Document library
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 >>