Document library
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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:
- Paul Klumpes
The impact of the adoption of hedge accounting rules on enterprise risk management adoption practices by multinationals
Abstract 1 The impact of the adoption of hedge accounting rules on enterprise risk management ... read more >>
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- Author:
- N Allan, N Cantle, P Godfrey, Y Yin
A review of the use of complex systems applied to risk appetite and emerging risks in ERM practice
A review of the use of complex systems applied to risk appetite and emerging risks in ERM practice BY N. ALLAN, N. CANTLE, P. GODFREY AND Y. YIN Presented to The Institute and Faculty of Actuaries 28 November 2011 ( London) Using ... read more >>
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- Author:
- P J Sweeting; F Fotiou
- Source:
- Sessional research discussion paper
Calculating and communicating tail association and the risk of extreme loss. A discussion paper
In this paper the authors examine two aspects of extreme events: their calculation and their communication. In relation to calculation, there are two types of extreme events that are considered . Calculating and communicating tail association ... read more >>
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- Author:
- P. Kelliher, D Willmot, J Vij and P. Klumpes
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- Sessional Research Event: A Common Risk Classification System for the Actuarial Profession
Underlying spreadsheet for the discussion paper: a common risk classification system for the actuarial profession
Underlying spreadsheet for the paper that sets out a proposal for a classification system being developed by the risk classification working party that can be used as a common reference point for discussing risk. The paper was discussed in the ... read more >>
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- Author:
- P. Kelliher; D Willmot; J Vij; P. Klumpes
- Source:
- Sessional Research Event
A Common Risk Classification System for the Actuarial Profession
This paper sets out a proposal for a classification system being developed by the risk classification working party that can be used as a common reference point for discussing risk. The paper was discussed in the Sessional Research Meeting on 31 ... 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:
- Malcolm Kemp, Chinu Patel
- Source:
- Sessional research event - Entity-wide risk management for pension funds, 28 February 2011
Sessional research event - Entity-wide risk management for pension funds
01/03/2011 1 © 2011 Malcolm Kemp, Chinu Patel and The Actuarial Profession www.actuaries.org.uk Entity-wide Risk Management for Pension Funds Malcolm Kemp and Chinu Patel Sessional Research Meeting, London 28 February 2011 Agenda 1 © 2011 Malcolm ... read more >>
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- Author:
- M.H.D. Kemp, C.C. Patel
- Source:
- Sessional research paper
Entity-wide risk management for pension funds
This paper explores the application of ERM-style techniques to pension funds. It uses the term 'entity wide risk management', rather than 'enterprise risk management, because many pension funds do not view themselves as business 'enterprises' as ... 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:
- Dwityapoetra Besar; Philip Booth; Ka Kai Chan; Alastair K L Milne; J Pickles
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- Sessional meeting paper
Systemic risk in financial services
The current banking crisis has reminded us of how risks materialising in one part of the financial system can have a widespread impact, affecting other financial markets and institutions and the broader economy. This paper, prepared on behalf of the ... read more >>
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- Author:
- J. Maher, J. Corrigan, A. Bentley and W. Diffey
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- Sessional research discussion paper
An executive's handbook for understanding and risk managing unit linked guarantees.
The focus of this paper is the identification, and more importantly, sustainable management, of risks embedded in guarantees attaching to unit linked savings and retirement contracts (as commonly referred to as GMxBs). In developing customer centric ... read more >>
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- Author:
- Richard Shaw; Andrew Smith; Grigory Spivak
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- Institute sessional meeting, 10 May 2010
Dependency workshop: Analysing dependent data. A case study of equity returns
Analysing Dependent Data A Case Study of Equity Returns 10 May 2010 Richard Shaw, Andrew Smith & Grigory Spivak Workshop Overview • Empirical analysis of non-linear dependence in UK and Danish stock market returns • Fitting copula functions • ... read more >>
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- Author:
- Andrew Hitchcox; Paul Klumpes; Kenneth McGaughey; Andrew Smith; Neil Taverner
- Source:
- Sessional meeting paper
ERM for insurance companies - adding the investor's point of view
A major outcome of ERM activities in insurance companies has been the bringing together of all of the key risks in the company, to be managed together in a holistic fashion. The authors of this paper believe that an ERM framework also needs to look beyond ... read more >>
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- Author:
- D. Besar, P. Booth, K.K. Chan, A.K.L. MIlne and J. Pickles
- Source:
- Sessional Paper
Systemic risk in financial services
The recent banking crisis has reminded us of how risks materialising in one part of the financial system can have a widespread impact, affecting other financial markets and institutions and the broader economy. This paper, prepared on behalf of the ... read more >>
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- Author:
- S.P. Deighton, R.C. Dix, J.R. Graham and J.M.E. Skinner
- Source:
- Sessional meeting paper
Governance and risk management in UK insurance companies
For some while there has been a growing awareness from both internal and external stakeholders that the governance and risk management in United Kingdom insurance companies needed to be enhanced. The proposed European Union Solvency II Directive makes this ... read more >>
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- Author:
- Cherry Chan; Sejal Haria; Neil Hilary; Kathryn Morgan; George Orros; Geoffrey Perry; Kartina Tahir-Thomson; Michael Tripp
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- Sessional meeting paper
Enterprise risk management from the general insurance actuarial perspective
The authors have reviewed over 60 texts on the subject of Enterprise Risk Management (ERM). In this paper they set out a summary of ERM based on three of those sources, selected for their relevance and breadth of view. The paper observes that the ... read more >>
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- Author:
- Paul Sweeting
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- Institute Sessional Meeting, 30 April 2007
Modelling and managing risk
This paper looks at the risks faced by financial institutions, and how they can be modelled and managed. It compares the way in which each of the risks affect different types of financial institution and looks for similarities (and differences) across ... read more >>
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- Author:
- G. C. Heywood, J. R. Marsland, and G. M. Morrison
Practical risk management for equity portfolio managers
The paper highlights the role of risk budgeting - how risk is 'spent' - in the investment management process and some of the practical issues encountered. Risk budgeting has received a great deal of interest from the investment management community ... read more >>