Document library
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- Author:
- Mark Butterworth
- Source:
- General Insurance Convention 2002
Corporate risk management: the growing importance of risk data analysis [slides]
The Growing Importance of Risk Data Analysis. There is a growing demand in corporate governance practices for more effective risk management. Risk management methodologies require effective risk identification, without which the steps taken to analyse ... read more >>
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- Author:
- Stuart Wrenn
- Source:
- General Insurance Convention 2003
Developing relationships with underwriters
General Insurance Convention, 14-17 October 2003, Cardiff Developing relationships with underwriters Working Party Stuart Wrenn (Chairman) Andrew Couper Elizabeth Edwards Patrick Grealy Thomas Harris David Hart Susan Ley Keywords ... read more >>
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- Author:
- Andrew Newman
- Source:
- General Insurance Convention 2002
Using the work of other professionals
USING THE WORK OF OTHER PROFESSIONALS ANDREW NEWMAN Workshop advance paper In 2001, the General Insurance Board called for a working party to be set up to study the issue of the division of responsibility between professionals, presumably in response to ... read more >>
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- Author:
- Neil Bruce; Andy Macnair (Chairman); Geoff Perry; Alessa Quane; Cheryl Russell; Richard Shaw; Laurence Townley
- Source:
- General Insurance Convention 2002
Loss portfolio transfers. 2002 GIRO working paper
This paper discusses the most common types of loss portfolio transfer (LPT) and the motives behind the structure selected. It examines pricing considerations and methods. It looks at the impact on policyholders, regulatory authorities, auditors, tax ... read more >>
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- Author:
- Justyn Harding, Matthew Maddocks, Gaynore Moss, Andrew Pryde
- Source:
- General Insurance Convention 2002
Aviation insurance. Working party report
The paper briefly describes the main sectors of the airline insurance market, and the factors that are determining results in this area. In particular, the after effects of September 11th are considered in some detail. The Working Party suggests changes ... read more >>
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- Author:
- Andrew Newman
- Source:
- General Insurance Convention 2002
Using the work of other professionals
USING THE WORK OF OTHER PROFESSIONALS ANDREW NEWMAN Workshop advance paper In 2001, the General Insurance Board called for a working party to be set up to study the issue of the division of responsibility between professionals, presumably in response to ... read more >>
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- Author:
- Catherine Cresswell
- Source:
- General Insurance Convention 2002
Fair value accounting and risk margins
The workshop presentation will discuss: What are the proposals. Choice of sub-divisions. Theoretical approaches. Practical examples Workshop: Fair Value Accounting Risk Margins Catherine Cresswell The workshop presentation will discuss: What are the ... read more >>
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- Author:
- Graham Lyons, Will Forster, Paul Kedney, Ryan Warren, Helen Wilkinson
- Source:
- General Insurance Convention 2002
Claims Reserving Working Party paper
The purpose of the paper is to provide practical guidance on general insurance claim reserving from the following viewpoints: Providing a framework or working guide to the execution of reserving. Section 2 gives guidance on the factors which should be ... read more >>
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- Author:
- Julian Lowe (Chairman)
- Source:
- General Insurance Convention 2002
The cost of compensation culture. Working party report
This paper considers what is 'Compensation Culture'. We've reviewed a range of events for which compensation is paid and have estimated what these cost UK plc. The ball-park 'cost of compensation' is roughly £10bn per year, over 1% of GDP. This cost has ... read more >>
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- Author:
- Roger Massey
- Source:
- General Insurance Convention 2002
Insurance company failure
The aim of this paper is to provide the reader with a strong insight into the reasons why insurance companies fail. No company can be considered beyond the possibility of failure and for insurance companies, whose business is covering the risks of others, ... read more >>
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- Author:
- James Orr, Chairman
- Source:
- General Insurance Convention 2002
Operational Risk Working Party report
The second section of this paper considers the definition of Operational Risk, presenting a possible framework for analysing all risks and discussing a number of publicly available definitions. The third section gives a brief "check list" of identified ... read more >>
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- Author:
- Nick Ross
- Source:
- General Insurance Convention 2002
European weather derivatives
EUROPEAN WEATHER DERIVATIVES This paper concentrates on where the future of the weather derivatives market may lie, where the new applications may be situated and what will be the main drivers of the market size. We realise that some of the ... read more >>
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- Author:
- David Brown, Rudi van Delm, Stephen Hill, James Hillon, Derek Newton, Darren Michaels
- Source:
- General Insurance Convention 2002
Customer Value Measurement Working Party report
Customer Value Measurement ("CVM") is widely used across a number of industries including financial services industries. However even within a single company it finds diverse and sometimes inconsistent applications across or even within individual ... read more >>
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- Author:
- Andrew Smith
- Source:
- General Insurance Convention 2002
Nash's Nobel
Nash’s Nobel Andrew D Smith, UK August 2002 Abstract: We've all been to see A Beautiful Mind, the Oscar winning film about John Nash, starring Russell Crowe. Although Nash won a Nobel for economics, the film focuses on the love story and mental health ... read more >>
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- Author:
- Robert Humphreys
- Source:
- General Insurance Convention 2002
Realistic disaster scenarios for Lloyd's (RDS) [Slides]
RDS Workshop - GIRO 2002 Robert Humphreys Agenda Lloyd’s overview Regulatory RDS Specific RDS Impact of September 11th Possible future approaches Summary Lloyd’s Overview Founded in 1688 2002 capacity: £12.5bn Number of ... read more >>
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- Author:
- Peter England
- Source:
- General Insurance Convention 2002
Stochastic reserving in general insurance [Slides]
Stochastic Reserving in General Insurance Peter England, PhD EMB GIRO 2002 Aims To provide an overview of stochastic reserving models, using England and Verrall (2002, BAJ) as a basis. To demonstrate some of the models in practice, and discuss practical ... read more >>
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- Author:
- Peter England
- Source:
- General Insurance Convention 2002
A beginner's guide to Bayesian modelling [Slides]
A Beginner’s Guide to Bayesian Modelling Peter England, PhD EMB GIRO 2002 Outline An easy one parameter problem A harder one parameter problem Problems with multiple parameters Modelling in WinBUGS Stochastic Claims Reserving Parameter uncertainty in ... read more >>
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- Author:
- Louise Pryor
- Source:
- General Insurance Convention 2002
Managing the operational risks of user-developed software
Managing the operational risks of user-developed software Louise Pryor www.louisepryor.com ¢ ... read more >>
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- Author:
- Bob Conger
- Source:
- General Insurance Convention 2002
Actuaries: Broader? Deeper? or Uncertain?
GIRO Speech – Oct 2002 Bob Conger Actuaries: Deeper? Broader? Or Uncertain? Good morning! Bonjour! It certainly is a pleasure to be here this morning. Last year, my wife Maggie and I truly enjoyed the fellowship, the hospitality, and the exchange of ... read more >>
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- Author:
- John Tiner
- Source:
- General Insurance Convention 2002
Update on the future regulation of insurance [Slides]
Update on the future regulation of insurance John Tiner Managing Director, FSA Agenda Tiner Project FSA approach to regulation Senior management responsibilities New prudential regime What does the FSA want from actuaries? Conclusion Tiner Project FSA’s ... read more >>