Document library
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- Author:
- George Orros, John Smith
- Source:
- Sessional Research Paper
ERM for health insurance from an actuarial perspective
This sessional research discussion paper focuses on Enterprise Risk Management (ERM) and strategic business management for health insurance companies in our world of 'unknown unknowns' and the emergence of unexpected risks over time. It illustrates ... read more >>
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- Author:
- Dwityapoetra Besar; Philip Booth; Ka Kai Chan; Alastair K L Milne; J Pickles
- Source:
- Sessional meeting paper
Systemic risk in financial services
The current banking crisis has reminded us of how risks materialising in one part of the financial system can have a widespread impact, affecting other financial markets and institutions and the broader economy. This paper, prepared on behalf of the ... read more >>
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- Author:
- Stuart Jarvis, Adrian Lawrence, Sheng Miao
- Source:
- Sessional meeting paper (executive summary)
Dynamic asset allocation techniques. Executive summary of draft sessional paper
Investment strategy is often static, punctuated by infrequent reviews. For most long-term investors, this practice results in large risks being taken that could otherwise be managed with a more dynamic investment policy. The bulk of this paper is aimed at ... read more >>
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- Author:
- J. Maher, J. Corrigan, A. Bentley and W. Diffey
- Source:
- Sessional research discussion paper
An executive's handbook for understanding and risk managing unit linked guarantees.
The focus of this paper is the identification, and more importantly, sustainable management, of risks embedded in guarantees attaching to unit linked savings and retirement contracts (as commonly referred to as GMxBs). In developing customer centric ... read more >>
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- Author:
- Paul Sweeting
- Source:
- Institute Sessional Meeting paper 24 May 2010
What SSAP 24 can tell us about accounting quality
Statement of Standard Accounting Practice (SSAP) 24 required, for the first time, particular levels of disclosure in relation to firms’ pension arrangements. Whilst this was a major step forward, it allowed a significant degree of discretion. This ... read more >>
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- Author:
- Richard Shaw; Andrew Smith; Grigory Spivak
- Source:
- Institute Sessional Meeting paper 10 May 2010
Measurement and modelling of dependencies in economic capital. A discussion paper.
Measurement and Modelling of Dependencies in Economic Capital A discussion paper By R.A. Shaw, A.D. Smith and G.S. Spivak Presented to The Institute of Actuaries 10 May 2010 MEASUREMENT AND MODELLING OF DEPENDENCIES IN ECONOMIC CAPITAL ... read more >>
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- Author:
- Richard Shaw; Andrew Smith; Grigory Spivak
- Source:
- Institute sessional meeting, 10 May 2010
Dependency workshop: Analysing dependent data. A case study of equity returns
Analysing Dependent Data A Case Study of Equity Returns 10 May 2010 Richard Shaw, Andrew Smith & Grigory Spivak Workshop Overview • Empirical analysis of non-linear dependence in UK and Danish stock market returns • Fitting copula functions • ... read more >>
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- Author:
- Richard Shaw; Andrew Smith; Grigor Spivak
- Source:
- Institute sessional meeting, 10 May 2010
Measurement and modelling of dependencies in economic capital [slides]
Slides accompanying the paper presented at the Institute sessional meeting on 10 May 2010. 5/11/2010 1 Measurement and Modelling of Dependencies in Economic Capital Richard Shaw, Andrew Smith and Grigory Spivak © 2010 The Actuarial Profession ... read more >>
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- Author:
- B A Browne; E J Collinge; P Fulcher; B E Johnson; W Little; J L C Lu; J M Nurse; D W Smith; P G Telford; F Zhang
- Source:
- Sessional meeting paper
Developments in the management of annuity business
The focus of the paper is non-profit lifetime annuities in the UK. Annuity insurers have been faced with, or have initiated, an unprecedented amount of change during the last decade, and rapid change is still continuing. We draw out implications for the ... read more >>
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- Author:
- M A H Dempster; E A Medova
- Source:
- Sessional meeting paper
Asset liability management for individual households
Personal finance is a challenging topic which can benefit from a scientific approach to individual financial planning. This paper presents an individual asset liability management (iALM) model for life cycle planning which uses the methodology of dynamic ... read more >>
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- Author:
- Andrew Hitchcox\; Paul Klumpes\; Kenneth McGaughey\; Andrew Smith\; Neil Taverner
- Source:
- Sessional meeting paper
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- Author:
- Andrew Hitchcox; Paul Klumpes; Kenneth McGaughey; Andrew Smith; Neil Taverner
- Source:
- Sessional meeting paper
ERM for insurance companies - adding the investor's point of view
A major outcome of ERM activities in insurance companies has been the bringing together of all of the key risks in the company, to be managed together in a holistic fashion. The authors of this paper believe that an ERM framework also needs to look beyond ... read more >>