Document library
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- Source:
- ournal of the Institute of Actuaries [JIA] (1993) 120: 215-217
A European profession - the actuary and insurance after 1992. 5th Colloquium - Groupe Consultatif, 30 October 1992
J.I.A. 120,1,215–217 A EUROPEAN PROFESSION– THE ACTUARY AND INSURANCE AFTER 1992 5TH COLLOQUIUM–GROUPE CONSULTATIF, 30 OCTOBER 1992 The 5th Colloquium of the Groupe Consultatif was held at Staple Inn Hall on 30 October 1992. It was attended by some ... read more >>
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- Author:
- Andrew K Thomson; Michael J Brockman; John M Charles; James Dean; Shailesh A Malde; David E A Sanders; Gary G Wells
- Source:
- General Insurance Convention 1992
Captives
This paper looks at captives from a U.K. perspective. It is now common for major companies to have a captive insurance subsidiary and further expansion of the captives’ activities are anticipated in the next few years. Section 2 considers: What Is a ... read more >>
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- Author:
- Graham A Masters\; Philip Archer-Lock\; Anthony Kent\; Sean M O'Ceallaigh\;
- Source:
- General Insurance Convention 1992
Extended Warranty Working Party [report]
The most recent paper on Extended Warranty Insurance was that presented by John Taylor to the then student's society in January 1985. This paper looks at the changes since then. As there has not been any significant changes in the product offered, we have ... read more >>
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- Author:
- Richard J Field; Michael W Lomax
- Source:
- General Insurance Convention 1992
Shareholder value analysis
Insurance is not risky - Reinsurance is a waste of money - Dividends are there to be cut - Capital allocation is irrelevant - Your performance measures are meaningless - You can make money out of the cycle. If you find any of these statements surprising, ... read more >>
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- Author:
- Peter N Downing
- Source:
- General Insurance Convention 1992
Assets and matching workshop
ASSETS AND MATCHING WORKSHOP General Issues for Discussion: Which Liabilities do we wish to Match? Shareholders' liabilities General Insurance liabilities Shareholders Funds: Currency Requirements: Statutory Solvency Margin General Insurance ... read more >>
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- Author:
- Peter H Hinton; Sean M O'Ceallaigh; Carol A Buchanan
- Source:
- General Insurance Convention 1992
Claims run-off patterns update
The run-off patterns shown in the accompanying tables all relate to claim payments for direct insurance (and facultative reinsurance) business, before allowing for reinsurance recoveries and accounted for on a one year basis. Four sets of tables are shown ... read more >>
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- Author:
- David H Craighead
- Source:
- General Insurance Convention 1992
Reserving for catastrophe reinsurance
Recent years have seen the impact of a large number of catastrophes, not only on the London catastrophe market but on most general insurance offices. The paper starts off from the assertions that a) the development pattern of the loss advices of each ... read more >>
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- Author:
- Peter J Akers; T Paul Delbridge; Derek Fuller; Julian C T Leigh; Graham A Masters; Anthony H Silverman
- Source:
- General Insurance Convention 1992
Mortgage indemnity guarantee. Report of the Pecuniary Loss Working Party
This paper describes the recent work of the Pecuniary Loss Working Party (PLWP). Section 2 provides the context for the recent work and describes the decision to concentrate on Mortgage Indemnity Guarantee (MIG). Section 3 contains descriptions of recent ... read more >>
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- Author:
- Working Party on Claims Equalisation
- Source:
- General Insurance Convention 1992
Equalisation reserves on a European basis
This paper reports on the systems of claims equalisation, both statutory and voluntary in most of the European Community and Scandinavian countries. Case studies of the systems in Finland, Germany and Denmark are presented. The attitude of the industry ... read more >>
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- Author:
- Graham A Masters\; Philip Archer-Lock\; Anthony Kent\; Sean M O'Ceallaigh\;
- Source:
- General Insurance Convention 1992
Extended Warranty Working Party [report]
The most recent paper on Extended Warranty Insurance was that presented by John Taylor to the then student's society in January 1985. This paper looks at the changes since then. As there has not been any significant changes in the product offered, we have ... read more >>
