Document library
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- Source:
- British Actuarial Journal [BAJ] (2004) 10(5): 1047-1070
The Penrose report. A discussion meeting held by the Institute of Actuaries. Abstract of the discussion
The `Report of the Equitable Life Enquiry', by The Right Honourable Lord Penrose, was delivered to Treasury Ministers on 23 December 2003, and was published on 8 March 2004 by The Stationary Office (also at www.hm-treasury.gov.uk). Members were encouraged ... read more >>
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- Author:
- T J Sheldon; A D Smith
- Source:
- British Actuarial Journal [BAJ] (2004) 10(3): 543-626
Market consistent valuation of life assurance business
In recent years there has been a trend towards market consistent valuation in those institutions for which actuaries have responsibilities. The larger United Kingdom with-profits insurance companies are now preparing realistic balance sheets, both for ... read more >>
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- Author:
- R C Willets; A P Gallop; T Leandro; J L C Lu; A S Macdonald; K A Miller; S J Richards; N Robjohns; J P Ryan; H R Waters
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- British Actuarial Journal [BAJ] (2004) 10(4): 685-832
Longevity in the 21st century
The main objective of this paper is to offer a detailed analysis of mortality change in the United Kingdom at the beginning the 21st century. Starting from an exploration of 20th century mortality trends, focusing in particular on the 1990s, underlying ... read more >>
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- Author:
- Life Office Taxation Working Party
Pre-budget report 2003
The pre-budget report on 10 December 2003 covered a number of areas of interest to life insurance companies. These included management expenses, transfer pricing, savings products, pensions, and share and property derivatives. Pre Budget Report 2003 ... read more >>
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- Author:
- Life Office Taxation Working Party\; Keith Wild
Use and valuation of NCI losses
In the Finance Act 2003, legislation was changed to allow shareholder losses in life companies to be carried forward and to be used to reduce future tax liabilities. This brings life companies into line with the existing treatment of losses for all other ... read more >>
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- Author:
- D Dullaway\; P D Needleman
- Source:
- Sessional meeting paper
Realistic liabilities and risk capital margins for with-profits business [mp3 sound file]
This paper addresses some of the practical and theoretical issues raised by the move to a market-consistent calculation of realistic liabilities and solvency capital for with-profit business. It is not concerned with ICAS, which is also covered by CP195. ... read more >>
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- Author:
- David Dullaway; Peter Needleman
- Source:
- Sessional meeting paper
Realistic liabilities and risk capital margins for with-profits business
This paper addresses some of the practical and theoretical issues raised by the move to a market-consistent calculation of realistic liabilities and solvency capital for with-profit business. It is not concerned with ICAS, which is also covered by CP195. ... read more >>
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- Author:
- Life Board\; Stochastic Accreditation Working Party
- Source:
- Sessional meeting paper
Asset models in life assurance. Views from the Stochastic Accreditation Working Party
Asset Models in Life Assurance - Views from the Stochastic Accreditation Working Party 17 November 2003 Faculty of Actuaries Sessional Meeting abcd Stochastic Accreditation Working Party - Background Originally Part of 2005 Accounting ... read more >>
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- Author:
- Keith Parker; Pamela Hagan
- Source:
- Life Convention 2003
Managing global business: the Irish market (Handout)
1 abcd 2003 Life Convention 9-11 November Hilton Birmingham Metropole Hotel Managing Global Business The Irish Market 2003 Life Convention 10 November Keith Parker Canada Life International Re Pamela Hagan KPMG Introduction The Irish (re) ... read more >>
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- Author:
- Nigel Cooke; Neil Reynolds
- Source:
- Life Convention 2003
Brandassurance and the virtual life office (Handout)
