Document library
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- Author:
- David E A Sanders
- Source:
- General Insurance Convention 1981
Risk theory and the determination of solvency
The use of Risk Theory in General Insurance goes back an extremely long way. Barrows (1835) distinguished between the probability of a building catching fire and the amount consumed by fire once it had started. The general principles were used in life ... read more >>
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- Author:
- John P Ryan
- Source:
- General Insurance Convention 1981
Trends in the underlying parameters
When the management of a company is about to set its premium rates for the following year, an estimate of the likely parameters that go towards the make up of the premium rates will have to be made. These parameters include claims frequency, claims cost, ... read more >>
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- Author:
- David E A Sanders
- Source:
- General Insurance Convention 1981
Solvency margins and the underwriting cycle
Work on the effect of the underwriting cycle and solvency appear to have been minimal in the past. It is clear that from various factors, there is little to link underwriting cycles with solvency, except, perhaps, the first. What this note intends to ... read more >>
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- Author:
- Mark E Trayhorn
- Source:
- General Insurance Convention 1981
Working Party on Solvency Margins. Technical risks
The main risk that we are concerned with here is the possibility of a trading loss arising because one or more elements in the premium basis turn out to be inaccurate. Two cases may be distinguished: 1) Where the premium rates are adequate but losses ... read more >>