Document library
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- Author:
- N D Hooker; J R Bulmer; S M Cooper; P A G Green; P H Hinton
- Source:
- British Actuarial Journal [BAJ] (1996) 2(2): 265–323
Risk-based capital in general insurance
This paper looks at the problems of assessing, for solvency purposes, the capital requirements of a non-life insurer in the context of the United Kingdom. It considers how these capital requirements might vary according to the different risks to which ... read more >>
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- Author:
- Simon J Brickman; Budhiraj Singh
- Source:
- General Insurance Convention 1995
Actuarial support for claims assessment: Should actuaries talk to claims managers? [summary only]
The main purpose of our workshop is to demonstrate that actuaries in General Insurance have a much wider role to play than the traditional ones of Rating, Reserving and Reporting. We believe that the actuary should work closely with the claims manager both ... read more >>
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- Author:
- Patrick S Carroll
- Source:
- General Insurance Convention 1995
Time series in general insurance [summary only]
Time Series in General Insurance Workshop tobe given byPatrick Carroll 1 Background and Rationale Whereas much actuarial work in the UK in General Insurance has oncentrated on Claims Reserving a dClaims Analysis that uses Linear Model and ... read more >>
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- Author:
- Christian R Larsen
- Source:
- General Insurance Convention 1995
The bootstrap method and some reserving applications
It is concluded that if the individual claim data are available the Bootstrap is an effective method to calculate approximations to the uncertainty distributions of claims reserves. Only distribution assumptions regarding the claim frequency are required. ... read more >>
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- Author:
- Patrick S Carroll
- Source:
- General Insurance Convention 1995
Personal injury compensation [summary only]
PERSONAL INJURY COMPENSATION Discussion paper for workshop at the General Insurance Convention in Bournemouth 16-21 October 1995 Patrick Carroll 1. Focus of Workshop. Whereas actuarial valuations are now widely recognised in British Courts as being ... read more >>
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- Author:
- Kendra Felisky-Watson; Timothy P Mardon; David A Slater
- Source:
- General Insurance Convention 1995
Rating agencies
This workshop paper is aimed at providing background information for a workshop presentation at the GISG 1995 convention. More practical examples will be given at the convention, whilst this paper describes in overview what the Rating Agencies do and how ... read more >>
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- Author:
- Clive G Bolton; Andrew D Button; Timothy D Varter; Kenneth A Leitch; Craig T Pettengell; Helen R Pitt; Philip D C Webb
- Source:
- General Insurance Convention 1995
Household insurance
This paper describes the work of the Household Insurance Working Party in 1995. As in 1994 the analysis has concentrated on the subsidence and flood risks. The paper has been divided into three main topics 1) Tracking the variance in buildings rates for ... read more >>
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- Author:
- Brian Gedalla; Simon C Kneller; Edward J Levay; David Skurnick
- Source:
- General Insurance Convention 1995
Designing ad-hoc management reporting systems
As the title implies this paper aims to give an Actuarial viewpoint on the factors that may be considered in designing a Management Information system. This is an area that would traditionally be viewed as outside the realms of an Actuary, buthere is no ... read more >>
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- Author:
- John M Taylor
- Source:
- General Insurance Convention 1995
Update of the Claims Reserving Manual
UPDATE OF THE CLAIMS RESERVING MANUAL WORKING PARTY MEMBERS John Taylor (chairman) Simon Brickman Andrew English Julian Lowe Graham Lyons Jonathan Orbell Harry Reid Hervé Vignalou JULY 1995 389 Insurance Convention 1995 General Update of the Claims ... read more >>
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- Author:
- Antony W Hartington; Jonathan M Piper; Stephen N Townsend
- Source:
- General Insurance Convention 1995
Managing a business in run-off
The run-off industry is large. It has grown as a consequence of well publicised losses arising from, for example, asbestos, pollution and catastrophe exposures. The main types of run-off portfolio relate to Companies, Lloyd's syndicates and Agencies / ... read more >>
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- Author:
- Andrew N Hitchcox
- Source:
- General Insurance Convention 1995
Capital, profit and risk [slides]
CAPITAL. PROFIT AND RISK . a case study in the practical application of Risk-Based Capital . setting profit margins . analysing underwriting contribution Andrew Hitchcox, November 1995 277 by Insurance Convention 1995 General CAPITAL, PROFIT AND ... read more >>
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- Author:
- David E A Sanders; Patrick F Grealy; Andrew N Hitchcox; Torbjorn Magnusson; Ravi Manjrekar; J Ross; Stuart M Shepley; Leslie F Waters
- Source:
- General Insurance Convention 1995
Pricing in the London Market
The paper is split into 2 primary sections. The purpose of these sections is to give a good but broad view of the techniques. Examples are included in each of the sections and are augmented by further examples in Appendix 3. A summary bibliography is ... read more >>
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- Author:
- Mark H J Azzopardi; David H Craighead; Patrick S Carroll
- Source:
- General Insurance Convention 1995
Exposure to risk in the London Market
The aim of this discussion paper is to attempt to follow the way in which risk is assessed at various stages in the insurance process. The thread is as follows. Data is presented to an underwriter. Risk is assessed by the underwriter and the business may ... read more >>
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- Author:
- John P Ryan; J Richard Bulmer; Patrick Byrne; Stewart M Coutts; Julian A Lowe; Gary G Wells
- Source:
- General Insurance Convention 1995
Stochastic asset liability modelling
Notwithstanding the title of the Working Party, it was felt that work in this area as far as actuaries are concerned should not be confined to stochastic modelling. There were not an insignificant number of cases or even possibly majority where a ... read more >>
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- Author:
- M Dean Dwonczyk; David E A Sanders; Geraldine D Kaye
- Source:
- General Insurance Convention 1995
Insurance as a capital project
Actuarial techniques coupled with the "big picture" knowledge base of actuaries make the actuary extremely well placed to add value when it comes to appraising capital projects.Ordinarily when the words "insurance" and "capital projects" are used together, ... read more >>
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- Author:
- Victoria J Hughes; Graham E Lyons; Kathryn A Morgan
- Source:
- General Insurance Convention 1995
Aviation
This paper is intended as a basis for a workshop session at the conference and as such is brief. An outline of the market is given with descriptions of the main classes of business and outwards reinsurance. Some references are given for further reading and ... read more >>
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- Author:
- Andrew D Smith
- Source:
- General Insurance Convention 1995
Stochastic asset models
Asset return scenarios are a vital ingredient to any model of an insurance enterprise. The workshop will present and contrast various approaches which have been tried for generating stochastic economic scenarios. We consider models within various classes. ... read more >>
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- Author:
- John P Ryan\; J Richard Bulmer\; Patrick Byrne\; Stewart M Coutts\; Julian A Lowe\; Gary G Wells
- Source:
- General Insurance Convention 1995
Stochastic asset liability modelling
Notwithstanding the title of the Working Party, it was felt that work in this area as far as actuaries are concerned should not be confined to stochastic modelling. There were not an insignificant number of cases or even possibly majority where a ... read more >>
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- Author:
- David E A Sanders; Geraldine D Kaye; Constantinos Miranthis; Craig T Pettengell
- Source:
- General Insurance Convention 1995
The use of derivatives in general insurance
A general insurance company both accepts risks and manages them. It does this in ways generally not available to an insured and attempts to produce a profit for providing this service. The difference between profit and loss is small, and an insurance ... read more >>
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- Author:
- General Insurance Board
GN20: Actuarial reporting for the purposes of Lloyd's solvency test. Version 2.0
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 >>