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Author:
Dr Aled Jones; Irma Allen; Nick Silver; Catherine Cameron; Candice Howarth and Ben Caldecott

Research report - Resource constraints: sharing a finite world. Implications of Limits to Growth for the Actuarial Profession

Economic growth has received significantly more attention globally over the last few years. While traditional growth has been very visible through the consumption of resources, the resources required to sustain the current level of economic growth may not ... read more >>

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Author:
S. J. Richards, I. D. Currie and G. P. Ritchie
Source:
Sessional Research Meeting

A Value-at-risk framework for longevity trend risk - a discussion paper

Longevity risk faced by annuity portfolios and defined-benefitt pension schemes is typically long-term, i.e. the risk is of an adverse trend which unfolds over a long period of time. However, there are circumstances when it is useful to know by how much ... read more >>

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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:
Peter Wright and Nick Dexter

IASB Insurance Project - Update Note 6, June 2011

This is the sixth update, prepared by Peter Wright ad Nick Dexter, circulated in the LIfe PEC Newsletters. The earlier updates appeared in the December 2009, March, May July and August 2010 Newsletters. IASB Update Note No. 6 – Peter Wright and Nick ... read more >>

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Author:
Continuous Mortality Investigation

CMI critical illness diagnosis rates spreadsheet request form

Spreadsheets associated with CMI Working papers 43, 50 and 52 Request form for CMI Critical Illness cause-specific diagnosis rates spreadsheets Please supply me with a copy of the spreadsheets that the CMI is making available to CMI member offices ... 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:
Resource and Environment Group
Source:
Newsletter

Resource and Environment Group Newsletter March 2011

This is the third edition of a regular newsletter produced by the Resource and Environment Group Resource and Environment Group Since our last newsletter (November 2010), REG has set up a managing committee to organise our activities. The members are ... 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:
Resource and Environment Group
Source:
Resource and Environment Group Newsletter, August 2010

Resource and Environment Group Newsletter August 2010

The first newsletter by the resource and environment member interest group, dated August 2010. Resource and Environment Group Newsletter – August 2010 This is the first newsletter of the Resource and Environment Member Interest Group, providing some ... read more >>

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Author:
Continuous Mortality Investigation

CMI Working paper 47. The graduation of sickness rates for the CMI individual income protection experience for 1991-98 of males, occupation class 1

C h e a p s i d e H o u s e , 1 3 8 C h e a p s i d e , L o n d o n E C 2 V 6 B W Te l : 0 2 0 7 7 7 6 3 8 2 0 Fa x : 0 2 0 7 7 7 6 3 8 1 0 w w w. c m i b . o r g . u k i n f o @ c ... read more >>

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Author:
Continuous Mortality Investigation

Graduated values of claim inception intensities for males, occupation class 1, 1991-98, by exact age at falling sick

Outputs10_12 Continuous Mortalty Investigation - Income Protection Committee Graduated values of Claim Inception Intensities for Males, Occupation Class 1, 1991-98, by exact age at falling Sick. [The rates shown as DP4 are the DP4(2) variant in ... read more >>

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Author:
Continuous Mortality Investigation

CMI Working paper 46. Background papers on the analysis of CMI individual income protection claim records

CMI Working paper 46. Background papers on the analysis of CMI individual income protection claim records C h e a p s i d e H o u s e , 1 3 8 C h e a p s i d e , L o n d o n E C 2 V 6 B W Te l : 0 2 0 7 7 7 6 3 8 2 0 ... read more >>

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Author:
Continous Mortality Investigation

CMI Working paper 48. An overview of the graduations of sickness inceptions and termination rates for the CMI individual income protection experience for 1991-98 of males, occupation class 1

C h e a p s i d e H o u s e , 1 3 8 C h e a p s i d e , L o n d o n E C 2 V 6 B W Te l : 0 2 0 7 7 7 6 3 8 2 0 Fa x : 0 2 0 7 7 7 6 3 8 1 0 w w w. c m i b . o r g . u k i n f o @ c ... read more >>

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Author:
Continuous Mortality Investigation
Source:
CMI Working paper 44

SAPS mortality investigation, All data

Summary Sheet CMI Self Administered Pension Schemes Mortality Investigation Please note: • Although the CMI has made reasonable attempts to validate the data, its accuracy cannot be guaranteed and the CMI accepts no liability for its use • Any ... read more >>