Document library
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- Author:
- Andrew Thomson; Susan Cooper; David Craighead; Russell Devitt; Stewart Hartley; Roger Harvey; David Williams
- Source:
- General Insurance Convention 1981
Investment Risks Working Party report
An insurance company must maintain sufficient reserves and provisions to cover the following risks: Technical Risks; Investment Risks and Other Risks. There were three working parties, each one concentrating on one of the above three categorisations. The ... read more >>
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- Author:
- Gerald Healy
- Source:
- General Insurance Convention 1981
Inflation
When an underwriter considers a revision of premium rates for a particular class of business he is forced, either implicitly or explicitly, to make a number of assumptions regarding the future progress of the account. If he were able accurately to predict ... read more >>
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- Author:
- Bob Alting von Geusau; David Hart; Nigel Gillott; Ray Hunter; Janet Lockett; Graham Lyons; Chris Mellor; Richard Wilkinson
- Source:
- General Insurance Convention 1981
Reinsurance and other aspects. Solvency Working Party report
The subject of reinsurance and particularly its solvency aspects is a most appropriate one for study at the present time in view of the generally agreed weakness of the world reinsurance market. This is fairly typically summed up in the following quotation ... read more >>
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- Author:
- John Ryan; Harold Clarke; Brian Hudson; Graham Lyons; David Reid; David Sanders
- Source:
- General Insurance Convention 1980
Data collection
It is not the intention and neither should it be the intention of this working party to provide draft material for a statistical plan for certain lines. Any such plan should be produced by groups of companies, the BIA and/or individual companies and in ... read more >>
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- Author:
- William W Truckle
- Source:
- General Insurance Convention 1980
Working Party on DoT Returns
The Insurance Companies (Accounts and Statements) Regulations 1980 come into force on 1 January 1981 and insurance companies will have to submit annual returns in accordance with these Regulations for accounting years starting on or after that date. These ... read more >>
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- Author:
- Trayhorn, Mark E; Abbott, William M; Craighead, David H; Hunter, Ray J; Karsten, Henry P J; Oakes, M; Ryan, John P; Wilkinson, Richard C
- Source:
- General Insurance Convention 1980
Report of Working Party on Fluctuation Reserves
The incidence and size of claims varies over time and part of this variation will be of the form of statistical fluctuations which do not affect the long-term outcome of the business but do have significant short-term effects on the claims experience. A ... read more >>
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- Author:
- Andrew Thomson; Richard Gyles; Russell Devitt; Jon Wallis; Susan Cooper
- Source:
- General Insurance Convention 1980
Expenses Working Party (1980)
The Working Party has produced four papers as follows: 1) Expense loadings, costing and rating; 2) Claims settlement expenses; 3) General branch expenses in a home service office; 4) Marginal costing. The second paper is not strictly within the terms of ... read more >>
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- Author:
- Jane Lockett
- Source:
- Journal of the Institute of Actuaries Students' Society [JSS] (1980) 24: 91-134
Catastrophes and catastrophe insurance
CATASTROPHES AND CATASTROPHE INSURANCES by J. E. LOCKETT (A paper presented to the Institute of Actuaries Students' Society on 18 March, 1980) 1. INTRODUCTION 1.1 This paper focuses on sections of the insurance industry which are not often widely ... read more >>