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Author:
William Truckle
Source:
General Insurance Convention 1986

Education at the crossroads

I believe we are at the crossroads, and we must act quickly and decisively to determine in which direction to point the education system. If we hesitate we will be unable to produce enough qualified actuaries to meet the potential demand for our services, ... read more >>

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Author:
Gary F Chamberlin
Source:
General Insurance Convention 1986

Claims reserving manual - note for GISG Conference

The Manual is not intended to be just a theoretical exercise. The aim is that it should show the many reserving methods in action - ie, applied to practical problems from the working field of General Insurance. To this end, we are seeking actual examples ... read more >>

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Author:
Ian L Rushton
Source:
General Insurance Convention 1986

The work of the General Insurance Committee

At its meeting on 12 May 1986 the Institute Council agreed that the General Insurance Committee should present an account of its activities to the annual GISG Convention. This is the first of such reports. INSTITUTE OF ACTUARIES STAPLE INN HALL, HIGH ... read more >>

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Author:
General Insurance Study Group
Source:
General Insurance Convention 1986

Statement of recommended practice on accounting for insurance business (SORP)

The Association of British Insurers has agreed to develop an industry statement of recommended practice (SORP) on accounting for insurance business. This is intended to apply to all enterprises underwriting insurance business in the United Kingdom but not ... read more >>

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Author:
General Insurance Study Group
Source:
General Insurance Convention 1986

General insurance business: Actuarial reports: NORP 1 (Notes on Recommended Practice)

These Notes on Recommended Practice have been produced to assist actuaries working in the field of general insurance. They are restricted to general points that an actuary should take into account in reporting on reserves or on the financial soundness of ... read more >>

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Author:
General Insurance Study Group
Source:
General Insurance Convention 1986

Working Party on Solvency 1986

This report seeks to establish a framework for considerations of solvency, particularly in so far as they concern the security offered in respect of existing business. In so doing, attention is focussed on accounting principles and methods, and the ... read more >>

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Author:
General Insurance Study Group
Source:
General Insurance Convention 1986

General insurance business: Actuarial reports: NORP 1 (Notes on Recommended Practice)

These Notes on Recommended Practice have been produced to assist actuaries working in the field of general insurance. They are restricted to general points that an actuary should take into account in reporting on reserves or on the financial soundness ... read more >>

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Author:
General Insurance Study Group
Source:
General Insurance Convention 1986

Proportional treaties

This memorandum has been drafted to explain the considerations that must be taken into account when an Underwriter is presented with a Slip drafted to cover inwards reinsurance written by way of a Proportional Treaty and is asked to accept a line on the ... read more >>

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Author:
Chris D Daykin; Geoffrey D Bernstein; Stewart M Coutts; E R F Devitt; G Brian Hey; David I W Reynolds; P D Smith
Source:
General Insurance Convention 1986

Assessing the solvency and financial strength of a general insurance company. Report of Solvency Working Party

A first report was presented to the Bristol Seminar in November 1983 and this led to a paper being presented to a sessional meeting of the Institute in February 1984. The Working Party was then reconstituted with its current membership and work began in ... read more >>

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Author:
General Insurance Study Group
Source:
General Insurance Convention 1986

The effect of the US legal environment on casualty insurance business

It soon becomes apparent to a new entrant to an underwriting organisation writing US casualty insurance business in the London market that the business is significantly different from the liability insurance traditionally written in the UK domestic market. ... read more >>