Document library
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- Author:
- Reinsurance Bad Debt Provisions Working Party; Richard Bulmer (Chairman)
- Source:
- Advisory note
Reinsurance bad debt provisions for general insurance companies. With supplementary note October 2005
There is currently no standard approach to the assessment of reinsurance bad debt provisions. This paper covers: the principal actuarial issues which need to be considered when setting reinsurance bad debt provisions; possible methodologies which could be ... read more >>
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- Author:
- J B Crozet
- Source:
- General Insurance Convention 2005
Revenue management and insurance cycle
1 Revenue Management And Insurance Cycle Paper prepared for GIRO 2005 JB CROZET MSc FIA CFA FSS 2 Introduction This paper is a reflection on the optimal strategy for deploying a fixed amount of insurance ... read more >>
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- Author:
- Simon Sheaf
- Source:
- General Insurance Convention 2005
Claims inflation - The Scarlet Pimpernel of actuarial work (Handout)
1 Claims Inflation - The Scarlet Pimpernel of Actuarial Work Simon Sheaf Simon Brickman GIRO 2005 Will Forster 19 October 2005 Agenda Introduction Survey results Examples of current issues affecting claim frequency and severity Methods for estimating ... read more >>
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- Author:
- James Orr; Trevor Maynard
- Source:
- General Insurance Convention 2005
Update from the maths toolkit for actuaries' working party (Slides)
1 A Maths Toolkit for Actuaries James Orr & Trevor Maynard A Working Title Production Part I The Model Actuary The Rate of Change The Subject of Conjecture The Continuously Developing Profession Part II Academic Research Software Survey IT ... read more >>
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- Author:
- Rodney Bonnard; Simon Margetts
- Source:
- General Insurance Convention 2005
Credit risk (Handout)
1 Credit Risk 32nd ANNUAL GIRO CONVENTION The Imperial Hotel, Blackpool Credit Risk Contents Introduction Example Company and reinsurance protection Traditional Approach MultiNomial Parameter Uncertainty Momentum Dependency Conclusion and ... read more >>
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- Author:
- Hilary Johnson
- Source:
- Younger Members' Convention 2005
Actuaries as leaders (Handout)
1 2 3 4 5 6 7 ... read more >>
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- Author:
- P J L O'Keeffe; A J Desai; K Foroughi; G J Hibbett; A F Maxwell; A C Sharp; N H Taverner; M B Ward; F J P Willis
- Source:
- British Actuarial Journal [BAJ] (2005) 11(3): 407-496
Current developments in embedded value reporting
This paper reviews the developments in reporting of traditional embedded value and summarises some of the reasons why this is now undergoing change. It considers the purpose of an embedded value calculation and the effect of differing attitudes to risk. ... read more >>
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- Author:
- A D Wilkie; M P Owen; H R Waters
- Source:
- British Actuarial Journal [BAJ] (2005) 11(2): 199-312
Notes on options, hedging, prudential reserves and fair values
In this paper we present many investigations into the results of simulating the process of hedging a vanilla option at discrete times. We consider mainly a `maxi' option (paying Max(A, B)), though calls, puts and `minis' are also considered. We show the ... read more >>
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- Author:
- I Iqbal
- Source:
- British Actuarial Journal [BAJ] (2005) 11(1): 133-182
Effective decision making in a life company
In the recent past life companies have made many decisions which they have had cause to deeply regret. This paper looks at the range of decision making theories available. It then examines recent examples of decisions that had unfavourable consequences ... read more >>
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- Author:
- A C L Dyson; J Exley
- Source:
- British Actuarial Journal [BAJ] (1995) 1(3): 471-557
Pension fund asset valuation and investment
The theoretical basis for, and practical application of, the discounted income method for valuing UK pension fund assets is discussed, with particular reference to the widely adopted application to variable income (equity type) assets, as proposed by ... read more >>