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- Author:
- Ron Akhurst; David O'Connor; George Orros; Alastair Shore; Michael Tripp
- Source:
- General Insurance Convention 1992
European Working Party (report 1991-92)
SESSION B GENERAL INSURANCE CONVENTION 1991 LLANDRINDOD WELLS 23-26 OCTOBER EUROPE 1991 General Insurance Convention GENERAL INSURANCE STUDY GROUP Report of the Working Party on Europe October 1991 Members W.M. Abbott P.J. Akers R.B. Akhurst B.R.P. ... read more >>
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- Author:
- Stavros Christofides; Caroline Barlow; Nicholas Michaelides; Constantinos Miranthis
- Source:
- General Insurance Convention 1992
Storm rating in the nineties
This paper is based primarily on a report on "Storm Severity over Britain" written for Commercial Union by Dr J.P. Palutikof and A.R. Skellern [11] of the Climatic Research Unit of the School of Environmental Sciences of the University of East Anglia. ... read more >>
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- Author:
- General Insurance Study Group
- Source:
- General Insurance Convention 1992
Some thoughts on the estimation of pollution claims (draft)
The general insurance actuary may be required to estimate the future liabilities for latent claims arising from the portfolio of an insurance or reinsurance company or a Lloyd's syndicate. This may be as part of a normal reserve valuation or as an ... read more >>
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- Source:
- General Insurance Convention 1992
Lloyd's syndicates - guidance for reserving: Taskforce recommendation 33
LLOYD'S SYNDICATES - GUIDANCE FOR RESERVING: TASKFORCE RECOMMENDATION 33 The draft guidelines which accompany the correspondence which follows are included in this booklet so that they may be discussed at the General Insurance Convention. 241 Insurance ... read more >>
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- Author:
- Ron B Akhurst; David K O'Connor; George C Orros; Alastair C Shore; Michael H Tripp
- Source:
- General Insurance Convention 1992
European Working Party
Summary of issues for presentation at the General Insurance Convention Bournemouth 1992 EUROPEAN WORKING PARTY SUMMARY OF ISSUES FOR PRESENTATION AT GENERAL INSURANCE CONVENTION BOURNEMOUTH 1992 R Akhurst D O'Connor G C Orros A Shore M H Tripp Insurance ... read more >>
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- Author:
- Richard C Wilkinson
- Source:
- General Insurance Convention 1992
Financial reinsurance
Natural catastrophes and prior year claims development have had a profound effect recently on market results within the UK. Alternative solutions have been sought to conventional reinsurance, with "time and distance" policies being the first instance of ... read more >>
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- Author:
- David I Tomlinson; Colin J W Czapiewski
- Source:
- General Insurance Convention 1992
Taxation, reserving and actuaries
This paper is the product of a difference of opinion between the two authors during the discussion of a paper on Financial Reinsurance at the GISG convention at Llandrindod Wells in October 1991. Further discussion showed that the differences were mainly ... read more >>
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- Author:
- Bryan Joseph; Fred Duncan
- Source:
- General Insurance Convention 1992
APL
[summary only] APL Bryan Joseph Fred Duncan 129 Insurance Convention 1992 General This Workshop explores the use of APL in non-life actuarial work: • It provides an introduction to the language; • a demonstration of some sample code; and • a ... read more >>
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- Author:
- Household Insurance Working Party; Mark Trayhorn (Chairman)
- Source:
- General Insurance Convention 1992
Household rating 1992
In contrast to the heavily analysed motor account the risk factors underlying household insurance have in the past attracted little attention and rating was on a simplistic basis. The losses arising from storm and particularly subsidence have led to ... read more >>
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- Author:
- John McCutcheon; Peter J Shelley
- Source:
- Journal of the Institute of Actuaries [JIA] (1992) 119: 569-580
Recent developments in the United Kingdom. National report for the United Kingdom to the 24th International Congress of Actuaries, Montreal, 31 May - 5 June 1992
J.I.A. 119, III, 569-580 RECENT DEVELOPMENTS IN THE UNITED KINGDOM NATIONAL REPORT FOR THE UNITED KINGDOM TO THE 24TH INTERNATIONAL CONGRESS OF ACTUARIES, MONTREAL, 31 MAY-5 JUNE 1992 BY J. J. McCUTCHEON, M.A., Ph.D., D.Sc., F.F.A. AND P. J. ... read more >>