in 2000 Not CMI; a crude ... read more >>
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Critical Illness Trends Research Group Update (handouts)
1 Capital And Risk Management Some Thoughts on Risk Capital for CI Business Neil Robjohns Head of Pricing & Products, Munich Re UK Life Branch Critical Illness – MOT or Cosmetic Surgery ? One-Day Seminar 06 December 2006 CI Risk Based Capital ... read more >>
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IP trends by cause of disability
IP trends by cause of disability David Leach CMI IP Cause of Disability Working Party Contents • Background • Data • Methodology • Results • Applications • Questions and feedback Background • IP Cause of Disability working party formed in ... read more >>