Document library
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Scottish Independence: some questions from the Institute and Faculty of Actuaries
Scottish Independence: some questions from the Institute and Faculty of Actuaries This document sets out questions from the Institute and Faculty of Actuaries on the subject of the referendum on Scottish Independence to be held in September 2014. ... read more >>
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- Author:
- Ji Yeo
- Source:
- GIRO40
A Report from GIRO Advanced Pricing Techniques (APT) Working Party
This paper examines in details six overlooked facts of using generalized linear models (GLMs) for non-life pricing and discusses whether the use of GLMs is still fit for purpose in a competitive market. The six facts of GLMs discussed are 1. Either zero or ... read more >>
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- Author:
- Marion Gremillet, Pierre Miehé and José Luis Vilar Zanón
- Source:
- GIRO40
Reversible Jump Markov Chain Monte Carlo method
Calculating deterministic reserves is no longer sufficient in our times of enhanced Risk Management. Today, Insurers strive to have a complete view of the risk underlying reserves valuation: therefore stochastic projection methods become central to today’s ... read more >>
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- Author:
- Joseph Lo and Corina Constantinescu
- Source:
- GIRO40
Ruin Theory Starter Kit #1
The aim of the paper is to provide general insurance actuaries a starting point for evaluating and engaging with ruin theory in a practical manner. Towards this goal, the paper undertakes three tasks. First, it sets out the basic mathematical principles ... read more >>
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- Author:
- Solvency II Technical Provisions Working Party
- Source:
- GIRO40
Solvency II Technical Provisions for General Insurers
Solvency II Technical Provisions for General Insurers by the Institute & Faculty of Actuaries General Insurance Reserving Oversight Committee’s Working Party on Solvency II Technical Provisions: Susan Dreksler (Chair), Christopher Allen, ... read more >>
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- Author:
- Mark Sansom; Martin McElwee
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- Practical guidance for volunteers - on issues relating to competition law
Practical guidance for volunteers - on issues relating to competition law
Freshfields Bruckhaus Deringer LLP Keeping within the boundaries of competition law Mark Sansom & Martin McElwee August 2013 1 What areas are we going to discuss? 1 Why does competition law compliance matter? Risks for the IFoA and its ... read more >>
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- Author:
- Joseph Lo, Aspen
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- GIRO Conference and Exhibition 2011
Extending the Mack Bootstrap
Winner of the 2011 Brian Hey Prize - GIRO Paper 2011 Foreword * Joseph Lo, London, U.K.; joseph.lo@aspen.co 29 Foreword Many general insurance actuaries have a love-hate relationship with the Mack bootstrap. The methodology has usefully provided ... read more >>
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- Author:
- David Brown, Chair, GIRO 2013 Third Party Claims Working Party
- Source:
- General Insurance Pricing Seminar
D3: GIRO Third Party Claims Working Party – Latest developments and findings relevant to pricing
Update from the Third Party Working Party David Brown, Direct Line Group Rob Treen, Towers Watson 01 July 2013 Colour palette for PowerPoint presentations Dark blue R17 G52 B88 Gold R217 G171 B22 Mid blue R64 G150 B184 Secondary ... read more >>
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- Author:
- David Brown, Direct Line Group and Rob Treen, Towers Watson
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- General Insurance Reserving Seminar
Plenary 6: Preliminary results from the Third Party Working Party: Motor reserving issues based on the latest 2012 industry data
Update from the Third Party Working Party David Brown, Direct Line Group Rob Treen, Towers Watson 01 July 2013 Colour palette for PowerPoint presentations Dark blue R17 G52 B88 Gold R217 G171 B22 Mid blue R64 G150 B184 Secondary ... read more >>
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- Author:
- Nigel Masters
- Source:
- Enhancing your Business with ORSA
Perspective from the Board Room
