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Author:
M H Tripp; H L Bradley; R Devitt; G C Orros; G L Overton; L M Pryor; R A Shaw
Source:
Sessional meeting paper

Quantifying operational risk in general insurance companies

This paper overviews the application of existing actuarial techniques to operational risk. It considers how, working in conjunction with other experts, actuaries can develop a new framework to monitor/review, establish context, identify, understand and ... read more >>

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Author:
Peter Clark; Peter Hinton; Erica Nicholson; Liam Storey; Gary Wells; Martin White
Source:
Sessional meeting paper

The implication of fair value accounting for general insurance companies

The implementation of the International Accounting Standards Board's (IASB's) Draft Statement of Principles (DSOP) will require fundamental changes to the statutory financial reporting by insurance companies. This paper sets out to discuss the key issues ... read more >>

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Author:
J P Ryan P Archer-Lock; A J Czernuszewicz; N R Gillott; P H Hinton; D C B Ibeson; S A Malde; D R L Paul; N Shah
Source:
Sessional Meeting paper

Financial condition assessment

This paper explores an approach to assessing the adequacy of capital resources for non-life insurance companies. It examines the range of risks faced by these companies and the factors that influence the analysis of their impact on an organisation's ... read more >>

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Author:
D J Hindley; M Allen; A J Czernuszewicz; D C B Ibeson; W D McConnell; J G Ross
Source:
Sessional Meeting paper

The Lloyd's reinsurance to close process

General insurance syndicates at Lloyd's are required to obtain a Statement of Actuarial Opinion (SAO) in relation to their solvency reserves. This paper focuses on the reinsurance to close (RITC) process at Lloyd's, which is not currently subject to such ... read more >>

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Author:
M Cumberworth; A N Hitchcox; W D McConnell; A D Smith
Source:
Sessional Meeting paper

Corporate decisions in general insurance: beyond the frontier

This paper shows how the powerful and flexible tool of stochastic modelling can be applied to a range of business decisions extending far beyond the asset allocation solutions that are common to many ALM studies. The example used to demonstrate these ... read more >>