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Author:
David A Bishop; Jonathan Broughton; Antony W Hartington; Julian G Ross; Richard A Shaw; David A Slater
Source:
General Insurance Convention 1997

Asbestos and Pollution Reserving Working Party

There has been a large increase in interest in latent claims over the last decade as many London Market insurers and reinsurers have suffered large volumes of asbestos and pollution claims from the United States. The aim of this paper is to bring together ... read more >>

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Author:
Duncan J Anderson
Source:
General Insurance Convention 1997

An introduction to statistical premium rating

[summary only] Workshop: An Introduction to Statistical Premium Rating Duncan Anderson Purpose The aim of the workshop will be to provide an introduction to the statistical techniques commonly used in motor premium rating. The discussion will be ... read more >>

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Author:
Thomas S Wright
Source:
General Insurance Convention 1997

Geographic information systems for household insurance

[summary only] WORKSHOP - GEOGRAPHIC INFORMATION SYSTEMS FOR HOUSEHOLD INSURANCE Tom Wright OVERVIEW The workshop will focus on the types of geographic information available and the principles involved in using this type of information in premium ... read more >>

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Author:
James McPherson
Source:
General Insurance Convention 1997

Corporate capital vehicles. A better approach to capital allocation?

This paper outlines the current corporate capital structures within Lloyd's. It also considers how these structures compete for the right to participate in underwriting and suggests a method for assessing a fair price. Lastly, consideration is given to ... read more >>

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Source:
General Insurance Convention 1997

Lloyd's US opinions [summary only]

LLOYD’S U.S OPINIONS WORKSHOP AT GISG 1997 SUMMARY OF POINTS FOR DISCUSSION 85 Insurance Convention 1997 General As at 31 December 1996. Statements of Actuarial opinion (SAO’s) were introduced for all Lloyd’s syndicates writing certain categories ... read more >>

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Author:
Graham J Warren
Source:
General Insurance Convention 1997
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Source:
Thomas Mack

Claims Reserving Manual, vol.2: Section D6: Measuring the variability of chain ladder reserve estimates. Spreadsheet

A 3257 Diagnostic checks of the assumptions of the distribution-free approach Diagnostic checks of the assumptions of the distribution-free ... read more >>

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Claims Reserving Manual, vol.2: Section B: Description of stochastic models

Section 2B of the Supplementary Introduction to Volume 1 gives a general description of reserving methodology. In that description, the process of arriving at an estimate of future payments is described as one of constructing a model, fitting it to some ... read more >>

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Claims Reserving Manual, vol.2: Section E: Precis of other actuarial papers

Negative incremental claims: chain ladder and linear models, by Richard J Verrall and Z Li A state space representation of the chain ladder linear model, by Richard J Verrall Probabilistic development factor models with applications to loss reserve ... read more >>

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Author:
Benjamin Zehnwirth

Claims Reserving Manual, vol.2: Section D1: The chain ladder technique - a stochastic model

The chain ladder technique (equivalently, age-to-age development factors) is one of the oldest actuarial techniques to be applied widely for estimating loss reserves. The technique appears intuitively natural and only until more recently was always ... read more >>

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Claims Reserving Manual, vol.1: Section K: Miscellaneous topics

Average cost reserving systems; Reserves for re-opened claims; Re-opened claims - Balcarek's method; Claims expense - indirect type; Claims expense - direct type Faculty and Institute of Actuaries Claims Reserving Manual v.1 (09/1997) Section K Section ... read more >>

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Claims Reserving Manual, vol.1: Contents

Faculty and Institute of Actuaries Claims Reserving Manual v.1 (09/1997) Contents. CLAIMS RESERVING MANUAL CONTENTS INTRODUCTION (1989) Section 1 1997 Update of Manual Section 2 Introduction to Reserving A Description of Claim Process B Reserving ... read more >>

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Claims Reserving Manual, vol.2: Section A: Introduction

Faculty and Institute of Actuaries Claims Reserving Manual v.2 (09/1997) Section A Section A INTRODUCTION Volume 2 of the Claims Reserving Manual was first published in 1989 by the Institute of Actuaries. At that time, Volume 2 consisted of five papers ... read more >>

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Author:
Stravros Christofides

Claims Reserving Manual, vol.2: Section D5: Regression models based on log-incremental payments

The first article in Volume 2 of this Manual by B Zehnwirth has shown the close connection between the intuitive Chain Ladder technique and the more formal two way analysis of variance model based on the log-incremental payments. Faculty and Institute of ... read more >>

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Claims Reserving Manual, vol.1: Introduction

Faculty and Institute of Actuaries Claims Reserving Manual v.1 (09/1997) Introduction. INTRODUCTION (1989) The Institute of Actuaries has prepared and published this Claims Reserving Manual in the hope that it will help both actuaries and others ... read more >>

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Author:
Thomas Mack

Claims Reserving Manual, vol.2: Section D6: Measuring the variability of chain ladder reserve estimates

The variability of chain ladder reserve estimates is quantified without assuming any specific claims amount distribution function. This is done by establishing a formula for the so-called standard error which is an estimate for the standard deviation of ... read more >>

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Claims Reserving Manual, vol.1: Section J: Dealing with inflation

Inflation - general considerations; Inflation adjusted claims projection; Bennett and Taylor - Method A; The Separation method Faculty and Institute of Actuaries Claims Reserving Manual v.1 (09/1997) Section J Section J DEALING WITH INFLATION Preamble How ... read more >>

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Claims Reserving Manual, vol.2: Section F: Computerised illustration of volume 2 papers

Faculty and Institute of Actuaries Claims Reserving Manual v 2 (09/1997) Section F Section F COMPUTERISED ILLUSTRATION OF VOLUME 2 PAPERS Accompanying this revision of the Claims Reserving Manual is a disk illustrating the application of two of the ... read more >>

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Author:
Sidney Benjamin; Lawrence M Eagles

Claims Reserving Manual, vol.2: Section D3: A curve fitting method and a regression method

This method models the run-off triangle row-by-row and then ties the rows together. Each row, or year of account, is modelled by a Weibull distribution function. This model was suggested by D H Craighead, and so the Weibull distribution function has become ... read more >>