Document library
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- Author:
- Dr Aled Jones; Irma Allen; Nick Silver; Catherine Cameron; Candice Howarth and Ben Caldecott
Research report - Resource constraints: sharing a finite world. Implications of Limits to Growth for the Actuarial Profession
Economic growth has received significantly more attention globally over the last few years. While traditional growth has been very visible through the consumption of resources, the resources required to sustain the current level of economic growth may not ... read more >>
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Mortality improvements by socio-economic circumstances, discussion paper
This paper was presented at a sessional research meeting at Staple Inn Hall, London, on 24 September 2012. Mortality improvements by socio-economic circumstances in England (1982 to 2006) A discussion paper BY J.L.C. LU, W. WONG, AND M. BAJEKAL ... read more >>
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- Author:
- S. Deksler
- Source:
- Solvency II Technical Provisions – What Actuaries will be doing differently
Solvency II Technical Provisions – What Actuaries will be doing differently
Background information for a round table discussion on 26 March 2012 at Staple Inn, London. Sessional Research Discussion Meeting – 26 March 2012 Staple Inn Hall, London Solvency II Technical Provisions – What Actuaries will be doing differently? ... read more >>
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- Author:
- David Brown
Report from the Third Party Motor Working Party into motor insurance claims costs
This paper is a summary of the work undertaken by the Institute and Faculty of Actuaries’ Third Party Working Party into motor insurance claims costs which reports its initial findings in June 2011. David Brown MA PhD FIA Chair of Third Party Motor ... read more >>
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- Author:
- IFRS Working Party
- Source:
- Sessional research discussion paper
Insurance accounting: a new era?
Insurance accounting has for many years proved a challenging topic for standard setters, preparers and users, often described as a 'black box'. Will recent developments, in particular the July 2010 Insurance Contracts Exposure Draft, hearald a new ... read more >>
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- Author:
- Tony Lovick and Peter Lee
- Source:
- Sessional research discussion paper
Redefining the Deviance Objective for Generalised Linear Models
This paper defines the 'Case Deleted' Deviance - a new objective function for evaluating Generalised Linear Models, and applies this to a number of practical examples in the pricing of general insurance. The paper details practical approximations to ... read more >>
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- Author:
- Resource and Environment Group
- Source:
- Newsletter
Resource and Environment Group Newsletter March 2011
This is the third edition of a regular newsletter produced by the Resource and Environment Group Resource and Environment Group Since our last newsletter (November 2010), REG has set up a managing committee to organise our activities. The members are ... read more >>
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- Author:
- C.A. Cowling, R. Frankland, R.T.G. Hails, M.H.D. Kemp, R.L. Loseby, J.B. Orr and A.D. Smith
- Source:
- Sessional research paper
Developing a framework for the use of discount rates in actuarial work
The Management Board of the UK Actuarial Profession is undertaking a thought leadership cross-practice research project on the use of discount rates by UK actuaries. The timing for this research is particularly appropriate as there is a convergence ... read more >>
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- Author:
- Louise Pryor; Richard Evans; Brian Foley; Michael Garner; Neil Hilary; Justin Skinner; Mark Shapland; Kathryn Staff; James Tanser
- Source:
- General Insurance Convention 2006
Actuaries excel: but what about their software?
Actuaries excel: but what about their software? Louise Pryor, Richard Evans, Brian Foley, Michael Garner, Neil Hilary, Justin Skinner, Mark Shapland, Kathryn Staff, James Tanser 1 Introduction Software is a key part of our day-to-day work as ... read more >>
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- Author:
- Simon Margetts; Sergio Pezzulli
- Source:
- General Insurance Convention 2006
Optimizing groupings of classes of business. Triangle segmentation (handout)
1 33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark Optimizing Groupings of Classes of Business. Triangle Segmentation Simon Margetts smargetts@uk.ey.com Sergio Pezzulli spezzulli@uk.ey.com Optimizing Groupings of Classes of Business - ... read more >>
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- Author:
- Resource and Environment Group
- Source:
- Resource and Environment Group Newsletter, August 2010
Resource and Environment Group Newsletter August 2010
The first newsletter by the resource and environment member interest group, dated August 2010. Resource and Environment Group Newsletter – August 2010 This is the first newsletter of the Resource and Environment Member Interest Group, providing some ... read more >>
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- Author:
- Continuous Mortality Investigation
CMI data by age and gender: income protection insurance
When underwriting insurance policies, insurance companies base their premiums on a wide variety of factors that may affect the claims cost they observe among their customers. One factor is gender. From 6 April 2008, the Sex Discrimination (Amendment of ... read more >>
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- Author:
- Ruth Loseby
Research project on discount rates
Details of the initial call for research. Call for proposals for research project on discount rates Background The Management Board of The Actuarial Profession wishes to undertake a thought leadership cross-practice research project on discount ... read more >>
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- Author:
- Robert Cowell
Exploration of a novel bootstrap technique for estimating the distribution of outstanding claims reserves in general insurance
This is a report on an exploration of the effectiveness of a novel non-parametric bootstrap method for estimating claims reserves, which we call the local chain ladder bootstrap technique. The method is simple and can readily be implemented in a ... read more >>
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- Author:
- Di Kuang; Bent Nielsen; Jens Perch Nielsen
Robust forecasting in the extended chain-ladder model
Chain-ladder-type models extended with a calendar effect are used for reserving in general insurance. We consider forecasting of reserves in a situation where the calendar parameters change out of sample. It is shown that methods for forecasting ... read more >>
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- Author:
- Yaniv Zaks
Optimal premiums based on utility function and solvency
Consider a portfolio containing heterogeneous risks. The premiums of the policyholders might not cover the liabilities of the insurer during one period of time. This risk should be taken into account while determining the load on the net premium. On the ... read more >>
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- Author:
- Di Kuang; Bent Nielsen; Jens Perch Nielsen
Chain-ladder as maximum likelihood revisited
It has long been known that maximum likelihood estimation in a Poisson model reproduces the chain-ladder technique. We revisit this model. A new canonical parametrisation is proposed to circumvent the inherent identification problem in the parametrisation. ... read more >>
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- Author:
- Robert Cowell
A non-parametric bootstrap method for claims reserving
A non-parametric bootstrap method for claims reserving Robert Cowell Faculty of Actuarial Science and Insurance Cass Business School 25th February 2009 Supported by a grant from the Actuarial Profession Overview trianglerightsld ... read more >>
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- Author:
- Julian Leigh
- Source:
- General Insurance Convention 2008
General Insurance Practice Executive Committee Report (handout)
1 GIRO Convention 23-26 September 2008 Hilton Sorrento Palace GI Practice Executive Committee Report GI Board Report 2007-2008 Who was on the Board: ? Philip Archer-Lock ? Rodney Bonnard ? Peter Copeman ? Lis Gibson ? Justyn Harding ? Andrew ... read more >>
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- Author:
- Graham Fulcher; Alex Marcuson
- Source:
- General Insurance Convention 2008
Lime Street, Wall Street and Main Street. (Slides)
Lime Street, Wall Street and Main Street Graham Fulcher and the Securitisation Working Party Alex Marcuson and the Sub-Prime Working Party Securitisation Working Party Graham Fulcher Esmee Robinson Mohamed Afify Cormac Bradley JB Crozet David ... read more >>