Document library
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- Author:
- David E A Sanders
- Source:
- General Insurance Convention 1984
Provision for bad debt in credit risk
This method is being used to assess the bad debt provision for companies in their Companies Act Accounts. It has implications in respect of insurance business: 1) which insures bad debt\; and 2) in respect of its own bad debts. The conditions when the ... read more >>
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- Author:
- David M Hart
- Source:
- General Insurance Convention 1984
Considerations in evaluating reinsurance security
In world markets, very great sums are expended on the purchase of reinsurance protections which, like many general insurance contracts, promise the reimbursement of certain future payments if they are incurred. The ceding company obviously needs to have ... read more >>
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- Author:
- Mark Allen
- Source:
- General Insurance Convention 1984
The contribution approach in practice
The expression of profitability by policy class in contribution format rather than using traditional "underwriting profit" methods has considerable advantages, namely: 1) Investment income (on technical reserves) is included on an explicit basis making ... read more >>
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- Author:
- Stavros Christofides
- Source:
- General Insurance Convention 1984
Extended warranty
Extended Warranty insurance on home appliances was first introduced to the British market in early 1981 and is now estimated to be generating premiums of about £100m per annum. The insurance covers the cost of repairs or replacement of parts in the ... read more >>
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- Author:
- William Abbott
- Source:
- General Insurance Convention 1984
Draft Guidance Notes: Actuarial reporting in general insurance
The Institute have issued guidance notes and official exposure drafts on a number of topics. None of these specifically relate to general insurance, although those on professional conduct and practice and legal liability are not irrelevant. There is a ... read more >>
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- Author:
- Stewart M Coutts; David H Craighead; Frederick Duncan; N Einck; Peter A G Green; David M Hart; Ray J Hunter; Graham E Lyons; Peter N Matthews; S Mathers; John P Ryan; S Schreiber; J Sutton
- Source:
- General Insurance Convention 1984
Some notes on the London market
The three papers that follow cover some aspects of reinsurance business written in the London Market. They are not meant to depict the main or even the most important features. They are simply samples that have been produced by a group of actuaries ... read more >>
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- Author:
- David E A Sanders
- Source:
- General Insurance Convention 1984
Valuation of long term claims in a stable environment
The method described below makes the following implicit assumptions: 1) The question of claims is known reasonably accurately (or can be simulated) and is relatively stable. 2) The assets held in respect of such claims are separately identifiable and ... read more >>
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- Author:
- Andrew K Thomson; Philip A Hodkinson
- Source:
- General Insurance Convention 1984
General insurance investment principles
Philip A. 8 pages. Below are what we perceive as being four basic investment principles. In the following sections, we discuss why they are important, how they may be achieved and problems that may be encountered. 1) To maximise net rate of return. 2) To ... read more >>