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Author:
Peter J Akers; Angus Ball; Caroline Barlow; Andrew D Button; T Paul Delbridge; Bryan R P Joseph; Julian C T Leigh; Graham A Masters
Source:
General Insurance Convention 1991

Pecuniary loss. Export and trade credit insurance

In 1990 the Pecuniary Loss Working Party presented a paper to the General Insurance Convention which covered mortgage indemnity insurance. Several areas of possible further investigation were highlighted. This year the working party has endeavoured to ... read more >>

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Author:
P D Smith
Source:
General Insurance Convention 1991

Protection and indemnity clubs

P and I Clubs were one of the insurance industry's best kept secrets. Although they have been in existence for over 100 years, insuring 90% of the free world's shipping, they were rarely in the news until the last two years. The majority of Clubs have ... read more >>

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Author:
Michael J Brockman
Source:
General Insurance Convention 1991

Statistical motor rating

In this workshop I would like to discuss the role of the statistical approach to motor rating. I have used these techniques for over nine years with considerable success in a number of different organisations including both Companies and Lloyd's ... read more >>

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Author:
Colin Czapiewski; Roger Boulton; Harold Clarke; David Craighead; Dewi James; Nicholas Michaelides; Haidee Pickton; Hugh Rice; Martin White
Source:
General Insurance Convention 1991

Latent claims (1991)

The report produced by the working party for the 1990 GISG Conference in Newquay described many salient features of latent claims. These claims, that effectively lie dormant for many years then emerge to terrify insurers (and reinsurers), were shown to ... read more >>

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Author:
Peter K Clark; Frederick Duncan; Andrew N Hitchcox; Martin G White
Source:
General Insurance Convention 1991

Financial reinsurance

Financial reinsurance is a growing phenomenon, as illustrated by the (known) growth in premiums written by financial reinsurers. Current annual premiums are estimated to be in the order of $5bn per annum. It arises out of the desire of insurers to ... read more >>

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Author:
Nigel D Hooker; Caroline Barlow; Peter A G Green; Kenneth P W Larner; Nicholas Michaelides; Kathryn A Morgan
Source:
General Insurance Convention 1991

Report of the Working Party on Equalization Reserves

This paper is largely a reintroduction to the subject which was last tackled by the General Insurance Study group eleven years ago. We do, however, raise questions here which are topical at the present time. However, we have found it impossible to answer ... read more >>

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Author:
Colin Czapiewski; David Craighead
Source:
General Insurance Convention 1991

Claims made

There is a considerable vacuum in the knowledge of insurance personnel in the area of claims coverage. Both actuaries and non-actuaries too often do not appreciate the significant difference that a change in claims coverage can mean to a policy. SESSION ... read more >>

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Source:
General Insurance Convention 1991

Motor rating: direct writers

A recent development within the UK personal insurances market, and especially the private car market, has been the establishment and rapid growth of a number of insurers selling direct to policyholders, i.e. without any form of intermediary. Direct writers ... read more >>

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Author:
Alff, Gregory N
Source:
General Insurance Convention 1991

Reserving problems encountered in general liability business in the USA

Actuaries in the U.K. have, no doubt, personally encountered or been shocked by great losses caused by upward development in U.S. general liability reserves, especially products liability. Don't feel alone. Many U.S. insurance executives badly ... read more >>

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Author:
Peter Green (Chairman); Simon Brickman; Martin Bride; Andrew Hitchcox; Stephen Jones; Kenneth Larner
Source:
General Insurance Convention 1991

Capital allocation

No explicit terms of reference were given for the Working Party but these have been taken as follows: 1. To consider the reasons for the allocation of capital of an Insurance/Reinsurance company between product lines or portfolios of risks written by that ... read more >>

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Author:
Peter Hinton; Andrew Macnair; Carol Buchanan
Source:
General Insurance Convention 1991

Claims run-off patterns update

The attached tables update those presented to the General Insurance Study Group (GISG) in October 1990, by including data from the 1989 returns in their calculation. The methodology derives from the report of the working party on claims run-off patterns ... read more >>

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Author:
William Abbott; Peter Akers; Ron Akhurst; Bryan Joseph; Kenneth Larner; Edward Levay; Michael Moliver; Keith Moyle; George Orros; Michael Tripp
Source:
General Insurance Convention 1991

Report of the Working Party on Europe

The work of the working party on Europe for GISG last year concentrated on the two major aspects which were felt, at the time, to be of particular interest to actuaries, namely:-- the implications of recent major Directives affecting, or likely to affect, ... read more >>

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Author:
Health Insurance Working Party; George Orros (Chairman)
Source:
General Insurance Convention 1991

Medical expenses insurance [slides]

SESSION E4/F4 GENERAL INSURANCE CONVENTION 1991 LLANDRINDOD WELLS 23-26 OCTOBER MEDICAL EXPENSES INSURANCE 1991 General Insurance Convention ... read more >>