1 abcd 2003 Life Convention 9-11 November Hilton Birmingham Metropole Hotel abcd Brandassurance and the Virtual Life Office 10 November Nigel Cooke Neil Reynolds Agenda Glossary of Terms Partner / Joint Marketing FSA Handbook Requirements ... read more >>
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- Author:
- Bob Gibson; Paul Hately
- Source:
- Life Convention 2003
Brands in life assurance (Handout)
1 Brands in Life Assurance Bob Gibson - The Belgrave Partnership Paul Hately - Swiss Re Life and Health Discussion 2003 Life Convention 9-11 November Hilton Birmingham Metropole Hotel Agenda ? What is brand? - RWG ? Single Vs multi brand ... read more >>
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- Author:
- Peter Needleman; Mike Kipling; David Dullaway
- Source:
- Life Convention 2003
Realistic balance sheets - the way forward (slides)
Accounting and auditing; Financial statements 2003 Life Convention 9-11 November Hilton Birmingham Metropole Hotel Realistic Balance Sheets – the way forward ■ Realistic liabilities – a different perspective Peter Needleman ■ Practical issues – a ... read more >>
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- Author:
- Stephen Richards
- Source:
- Life Convention 2003
Annuitant mortality and longevity risk (Handout)
2003 Life Convention 11 November 2003 Copyright (c) 2003 Prudential. All rights reserved. Copying prohibited 1 Presentation to Actuarial Life Convention 11 November 2003 ANNUITANT MORTALITY AND LONGEVITY RISK Stephen Richards Head of Mortality ... read more >>
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- Author:
- Martin Muir; Mark Chaplin
- Source:
- Life Convention 2003
Practical issues and the implications of individual capital assessment (ICA) (handout)
Practical issues and the implications of ICA Martin Muir and Mark Chaplin Martin.Muir@eu.watsonwyatt.com Mark.Chaplin@eu.watsonwyatt.com 2003 Life Convention Birmingham, 9-11 November 2 Agenda ? What is an ICA? ? Case studies ? How to improve capital ... read more >>
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- Author:
- Carl Douthwaite
- Source:
- Life Convention 2003
Stochastic Accreditation Working Party (handout)
1 abcd Stochastic Accreditation Working Party 11 November 2003 Hilton Birmingham Metropole Hotel Stochastic Accreditation Working Party - Background ? Originally Part of 2005 Accounting Project – Successor to ‘Fair Values’ Working Party – Main ... read more >>
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- Author:
- Andrew Stoker; Andrew Walton
- Source:
- Life Convention 2003
Running a closed business - run-off solutions (handout)
Winding up 1 1 abcd Running a Closed Business - Run-Off Solutions Andrew Stoker Andrew Walton 2 Agenda Background What are the risks and how can you deal with them? How can you manage the balance sheet? Discussion 3 Background What ... read more >>
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- Author:
- Richard Baddon; Martin Werth
- Source:
- Life Convention 2003
Small life companies - a survival guide (handout)
1 1 abcd SMALL LIFE COMPANIES – A Survival Guide Richard Baddon, Milliman UK Martin Werth, Munich Re 2003 Life Convention Hilton Birmingham Metropole Hotel 2 Agenda Workshop not a presentation Number of registered life companies Expense ... read more >>
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- Author:
- Martin Langkjaer
- Source:
- Life Convention 2003
IP vs BU? A comparison of the UK & German disability markets (handout)
1 abcd IP vs. BU A comparison of the UK & German Disability Markets 2003 Life Convention 9-11 November Martin Langkjaer Hilton Birmingham Metropole Hotel Agenda German Background Market Comparison Product Comparison Pricing Comparison ... read more >>
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- Author:
- Philip Gwilt
- Source:
- Life Convention 2003
A perspective on persistency (handout)
Lapses ?N abcd 2003 Life Convention 9-11 November Hilton Birmingham Metropole Hotel A Perspective on Persistency Philip Gwilt Legal & General A Perspective on Persistency ? What is it and what is its relevance? ? What drives persistency and do we ... read more >>
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- Author:
- David Lomas
- Source:
- Life Convention 2003
WRAPS: Strategic imperative or just the latest fad? (handout)
Business enterprise © 2003 KPMG International, a Swiss nonoperating association. All rights reserved. WRAPS: Strategic imperative or just the latest fad? David Lomas KPMG Financial Services © 2003 KPMG International, a Swiss nonoperating association. ... read more >>