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Author:
Madhusudan Acharyya; Johnnie Johnson

Investigating the development of enterprise risk management in the insurance industry: an empirical study of four major European insurers

The objective of this article is to report the results of a study examining the Enterprise Risk Management (hereinafter referred to as “ERM”) practiced by four European-based insurance companies. In particular, the study explores the understanding, ... read more >>

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Author:
Steven Haberman\; Richard Verrall
Source:
Mortality and longevity seminar, 28 June 2006

Modelling and measuring uncertainty in mortality forecasts and Lee Carter (handouts)

MODELLING AND MEASURING UNCERTAINTY IN MORTALITY FORECASTS AND LEE CARTER Steven Haberman and Richard Verrall Faculty of Actuarial Science and Insurance LEE CARTER STRUCTURE = age effect + (age effect) x (time effect) predictor = predictor + error ... read more >>

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Author:
Phillip Olivier; Andrew Smith
Source:
Mortality and longevity seminar, 28 June 2006

Olivier-Smith model (handouts)

1 Olivier-Smith Model Mortality and Longevity Seminar 28 June 2006 Andrew Smith, Deloitte Phillip Olivier, Deloitte Reinsurance Contract Insurer customers 100 policyholders One-off premium aged 65 Annual pension until death Expected payments ... read more >>

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Author:
Daniel Ryan
Source:
Mortality and longevity seminar, 28 June 2006

Projection of mortality rates as illustrated by Weibull distribution (handouts)

1 Projection of mortality rates as illustrated by Weibull distribution Daniel Ryan Watson Wyatt Building mortality models Possible forms of mortality models: Projection of past trends without adjustment Projection of past trends with adjustment Adjust ... read more >>

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Author:
Iain Currie
Source:
Mortality and longevity seminar, 28 June 2006

Smoothing and forecasting mortality rates with P-splines (handouts)

Smoothing and Forecasting Mortality Rates with P-splines Iain Currie Heriot Watt University London, June 2006 Data and problem • Data: CMI assured lives – Age: 20 to 90 – Year: 1947 to 2002 • Problem: forecast table to 2046 ... read more >>

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Author:
Angus Macdonald
Source:
Mortality and longevity seminar 28 June 2006

CMI mortality experience (handouts)

1 CMI MORTALITY EXPERIENCE London 28 June 2006 Developments in Longevity Agenda Recent CMI mortality experience New mortality tables Mortality Improvements CMI Mortality Projections work Where Next? . Life Office Pensioners 100A/E, E= 92 Series ... read more >>

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Source:
Mortality and longevity seminar, 28 June 2006

Mortality and longevity - making financial sense of the highly uncertain. Transcript

[Audio Transcription by: G & I Goodbarne - Tel. 01277-210553] 1 Mortality and Longevity – Making Financial Sense of the Highly Uncertain ----- One Day Seminar ----- Wednesday 28 June 2006 Barbican Centre, London ------ Chairman’s Welcome ... read more >>

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Author:
Nigel Bankhead
Source:
Mortality and longevity seminar, 28 June 2006

Initial thoughts on mortality (handouts)

1 Initial Thoughts on Mortality By Nigel Bankhead Director, Actuarial Standards Financial Reporting Council BAS & FRC Regulatory Philosophy A well-informed market is the best regulator Targeted use of powers (proactive, risk-based) Principles and ... read more >>

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Author:
Disciplinary Review Working Party

Faculty of Actuaries disciplinary scheme (revised) (effective from 26 June 2006)

Faculty Disciplinary Scheme 2006. This is an updated version of the Faculty's Disciplinary Scheme. The definition of misconduct has changed to accommodate BAS standards in rule 1.6. This is the only change. The revised scheme came into effect on 26 June ... read more >>

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Minutes of a meeting of the Honorary Secretaries of Local Actuarial Societies. 21 June 2006

Regional Societies – 21 June 2006 1 The Actuarial Profession MINUTES of a meeting of the Honorary Secretaries of Local Actuarial Societies held on Wednesday 21 June 2006 at Staple Inn Present: Mike Kipling (Chairman) Barbara Beebee ... read more >>