02/07/2013 1 ORSA: A view from the Board Room Nigel Masters 1 July 2013 ORSA A View from the Board Room 1 July 2013 02/07/2013 2 ORSA: A view from the Board Room Some initial observations • ORSA is highly ambitious and may fail because it seeks to ... read more >>
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- Author:
- Gavin Hughes
- Source:
- Enhancing your Business with ORSA
The assessment of ‘Own Solvency Needs’
02/07/2013 1 Own Solvency Needs Gavin Hughes, Towers Watson 1 July 2013 Institute of Actuaries Conference ORSA 02/07/2013 2 Agenda • Background K id ti• ey cons era ons • Potential implications • Conclusion 2 Background 02/07/2013 3 ... read more >>
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- Author:
- Niamh Carr
- Source:
- Enhancing your Business with ORSA
Update on regulations and emerging practice
02/07/2013 1 ORSA: Update on regulations and emerging practice Niamh Carr, Towers Watson 02 July 2013 Agenda Update on Solvency II Reaction from the PRA Overview of EIOPA consultation Emerging practice 2 02/07/2013 2 Update on Solvency II 02 July ... read more >>
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- Author:
- Alex Duncan
- Source:
- Enhancing your Business with ORSA
Engaging the business through ORSA
25/06/2013 1 Engaging the Business through ORSA Alex Duncan 1 July 2013 Introduction • Own Risk and Solvency Assessment (ORSA) is the most valuable tool available to a CRO • Regulatory requirement in both Basel and Solvency 2 • How can ... read more >>
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- Author:
- C Lewis
Estimating risk profiles for common diseases from environmental and genetic factors
18/06/2013 1 Estimating risk profiles for common diseases from environmental and genetic factors Cathryn Lewis King’s College London Contents • Introduction to genetic prediction • Estimating disease risks • Implications 18/06/2013 2 ... read more >>
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- Author:
- A Cairns; T Kleinow
Mortality and Smoking Prevalence
18/06/2013 1 Mortality and Smoking Prevalence A Mortality Model for Multiple Populations Torsten Kleinow and Andrew J.G. Cairns Heriot-Watt University 18 June 2013 Mortality rates 18 June 2013 18/06/2013 2 Smoking prevalence 18 June ... read more >>
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- Author:
- Jon Forster
Incorporating model uncertainty into mortality forecasts
Incorporating model uncertainty into mortality forecasts Jon Forster and Xiaoling Ou Mortality Research Grants Presentation, 17 June 2013 Staple Inn Hall, London Jon Forster and Xiaoling Ou Incorporating model uncertainty into ... read more >>
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- Author:
- Financial Repression Working Party 2013
- Source:
- Risk and Investment Conference 2013
E4: Financial repression working party
11/06/2013 1 Financial repression Financial repression working party of the Finance & Investment PEC Presented to the Risk and Investment Conference Brighton June 2013 Colour palette for PowerPoint presentations Dark blue R17 G52 ... read more >>
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- Author:
- Markus Gesmann, Lloyd's
- Source:
- General Insurance Pricing Seminar
E1: Price Monitoring in the Lloyd's market: Where to go next?
© Lloyd’s < Picture to go here > Price Monitoring in the Lloyd’s Market Markus Gesmann Lloyd’s Analysis General Insurance Pricing Seminar, 11 June 2013 © Lloyd’s Price Monitoring in the Lloyd’s Market Agenda ► Setting the scene ► ... read more >>
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- Author:
- Rob Jarvis and Patrick Bradley
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- Open Forum: General Insurance research topics – Impact of telematics for insurance and UK flood insurance
Rob Jarvis and Patrick Bradley
22/05/2013 1 Thinking outside the box Robert Jarvis 22 May 2013 The insurance value chain 22 May 2013 2 22/05/2013 2 The market as a whole 22 May 2013 3 Does any of this matter? 22 May 2013 4 22/05/2013 3 Questions Comments Expressions of ... read more >>
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- Author:
- Kathryn Morgan and James Orr, PRA
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- Current Issues in General Insurance (CIGI)
Plenary 3: PRA Update
James Orr Kathryn Morgan 2 May 2013 Current Issues in General Insurance From the FSA to the PRA Agenda • The changing structure of UK regulation • The new regulatory architecture • The approach to prudential risk • Interaction with the ... read more >>