Document library
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- Author:
- Peter J Akers; T Paul Delbridge; Paul M Edmonds; Julian C T Leigh; Graham A Masters; Nylesh Shah
- Source:
- General Insurance Convention 1993
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 maintain concentration on Mortgage Indemnity Guarantee (MIG). Section 3 contains descriptions ... read more >>
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- Author:
- John P Ryan; Helen M Murphy; Peter K Clark; Michael W Lomax; Julian A Lowe; Stephen G Rix
- Source:
- General Insurance Convention 1993
Insurance futures
One objective of the Working Party has been to overcome the learning curve that investors face, be they speculator or hedger. We consider the uses of Insurance and futures and options contracts as proxies for reinsurance - futures behave like proportional ... read more >>
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- Author:
- Paul Martin; Kathryn A Morgan; Haidee P E Pickton
- Source:
- General Insurance Convention 1993
Reinsurance Association of America Historical Loss Development Study 1991. Report of the London Market Group of Actuaries Working Party
The Working Party was formed in order to produce a discussion paper that would enhance the London Market Actuaries Group's (LMG's) understanding of the contents and construction of the Study. Much of the contents of this document will repeat issues raised ... read more >>
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- Author:
- Peter H Hinton; Sean M O'Ceallaigh; Carol A Buchanan
- Source:
- General Insurance Convention 1993
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:
- Peter K Clark; Kendra Felisky-Watson; Dewi E James; Timothy P Mardon
- Source:
- General Insurance Convention 1993
US legal system - implications for UK insurers
UK insurers can be exposed to the US legal system in a number of ways - by directly insuring US businesses or US ventures by European companies, or via reinsurance. This workshop paper will attempt to set out the basic structure of the US legal system, ... read more >>
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- Author:
- Ron Akhurst; Andrew Macnair; Kathryn Morgan; Sean O'Ceallaigh; George Orros; Jonathan Piper
- Source:
- General Insurance Convention 1993
Equalisation reserves (1993)
Report of the Equalisation Reserves Working Party Members Ron Akhurst Andrew MacNair Kathryn Morgan (Chairman) Sean O’Ceallaigh George Orros Jonathan Piper 151 1993 General Insurance Convention Government’s Consultation Document In July 1993 ... read more >>
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- Author:
- Michael Brockman; Andrew Button; Stephen Evans; Derek Fuller; Suzanne Hodkinson; Keith Moyle; Graham Ross; Gary Wells
- Source:
- General Insurance Convention 1993
The distribution and sale of UK personal lines general insurance products
It is clear to the Working Party that the distribution of UK personal lines general insurance products is indeed undergoing structural change. Recognition of the forces driving the change should allow general insurance actuaries to make a significant ... read more >>
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- Author:
- C Czapiewski
- Source:
- Journal of the Institute of Actuaries [JIA] (1994) 121: 473-482
General Insurance Study Group, Convention, 27-29 October 1993
J.I.A. 121, II, 473–482 GENERAL INSURANCE STUDY GROUP CONVENTION, 27–29 OCTOBER 1993 The 1993 Convention o f the General Insurance Study Group (GISG) w a s held from Wednesday 27 October to Friday 29 October a t the Hinckley Island Hotel ... read more >>
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- Author:
- Members of the Household Working Party; Andrew D Button (Chairman)
- Source:
- General Insurance Convention 1993
Household rating 1993
The work of the Household Rating Working Party (HRWP) for 1993 has concentrated on three main areas. Two of these are continuations of the work of the previous HRWP presented at GISG 1992, namely a market overview and analysis of the British Geological ... read more >>
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- Author:
- Simon J Brickman; Caroline Barlow; Anthony W Boulter; Andrew B English; Lloyd R Furber; David C B Ibeson; Julian A Lowe; Richard Pater; David I Tomlinson
- Source:
- General Insurance Convention 1993
Variance in claim reserving
This paper is educational. There has been considerable development of statistical techniques for predicting claim payments over recent years, which has yet to be assimilated by the profession and put into practice by practitioners. We want to spread the ... read more >>
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- Author:
- Colin J W Czapiewski; Philip Archer-Lock; Peter K Clark; Catherine Cresswell; David J Hindley; Stuart M Shepley
- Source:
- General Insurance Convention 1993
Reserving for outwards reinsurance. [XL reinsurance reserving]
Of all the areas of non-life insurance, probably the one that is worst understood by practitioners (including actuaries) is reinsurance. Despite the progress made by actuaries in the last 20 years, no paper has been written that explains how we should ... read more >>
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- Author:
- Caroline Barlow; Roger P Nye; Martin G White; Helen L Wincote
- Source:
- General Insurance Convention 1993
Prudential margins
Anyone reading this paper to discover what margin on reserves would be prudent is going to be disappointed. There is no 'correct' answer to this question and we do not presume to offer one. The prime purpose is to discuss the philosophical issues and so to ... read more >>
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- Author:
- Richard Bulmer; Francis Chacko; James Dean; Andrew Macnair; Ravi Manjrekar; Nicholas Michaelides; Peter Rains
- Source:
- General Insurance Convention 1993
Dynamic corporate management - maintaining solvency over time
If we consider the personality profile of a typical insurance company manager, (s)he is likely to be task oriented, with a short-term perspective and a tendency to be pragmatic. Over-anxious to find solutions, (s)he will make decisions before understanding ... read more >>
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- Author:
- Sanders, David E A; Boulton, Roger J; Jones, Stephen Michael; Shepley, Stuart M
- Source:
- General Insurance Convention 1993
UK environmental pollution
The number of potentially contaminated sites in the UK is estimated at between 50,000 and 100,000, with area estimates of between 50,000 and 120,000 acres. If these sites were to be cleaned up, the maximum estimated cost is of the order of £30 billion, ... read more >>
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- Author:
- Arterton, Alex J; Dean, J W; Michaelides, Nicholas; Silverman, Anthony H; Vince, A R
- Source:
- General Insurance Convention 1993
What ratios really matter
What ratios really matter? Well it depends who is using them!This was one conclusion the working party rapidly came to. It allowed us to develop a framework as to who would use ratios and to what end. With this in mind we defined the principal users as ... read more >>