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Author:
Andrew Smith
Source:
Finance, Investment and Risk Management Conference 2006

Operational risk - a storm is coming (slides)

1 Operational Risk DF026 A Storm is Coming Andrew Smith June 2006 1© 2005 KPMG LLP, the U.K. member firm of KPMG International, a Swiss cooperative. All rights reserved. This document is confidential and its circulation and use are restricted. KPMG and ... read more >>

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Author:
Hunt, Emma
Source:
Finance, Investment and Risk Management Conference 2006

Being a responsible investor doesn't damage your wealth (handouts)

1 Being a Responsible Investor doesn t damage your wealth Emma Hunt Mercer Investment Consulting Being a Responsible Investor doesn t have to damage your wealth 1. Why has Responsible Investment become an investment topic? Mega trends that are ... read more >>

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Author:
Jeremy Stone
Source:
Finance, Investment and Risk Management Conference 2006

Learning to live within a risk budget (handouts)

1 Learning to live within a Risk Budget Jeremy Stone Chairman WHSmith Pension Fund June 2006 2 The examination paper 1. What is a deficit? 2. Defining risk tolerance for a pension fund 3. Do sponsor companies and trustees have different ... read more >>

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Author:
Bobby Riddaway
Source:
Finance, Investment and Risk Managment Conference 2006

Non-traditional (unconstrained) benchmarks (handouts)

1 [DocID]Hewitt Associates To protect the confidential and proprietary information included in this material, it may not be disclosed or provided to any third parties without the approval of Hewitt Associates LLC. Non-Traditional (Unconstrained) ... read more >>

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Author:
Paul Seymour
Source:
Finance, Investment and Risk Management Conference 2006

Introduction to the Financial Reporting Council (FRC) and the Board for Actuarial Standards (BAS) (handouts)

1 INTRODUCTION to the FINANCIAL REPORTING COUNCIL and the Paul Seymour, BAS Chair BOARD FOR ACTUARIAL STANDARDS FIRM Conference: Edinburgh 19th June 2006 The FRC s Aim is to promote confidence in corporate reporting and governance Our objectives ... read more >>

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Author:
Andrew Smith
Source:
Finance, Investment and Risk Managment Conference 2006

Risk management 2011? A personal view (handouts)

1 DF020 RISK MANAGEMENT 2011? A Personal View Andrew Smith June 2006 Version 3 1© 2005 KPMG LLP, the U.K. member firm of KPMG International, a Swiss cooperative. All rights reserved. This document is confidential and its circulation and use are ... read more >>

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Author:
Philip Evans
Source:
Client Care for Consulting Actuaries seminar 2006

Treating customers (& client!) fairly. A practical and rewarding approach for consulting actuaries (handouts)

1 4th Younger Members Convention The City Hall, Cardiff, 5-6 December 2005 Managing your Career Carole Evans Managing Consultant RightCoutts Cardiff Regional Office It is not the strongest of the species that survive, not the most intelligent, but ... read more >>

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Author:
Philip Evans
Source:
Client Care for Consulting Actuaries seminar 2006

Treating customers (& client!) fairly. A practical and rewarding approach for consulting actuaries (handouts)

1 4th Younger Members Convention The City Hall, Cardiff, 5-6 December 2005 Managing your Career Carole Evans Managing Consultant RightCoutts Cardiff Regional Office It is not the strongest of the species that survive, not the most intelligent, but ... read more >>

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Author:
Gavin Coates, Jenny Coletta, Steve Jones
Source:
Life insurer taxation seminar, 12 June 2006

Papers presented at the seminar

Institute & Faculty of Actuaries Life Office Taxation Course The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate ... read more >>

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Author:
Stephen Richards
Source:
Pensions Convention 2006

Longevity - the hidden risk (handouts)

1 Current Issues in Funding for Pensions Actuaries Legal Issues Kate Richards Partner Nabarro Nathanson NabarroNathanson Overview of Talk Topics to be covered Trustee and employer powers Trustees conflict of interest Negotiating with the ... read more >>