Document library
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- Author:
- D E A Sanders; A N Hitchcox; R Manjrekar
- Source:
- British Actuarial Journal [BAJ] (1998) 4(3): 427-483
Aspects of pricing in the London Market
Actuaries have become increasingly involved in general insurance and in particular in the London Market. This paper examines the management of the pricing process in the context of the London Market, and deals with concepts such as profit testing, risk ... read more >>
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GN32: Actuaries and friendly societies: general insurance business. Version 1.0
This general insurance Guidance Note was deleted 01.02.06 Faculty and Institute of Actuaries Guidance note GN32 v1.0. (31.12.1997) GN32: Actuaries and Friendly Societies: General Insurance Business Classification Practice Standard Legislation or ... read more >>
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GN33: Actuarial reporting for Lloyd's syndicates writing US business. 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 >>
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- Author:
- General Insurance Board
GN20: Actuarial reporting under the Lloyd's Valuation of Liabilities Rules. Version 4.0
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 >>
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- Author:
- Trefor Bedeman; Mark Rothwell
- Source:
- General Insurance Convention 1997
Data mining concepts and practical research [summary only]
DATA MINING CONCEPTS AND PRACTICAL RESEARCH This workshop will look at this currently fashionable topic from both a theoretical viewpoint and also report some of the practical issues involved in research in an insurance context. What is data mining? ... read more >>
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- Author:
- Bryan R P Joseph; Esmee J A Robinson
- Source:
- General Insurance Convention 1997
Commutations - a practical guide
A commutation is a commercial agreement between an insurer and its insureds. It is not an actuarial calculation, although actuaries are, or should be, involved at most stages of the calculations and negotiation. This paper is meant to address commutation ... read more >>
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- Author:
- Andrew N Hitchcox
- Source:
- General Insurance Convention 1997
Reinsurance treaty pricing [slides]
REINSURANCE TREATY PRICING Andrew Hitchcox 101 Insurance Convention 1997 General 102 103 104 105 CAT X.L. TREATY : PROFIT LOADING. In principle : stochastic A.L.M. at individual treatv level. 300 treaties : May 1997 • Japan EQ • Japan WS ... read more >>
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- Author:
- David Davies
- Source:
- General Insurance Convention 1997
Mortgage indemnity guarantee [summary only]
Mortgage Indemnity Guarantee David Davies 15 -18 October 1997 69 Insurance Convention 1997 General Objectives The objectives of this workshop are to examine the recent history of mortgage risk insurance, to discuss the current forms of risk ... read more >>
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- Author:
- Antony W Hartington; Mike Falcone; William J K Mulcahy; Janet E Skinner; Steven Fisher; Jeffery E Sayers; Leslie F Waters
- Source:
- General Insurance Convention 1997
Catastrophe Modelling Working Party
This paper consist of three sections: A Short Introduction – which discusses the role Catastrophes have played recently and some of the reasons they can be expected to continue to cause severe human and economic dislocation. A Review of Scientific Issues ... read more >>
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- Author:
- Nicholas Michaelides; Peter R Brown; Francis X Chacko; Mark C Graham; Jeremy W Haynes; David J Hindley; Sheree K Howard; Henry Johnson; Kathryn A Morgan; Craig T Pettengell; Richard A Rodriguez; David S Simmons
- Source:
- General Insurance Convention 1997
The premium rating of commercial risks
The purpose of this paper is to provide accessible, comprehensive and action provoking material for general insurance actuaries. This should provide guidance on how to approach commercial insurance pricing and help to develop skills in this area. It is the ... read more >>
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- Author:
- Amer Ahmed; Richard Bulmer; Peter K Clark; Jonathan A Collins; Graham Fulcher; Maurizio Luladi; Esmee J A Robinson; Jeffery E Sayers; Alan C Spence; Stephen R Walker
- Source:
- General Insurance Convention 1997
The securitisation of insurance risk
In 1992 the Chicago Board of Trade launched a series of insurance futures and options contracts. These are based on indices linked to the incidence of natural catastrophes in specified regions of the USA. At the time, this was hailed as a major and ... read more >>
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- Author:
- Paul Bennett; Peter K Clark; David P P Coughlan; Colin J W Czapiewski; Andrzej J Czernuszewicz; David M Hart; Andrew Hubbard; Peter D Johnson; Elizabeth A Jones; Bryan R P Joseph; John P Ryan; Simon H Sheaf
- Source:
- General Insurance Convention 1997
Statutory Reserve Reports and Opinions Working Party report
This year, much more effort has been concentrated on what needs to be done and associated professional issues. Clearly, normal Institute standards apply but included in the attached paper is a detailed description of accounting procedures. This is of ... read more >>
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- Author:
- Richard H Bland; Timothy D Carter; David P P Coughlan; Richard Kelsey; Duncan Anderson; Susan M Cooper; Stephen Michael Jones
- Source:
- General Insurance Convention 1997
Customer selection and retention
This paper is a look at the relations between personal lines insurance companies and their customers. The paper covers all personal lines to some extent but highlights motor insurance as the most widespread and well understood personal lines product. The ... read more >>
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- Author:
- Martin Cumberworth; Andrew N Hitchcox; William D McConnell; Andrew D Smith
- Source:
- General Insurance Convention 1997
Corporate decisions: beyond the frontier
This paper shows how the powerful and flexible tool of stochastic modelling can be applied to a range of business decisions extending far beyond the asset allocation solutions that are common to many ALM studies. The example used to demonstrate these ... read more >>
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- Author:
- Jean-Bernard Crozet; Viviane Horel; Stephen Michael Jones; Elizabeth E Michael; Richard D Winter
- Source:
- General Insurance Convention 1997
Household Business Working Party report
This paper describes various aspects of the UK household insurance market during 1997 and some of the actuarial considerations arising therefrom. Its purpose is mainly documentary and as such it should not contain too much material that is unfamiliar to an ... read more >>
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- Author:
- Derek Fuller; Kathryn A Morgan
- Source:
- General Insurance Convention 1997
Expense allocation for premium rating [summary only]
Expense allocation for premium rating Presented by Derek Fuller and Kathryn Morgan The workshop will cover the following points: • Why bother allocating expenses at all? • How can past expenses be used as a basis for assessing future xpenses? • Why ... read more >>
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- Source:
- General Insurance Convention 1997
Future actuarial developments in household insurance [summary only]
Future Actuarial Developments in Household Insurance The intention of this workshop is to gain the views of those attending as to what the key issues actuaries working in the UK Household business are going to have to face over the next few years. ... read more >>
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- Author:
- Peter D England; Chika Aghadiuno
- Source:
- General Insurance Convention 1997
An update on stochastic reserving methods and associated measures of reserve variability [summary only]
An Update on Stochastic Reserving Methods and Associated Measures of Reserve Variability Workshop Outline Peter England Chika Aghadiuno 81 Insurance Convention 1997 General In recent years a number of papers have been dedicated to the search for ... read more >>
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- Author:
- Graham J Warren
- Source:
- General Insurance Convention 1997
An investment analyst values a European insurance company [summary only]
An Investment Analyst Values A European Insurance Company Graham Warren Our approach to valuing a European insurance company is in four stages: 1. We adjust published balance sheets onto as realistic and consistent basis as possible. For life ... read more >>
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- Source:
- General Insurance Convention 1997
Europe - the changing markets [summary only]
GENERAL INSURANCE CONVENTION Workshop Sessions: 16 - 17 October 1997 Europe - the changing markets The intention is that participants in these workshops come prepared to discuss their own experiences and perceptions of the changing European markets. ... read more >>