Document library
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- Author:
- Frank Guaschi
- Source:
- General Insurance Convention 1987
Excess of loss premium rating
The purpose of this note is to demonstrate the part which actuaries can play in assisting underwriters to rate excess of loss business. I stress the word "assist" because it is important that we do not see ourselves as in any way replacing underwriters. ... read more >>
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- Author:
- E R F Devitt
- Source:
- General Insurance Convention 1987
Financial economics and the theory of solvency
The first International Conference on Insurance Solvency was held in June 1986 in Philadelphia, U.S.A. At this Conference, the Solvency Working Party presented a paper which reported their work to date. The Conference was also attended by a collection of ... read more >>
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- Author:
- Geoffrey D Bernstein
- Source:
- General Insurance Convention 1987
Fundamental principles of modern portfolio theory and option pricing
The starting point for modern portfolio theory is the efficient market hypothesis. This comes in three forms but it can be summarized simply in the statement that it is extremely difficult for the ordinary investor to make money from trading in shares. ... read more >>
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- Author:
- Solvency Working Party
- Source:
- General Insurance Convention 1987
Report of the Solvency Working Party
The material which we are presenting consists of two complementary papers, by Russell Devitt on "Financial Economics and the Theory of Solvency" and Geoffrey Bernstein on "Fundamental Principles of Modern Portfolio Theory and Option Pricing". It is hoped ... read more >>
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- Author:
- Gary F Chamberlin
- Source:
- General Insurance Convention 1987
Claims reserving manual - Draft contents and specimen pages
Progress with the Manual has, regrettably, been slower than hoped. To produce a fully satisfactory work has proved a larger task than at first envisaged. But momentum has been regained, and publication in mid-1988 is now confidently expected. CLAIMS ... read more >>
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- Author:
- William M Abbott
- Source:
- General Insurance Convention 1987
Discounting in general insurance
The objective is not to consider the logic, merit or wisdom of discounting technical reserves in general insurance. The starting point is the assumption that if it were to be decided that provisions should be discounted, then there would be practical ... read more >>
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- Author:
- Samuel P L Kennedy
- Source:
- General Insurance Convention 1987
Overseas developments
The Centre for Insurance and Investment Studies at the City University Business School continues to develop its monitoring of publications related to insurance. Abstracts of appropriate publications are compiled and placed on the Register of Insurance ... read more >>
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- Author:
- David M Hart (ed)
- Source:
- General Insurance Convention 1987
Lloyd's and the London Market (contents and specimen chapters)
The object of this monograph is to extend the general insurance element of the actuarial examination course into the area of the London market, primarily for the use of candidates studying the general insurance subject at the specialist level. It is, ... read more >>
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- Author:
- Colin J W Czapiewski
- Source:
- General Insurance Convention 1987
Practical pricing: London Market
The attached is an early draft for chapter 5 of the London Market monograph. It is anticipated that substantial alterations will be necessary before a suitable form is attained.The aim, rightly or wrongly, is to emphasise the practical nature of London ... read more >>
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- Author:
- General Insurance Board
GN12: General insurance business: actuarial reports. Version 1.0
This general insurance Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. Faculty and ... read more >>