Document library
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- Author:
- General Insurance Board
GN 18: Actuarial reporting for UK general insurance companies writing US regulated business. 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>. MAP/GN18 V2.0 ... read more >>
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- Author:
- General Insurance Board
- Source:
- Advisory note
Advisory note on Lloyd's US opinions
This note has been issued by the General Insurance Board to supplement the Guidance Note on Lloyd's US Opinions (GN33). It supercedes the Advisory Note issued in December 1998. Since GN33 was first issued in December 1997 there have been a number of ... read more >>
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- Author:
- General Insurance Board
- Source:
- Attachment to the Advisory Note with supplements GN33
Lloyd's US Situs Trust Funds: Notes on modified UK basis agreed with the New York Insurance Department (NYID)
This note forms part of the Advisory Note which supplements GN33. It describes the 'modified UK basis' agreed with the New York Insurance Department and includes in the Appendix a diagram explaining the requirements for different opinions. 1 Lloyd’s US ... read more >>
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- Author:
- Andrew Newman (Chairman)
- Source:
- Advisory note
Unallocated loss adjustment expense provisions
Lloyd's syndicates are required to obtain annual Statements of Actuarial Opinion ('SAOs') in respect of their solvency reserves. Provisions for unallocated loss adjustment expenses are included in the reserves covered by certain of these SAOs - namely the ... read more >>
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- Author:
- M Cumberworth; A N Hitchcox; W D McConnell; A D Smith
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- Sessional Meeting paper
Corporate decisions in general insurance: 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:
- General Insurance Board
GN20: Actuarial reporting under the Lloyd's Valuation of Liabilities Rules. Version 5.0
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>. MAP/GN20 V5.0 ... read more >>
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GN33: Actuarial reporting for Lloyd's syndicates writing US business. 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>. MAP/GN33 V2.0 ... read more >>
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- Author:
- Motor Postcode Zoning Working Party; Dave Coughlan (Chairman)
- Source:
- General Insurance Convention 1999
Motor postcode zoning (slides)
Motor Postcode Zoning Working Party Duncan Anderson Roger Massey Saideh Charlton Chris Spiller Dave Coughlan (Chair) Kim Pape Mark Harrison James Tanser Stephen Jones Richhard Verrall Aims Understand market Data availability Possible approach ... read more >>
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- Author:
- Thomas Mack
- Source:
- General Insurance Convention 1999
Chainladder and Bornhuetter/Ferguson - some practical aspects (slides)
Chain Ladder and Bornhuetter/Ferguson – Some Practical Aspects by Thomas Mack, Munich Re Consider one single accident year Paid claims after k years of development Expected cumulative payout pattern p1, p2, ..., pk,..., pn = 1 e.g. 10%, 30%, ... read more >>
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- Author:
- Fernanda Pereira
- Source:
- General Insurance Convention 1999
Practical 'modern' Bayesian statistics in actuarial science [Submitted for the Brian Hey Prize]
The aim of this paper is to convince actuaries that Bayesian statistics could be useful for solving practical problems. This affirmation is due to two main characteristics of Bayesian modelling not yet fully explored by practitioner actuaries: first, the ... read more >>
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- Author:
- Duncan Anderson; Saideh Charlton; David P R Coughlan; Mark Harrison; Stephen Jones; Roger Massey; Chris Spiller; Kim E Pape; James W Tanser; Richard J Verrall
- Source:
- General Insurance Convention 1999
Vehicle postcode zoning in personal lines rating
This paper examines the methods and information that can be used to group individual postcodes in to rating areas for pricing. We have tried to highlight where companies can obtain additional useful information to help them in this exercise and have set ... read more >>
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- Author:
- Stephen R Walker
- Source:
- General Insurance Convention 1999
Integration of insurance and capital market products [slides]
Integration of Insurance & Capital Market Products Stephen Walker 107 Insurance Convention 1999 General 109 110 111 112 113 114 115 116 117 118 ... read more >>
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- Author:
- Andrzej Czernuszewickz; Dimitris Papachristou
- Source:
- General Insurance Convention 1999
Correlation and dependency structures (slides)
Why are we interested in correlation/dependency? How does dependency arise in the insurance world? Items to be covered: Simulations of correlated variables; Problems with the traditional approach; Copulas Correlation & Dependency Structures GIRO - ... read more >>
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- Author:
- Kevin Armstrong
- Source:
- General Insurance Convention 1999
Comparison of syllabuses - Faculty and Institute of Actuaries and Casualty Actuarial Society
COMPARISON OF SYLLABUSES - FACULTY AND INSTITUTE OF ACTUARIES AND CASUALTY ACTUARIAL SOCIETY KEVIN ARMSTRONG The following document is the text of a paper prepared for the Faculty and Institute/CAS Joint Seminar which took place on 18 June 1999 at Staple ... read more >>
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- Author:
- Stephen R Walker; Graham Fulcher; Peter A G Green; Elizabeth A Jones; Grant H Maxwell; Jeffery E Sayers; Anup Seth; Anthony H Silverman; Tony Tudor
- Source:
- General Insurance Convention 1999
ART [alternative risk transfer] and insurance derivatives
In 1997 and 1998, papers on Securitisation were produced for GISG. These papers provided a background to Insurance Securitisation, a process allowing capital market investors to begin to enter a market traditionally the preserve of the larger reinsurers. ... read more >>
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- Author:
- Kevin Armstrong
- Source:
- General Insurance Convention 1999
Everything you always wanted to know about the 100 Series exams
[slides] Everything You Always Wanted to Know About the 100 Series Exams Kevin Armstrong 85 Insurance Convention 1999 General 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 ... read more >>
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- Author:
- Lis Gibson
- Source:
- General Insurance Convention 1999
How to buy an insurance or reinsurance company
[summary] How To Buy an Insurance or Reinsurance Company Lis Gibson 103 Insurance Convention 1999 General How To Buy an Insurance or Reinsurance Company Why Buy? • New entrant to the sector • Expand presence • Better than organic growth?? Which one? • ... read more >>
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- Author:
- Keith M Taylor
- Source:
- General Insurance Convention 1999
Mortgage payment protection insurance
[summary] Mortgage Payment Protection Insurance Keith Taylor 119 Insurance Convention 1999 General MORTGAGE PAYMENT PROTECTION INSURANCE Keith Taylor Many insurers have relaunched this product following an initiative in collaboration with the government, ... read more >>
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- Author:
- Stephen Michael Jones; Grant R J Mitchell
- Source:
- General Insurance Convention 1999
Pricing for bodily injury claims within a UK private motor account
[summary] Pricing for Bodily Injury Claims Within a UK Private Motor Account Stephen Jones & Grant Mitchell 129 Insurance Convention 1999 General Pricing for Bodily Injury Claims Within a UK Private Motor Account A spate of recent legislative changes ... read more >>
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- Author:
- Jim Ryan; Mike Falcone
- Source:
- General Insurance Convention 1999
The Woolf reforms
[summary] The Woolf Reforms Jim Ryan & Mike Falcone 133 Insurance Convention 1999 General The Woolf Reforms Jim Ryan Mike Falcone 135 Agenda • Overview • Objectives • Three Track System • Shortened Timescales • Implications for Insurers • Update on ... read more >>