Document library
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- Author:
- Julian Adams, Director, Insurance, Financial Services Authority
Solvency II - early use of Solvency II work to meet ICAS requirements. Letter from Julian Adams, Director, Insurance, FSA to Derek Cribb, CEO, Institute and Faculty of Actuaries
Julian Adams, Director, Insurance at the FSA, has set out details of an approach developed by the FSA as a practical solution to allow firms to continue making progress towards Solvency II. Appendix Inputs to the ICAS+ review For the purpose of ICAS+, the ... read more >>
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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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- Author:
- Institute and Faculty of Actuaries
September 2012 updated report on Third Party Motor Claims from the Institute and Faculty of Actuaries
This is an update to the third annual report from the Institute and Faculty of Actuaries collating and analysing data for UK third party motor claims focusing on data collected to 31 December 2011. For further information, quotes or Jpeg images contact ... read more >>
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- Author:
- Institute and Faculty of Actuaries
GIRO Conference 2013 - Detailed Specific Task Description
This document sets out the detailed and specific task description to assist members who are considering volunteering to join the GIRO Conference Committee for 2013. GIRO Committee 2013 Detailed Specific Task Description: The Actuarial ... read more >>
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- Author:
- Michael Scanlan
Update from the Third Party Motor and the PPO working parties
© 2010 The Actuarial Profession www.actuaries.org.uk Update from the Third Party Motor and the PPO Working Parties David Brown and Sarah MacDonnell 21 June 2012 © 2010 The Actuarial Profession www.actuaries.org.uk Update from the Third Party ... read more >>
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- Author:
- The Third Party Working Party
The 2012 report on third party motor claims and periodic payment orders (PPOs) from the Institute and Faculty of Actuaries
This is the third annual report from the Institute and Faculty of Actuaries collating and analysing data for UK third party motor claims and periodic payment orders of UK bodily injury claims (PPOs are inclusive of claims arising from motor, employers and ... read more >>
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Transcript of the Conflicts of Interest consultation meeting held in London on 24 October 2011
Transcript of the 'Conflict of Interest' consultation meeting held in London on 24 October 2011 PAGE PAGE 41 The Actuarial Profession Institute and Faculty of Actuaries -------- Conflicts of Interest Consultation Meeting Monday 24 October ... read more >>
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- Author:
- David Brown
Motor Third Party Working Party 2011. Communications pack
The Motor Third Party Working Party analyses data from insurers on third party motor claims in the UK. This year's analysis follows on from a similar study last year, but uses a greater range of data. During this period, car insurance premiums ... 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:
- Chinu Patel; Chris Daykin
- Source:
- Sessional Meeting paper 2010
Actuaries and discount rates; a discussion
This report “Actuaries and Discount Rates” by Chinu Patel and Chris Daykin is the result of their initial research into past and current practice in the setting of discount rates in the UK, and a survey of existing research and debate. Actuaries and ... read more >>
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- Author:
- Faculty of Actuaries Students Society
Current topics 2010 (FASS). General insurance
We start by giving an overview of the hot topics currently affecting the top UK general insurers. Our source documents for these are the published report and accounts for five of the largest insurance groups writing UK general insurance. Faculty of ... read more >>
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- Author:
- Robert Cowell
Bayesian networks and data mining
Presentation summarising the results of the project Bayesian networks for classification in insurance. An article was not published, since more extensive research was published before release. 1 Bayesian Networks and Data Mining Robert Cowell 23 May ... read more >>
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- Author:
- Neil Robjohns and Joan Coverson
- Source:
- Quantitative Finance Network
Uncertainty management and forecasting in morbidity modelling
Estimates of morbidity and their uncertainties are currently used in variety of insurance products to structure policies and to price products. The overall aim is to provide policy holders with a high degree of certainty that their claims will be met, and ... read more >>
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- Author:
- Bernhard Bergman
- Source:
- Staple Inn Actuarial Society paper
Capital: it's overrated! A different perspective on the use of capital for steering purposes
Increasingly, capital seems to be at the heart of the financial management of a modern-day insurance company. Encouraged by regulators and rating agencies, firms are using their capital models and capital-based methodologies for a range of steering ... read more >>
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- Author:
- Lis Gibson
Five years, and still rocking!
Lis Gibson reports on the response by the profession to the Morris Review in relation to General Insurance reserving; the work of the General Insurance Reserving Issues Task Force (GRIT) and the Reserving Oversight Committee (ROC) to date and plans for the ... 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:
- Pietro Parodi
- Source:
- SA0 submission
Computational intelligence techniques for general insurance
SA0 dissertation (Fellowship by research). This paper is an attempt to answer the question "What is the proper framework for understanding risk?" in the context of general insurance. It argues that although actuaries and other risk professionals tend to ... 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 >>