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Mortality improvements by socio-economic circumstances, discussion paper

This paper was presented at a sessional research meeting at Staple Inn Hall, London, on 24 September 2012. Mortality improvements by socio-economic circumstances in England (1982 to 2006) A discussion paper BY J.L.C. LU, W. WONG, AND M. BAJEKAL ... read more >>

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Author:
A. RITCHIE, J. CORRIGAN, S. GRAHAM, A. HAGUE, A. HIGHAM, J. HOLT, P. MOWBRAY, AND H. ROBINSON

Transforming consumer information discussion paper

Transforming consumer information A discussion paper BY A. RITCHIE, J. CORRIGAN, S. GRAHAM, A. HAGUE, A. HIGHAM, J. HOLT, P. MOWBRAY AND H. ROBINSON Presented to the Institute and Faculty of Actuaries 23 April 2012 (London) ... read more >>

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Author:
Michael Eves; Philipp Keller
Source:
What Solvency II Firms Can Learn from Swiss Solvency Experience

What Solvency II Firms Can Learn from Swiss Solvency Experience

Sessional Research Discussion Meeting – 19 March 2012 Royal College of Physicians, Edinburgh What Solvency II Firms Can Learn from Swiss Solvency Experience Michael Eves and Philipp Keller Switzerland introduced the Swiss Solvency Test (SST) as ... read more >>

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Author:
T.Z. Sithole, S. Haberman, R.J. Verrall
Source:
Sessional Research Discussion Paper 20 June 2011

Second international comparative study of mortality tables for pension fund retirees

This paper contains an update to the study carried out by Verall et al. (2006a, 2006b).  It examines the mortality assumptions used in the valuation of pension liabilities in a number of different countries.  The results are considered in ... read more >>

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Author:
T. Z. Sithole, R.J. Verrall, S. Haberman
Source:
Sessional Research Background Paper

Second International Comparative Study of Mortality Tables for Pension Fund Retirees

This study, which is an update and extension of an original study by Verall et al., CASS  (2005), aims to compare, separately the current mortality and the assumed future improvements in Austrailia, Austria, Belgium, Canada, Denmark, ... read more >>

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Author:
IFRS Working Party
Source:
Sessional research discussion paper

Insurance accounting: a new era?

Insurance accounting has for many years proved a challenging topic for standard setters, preparers and users, often described as a 'black box'.  Will recent developments, in particular the July 2010 Insurance Contracts Exposure Draft, hearald a new ... read more >>

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Author:
Chris O'Brien
Source:
Sessional Research Paper

Equity between with-profits policyholders and shareholders

This paper considers equity, or fairness, as being based on with-profits life insurers acting in accordance with their contracts. Equity between with-profits policyholders and shareholders A discussion paper By C.D. O’Brien Presented to the ... read more >>

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Author:
C.A. Cowling, R. Frankland, R.T.G. Hails, M.H.D. Kemp, R.L. Loseby, J.B. Orr and A.D. Smith
Source:
Sessional research paper

Developing a framework for the use of discount rates in actuarial work

The Management Board of the UK Actuarial Profession is undertaking a thought leadership cross-practice research project on the use of discount rates by UK actuaries.  The timing for this research is particularly appropriate as there is a convergence ... 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:
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:
Peter Tuley
Source:
Sessional meeting paper
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Author:
Peter Tuley
Source:
Sessional meeting paper

Management actions in a with-profits fund

The management of a fund requires a number of decisions as to the fair treatment of policyholders. This paper first considers the difference between the regulatory equirement to treat customers fairly and the longstanding concept within the profession of ... read more >>

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Source:
Faculty Sessional Meeting, 17 November 2008
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Author:
Catriona Macdonald
Source:
Sessional meeting paper

Scoping mortality research. Report of the Mortality Research Steering Group

The Actuarial Profession is currently undertaking a review of its research strategy, and has decided to focus more resources on researching mortality developments This report represents the first step by the Mortality Developments Scoping Project Steering ... read more >>

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Author:
Colin Ledlie\; Dermot Corry\; Gary Finkelstein\; Alan Ritchie\; Ken Su\; Colin Wilson
Source:
Faculty sessional meeting paper, 31 March 2008 (mp3)
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Author:
Peter Murphy
Source:
Our Changing Future meeting, 26 March 2008

Current topics 2008 (FASS). Life insurance (slides)

Current Topics 2008 Our Changing Future & Faculty of Actuaries Students’ Society Life Insurance Deloitte3 © 2008 Deloitte & Touche LLP. All rights reserved. Introduction 2007 at a glance Discussion Papers Discussion Paper issued by the FSA in ... read more >>

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Author:
Peter Murphy
Source:
Our Changing Future meeting, 26 March 2008

Current topics 2008 (FASS). Life insurance

1234567 TUV Deloitte & Touche LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at Stonecutter Court, 1 Stonecutter Street, London EC4A 4TR, United Kingdom, Deloitte ... read more >>

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Author:
Colin Ledlie; Cermot Corry; Gary Finkelstein; Alan Ritchie; Ken Su; Colin Wilson
Source:
Faculty sessional meeting paper, 17 March 2008

Variable annuities

This paper provides a detailed overview of variable annuities. Consideration is first given to the definition of the term variable annuity. Common terminology used in the variable annuity market is introduced. The current state of the United Kingdom and ... read more >>

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Source:
Sessional meeting paper, 28 January 2008 (mp3)