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Author:
Andrew Hitchcox; I A Hinder; A M Kaufman; Trevor Maynard; Andrew Smith; Martin White
Source:
Sessional meeting paper

Assessment of target capital for general insurance firms (mp3 sound file)

This paper discusses the concept of target capital, where the firm takes account of three different approaches to risk appetite: regulatory capital plus a buffer; rating agency views; and the views of shareholders where they make commitments to customers ... read more >>

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Author:
General Insurance Board\; Current Issues Committee

General Insurance Current Issues Newsletter, November 2006

The content of this newsletter is a summary of some of the current issues that might be of interest to UK General Insurance actuaries and that have come to the attention of the Current Issues Committee. Contents include: International\; Claims and legal ... read more >>

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Author:
Andrew Hitchcox; I A Hinder; A M Kaufman; Trevor Maynard; Andrew Smith; Martin White
Source:
Sessional meeting paper

Assessment of target capital for general insurance firms

This paper discusses the concept of target capital, where the firm takes account of three different approaches to risk appetite: regulatory capital plus a buffer; rating agency views; and the views of shareholders where they make commitments to customers ... read more >>

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Author:
Martin Pike
Source:
Life Convention 2006

Management action: myth or reality (handout)

1 Management Actions: Myth or Reality? Institute and Faculty of Actuaries Working Party November 2006 Introduction ? The Management Actions working party was established by the Life Board of the Actuarial Profession ? Broad remit to investigate and ... read more >>

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Author:
John Jenkins; Clayton Balkind
Source:
Life Convention 2006

Good, better, best practice: A look at how actuaries are meeting today's challenges with respect to ICA, EV and Regulatory Reporting (slides)

Good, Better, Best Practice: A look at how actuaries are meeting today’s challenges with respect to ICA, EV and Regulatory Reporting John Jenkins and Clayton Balkind e-Survey: Background Background ? Information on assumptions and results are ... read more >>

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Author:
David Hare
Source:
Life Convention 2006

Solvency II - Developments, issues and possible implications (handout)

1 Solvency II – Developments, Issues and Possible Implications (E06) David Hare Standard Life 7 November 2006 What the brochure said ? What the European Commission are seeking to achieve and how they are going about it ? The key role that CEIOPS is ... read more >>

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Author:
Hamish Wilson; Robert Kerr
Source:
Life Convention 2006

Practicalities of protection experience analysis (handout)

1 Practicalities of Protection Experience Analysis Hamish Wilson and Robert Kerr Resolution Plc Agenda ? Why? ? Who? ? How? ? Analysing Results ? Assumption Setting ? What next? Purposes of Investigation? ? Setting EV Basis ? Setting Pricing ... read more >>

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Author:
S R Diacon, P T Fenn and C O’Brien

How accurate are the disclosed provisions of UK general insurers?

This paper attempts to measure the size of reserve errors in the accident-year accounted business of UK general insurers over the period 1985 to 1996, focusing on the net reserves for reported and incurred claims (ie IBNR) reported in annual regulatory ... read more >>

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Author:
Estelle Pearson
Source:
General Insurance Convention 2006

Challenges for Australian GI actuaries this summer (handouts)

1 The Role of the Actuary Caroline Pearson, Punter Southall & Co 24 November 2006 The Role of the Actuary “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” Charles Darwin (1809 ... read more >>

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Author:
Paul Mumford
Source:
General Insurance Convention 2006

Capital structures in insurance (handouts)

1 33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark Capital Structures In Insurance So, you have calculated your ICA And the FSA have given you some ICG. What happens next? Properties of capital allocation What capital to allocate How to ... read more >>

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Author:
Louise Francis; Robert Campbell; Mark Rothwell; Simon Sheaf; Virginia Prevosto
Source:
General Insurance Convention 2006

Report of the data quality working party (2006)

The Data Quality Working Party was formed because of the view that data quality issues significantly impact the work of general insurance actuaries; and such issues could have a material impact on the results of general insurance companies. •In this paper ... read more >>

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Author:
Alex Marcuson
Source:
General Insurance Convention 2006

Embedding capital models in the business

25/08/2006 1/46 Institute of Actuaries Working- Party: Embedding Capital Models in the Business Matthew Byrne Cathryn Dunlop Steven Fisher Ian Hilder Alex Marcuson (Chair) Loan-Anh Nguyen Penny Shaw James Toller 33rd ... read more >>

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Author:
Trevor Maynard; Nigel De Silva; Richard Holloway; Markus Gesmann; Sie Lau; John Harnett
Source:
General Insurance Convention 2006

An actuarial toolkit. Introducing "The Toolkit Manifesto"

We ve found some exciting tools and have given some examples on our website www.toolkit.pbwiki.com. But you have to play with them to see their value. We're sorry but we re delegating your CPD to you. Business often has a one-size-fits-all strategy to IT. ... read more >>

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Author:
Mark R Shapland
Source:
General Insurance Convention 2006

Working Parties in the CAS [copies of slides]

1 D03: Working Parties in the CAS 33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark Mark R. Shapland, FCAS, ASA, MAAA Donald F. Mango, FCAS, MAAA Session Outline Working Parties in the CAS? Completed CAS Working Parties CAS Working Parties ... read more >>

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Author:
Jonathan Broughton ; Paul Murray
Source:
General Insurance Convention 2006

Why run-off companies should take DFA seriously [copies of slides only]

33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark WHY RUN-OFF COMPANIES SHOULD TAKE DFA SERIOUSLY Jonathan Broughton & Paul Murray Aims of workshop ? Overview of: ? Why do DFA in run-off? ? Where is it useful / What are the benefits? ... read more >>

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Author:
James Orr
Source:
General Insurance Convention 2006

Joined-up risk management - linking pricing, reserving and capitalisation

1 Plenary Session 6 Update from GIB Chairman Joined-up Risk Management Linking Pricing, Reserving and Capital 33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark Outline Chairman s Opening Remarks Background to Session A Quick Plug Derek ... read more >>

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Author:
Don Mango and Guy Carpenter
Source:
General Insurance Convention 2006

Recommendations for general insurer risk management

1 Plenary 6 Recommendations for General Insurer Risk Management Don Mango, FCAS Guy Carpenter, USA 33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark Recommendations for General Insurer Risk Management: 1. Underwriting Capacity ... read more >>

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Author:
Martin Noble
Source:
General Insurance Convention 2006

Solvency II and Basel II - What can actuaries learn? [copies of slides]

SOLVENCY II AND BASEL II - WHAT CAN ACTUARIES LEARN? 33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark Introduction ? The current Basel II regime ? The current FSA regime ? The proposed Solvency II regime ? Credit Risk ? Market Risk ... read more >>

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Author:
Mark Flower; Visesh Gosrani
Source:
General Insurance Convention 2006

Reinsurance matters! On behalf of the working party (Handout)

1 REINSURANCE MATTERS! Mark Flower & Visesh Gosrani on behalf of the working party 28 September, 2006 Coming right up The working party and our mission Why Reinsurance Matters to you What we ve done this year What might be done: The future? Episode ... read more >>

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Author:
Graham Fulcher et al
Source:
General Insurance Convention 2006

Report of the Catastrophe Modelling Working Party

The first part of the paper gives a brief introduction to catastrophe modelling. We then discuss the uses that actuaries make of catastrophe models in their work. •The subsequent sections of the paper then address in detail various aspects of the models ... read more >>