Document library
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- Author:
- Derivatives Working Party; Martin Muir
Credit derivatives
There is increasing interest amongst UK life insurers in using derivatives to manage the risks to which they are exposed. However, their experience of, and familiarity with, credit derivatives is often lower than for equity and interest rate derivatives. ... read more >>
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- Author:
- Chris Hartley
- Source:
- Investment strategy for pensions actuaries seminar, 26 January 2006
Liability driven investment. A bond manager's perspective (handouts)
1 PRESENTATION TO Pensions Actuaries Seminar PRESENTED BY Chris Hartley 26 January 2006 Liability Driven Investment A Bond Manager s Perspective 11V0791 Agenda Identifying pension scheme risks Hedging pension scheme risks The industry today Reducing ... read more >>
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- Author:
- Caroline Instance
- Source:
- Manchester Actuarial Society meeting, January 2006
The Actuarial Profession after the Morris Review
Actuarial Profession after the Morris Review Caroline Instance January 2006 Governance of Actuarial Profession Complex: two Councils, Meet as individually and as two Councils Delegate to FIMC Chief Executive heads up executive structure and sits on ... read more >>
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- Author:
- C J Exley\; A D Smith
- Source:
- Sessional meeting paper
The cost of capital for financial firms [mp3 sound file]
Most businesses have assets financed by capital providers. The cost of capital is a measure of the returns required by those capital providers. Its main use is to set a target for the profits, which must be achieved on the firm's assets in order to ... read more >>
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- Author:
- Jon Exley; Andrew Smith
- Source:
- Sessional meeting paper
The cost of capital for financial firms (paper)
Most businesses have assets financed by capital providers. The cost of capital is a measure of the returns required by those capital providers. Its main use is to set a target for the profits, which must be achieved on the firm's assets in order to satisfy ... read more >>
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- Author:
- D Blake; A J G Cairns; K Dowd
- Source:
- Sessional meeting paper
Living with mortality: longevity bonds and other mortality-linked securities
This paper addresses the problem of longevity risk - the risk of uncertain aggregate mortality - and discusses the ways in which life assurers, annuity providers and pension plans can manage their exposure to this risk. In particular, it focuses on how ... read more >>
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- Author:
- Tushar Chatterjee; Angus Macdonald; Catriona Macdonald; Edward Roche; Howard Waters
- Source:
- Faculty sessional meeting paper, 14 January 2008
The impact of mortality and lifestyle on mortality. Paper to be presented to the Faculty Sessional Meeting on 14 January 2008
Studying trends in mortality and morbidity has been at the core of traditional actuarial science since its beginnings. This paper summarises the research resulting from two initiatives by the profession designed to help actuaries and others gain a better ... read more >>
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- Author:
- Brandon Horwitz
- Source:
- Current issues in investment for pensions actuaries seminar, 13 February 2005
Swaps and other banking products (slides)
Swaps and Other Banking Products 13 February 2006 Brandon Horwitz European Pensions Group 020 7677 3411 brandon.horwitz@morganstanley.com Table of Contents The Actuarial Profession L:\Product Teams\Pensions\Brandon Horwitz\Conferences and other client ... read more >>
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- Author:
- David Forfar
Life office practice. Glossary of terms
LIFE OFFICE PRACTICE DEFINITIONS Prepared by David Forfar, MA, FFA, with the assistance of David Raymont, Librarian of Institute of Actuaries, London. Version 10/1/2002 A Accrued terminal bonus :- the part of the policy s asset share which has ... read more >>
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- Author:
- Joint Money Laundering Steering Group
Prevention of money laundering / combating the financing of terrorism. Guidance for the UK financial sector, Part 1
In the UK, there has been a long-standing obligation to have effective procedures in place to detect and prevent money laundering. Many of the procedures which will be appropriate to address these obligations are similar, and firms can often employ the ... read more >>
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- Author:
- Joint Money Laundering Steering Group
Prevention of money laundering / combating the financing of terrorism. Guidance for the UK financial sector, Part 2
In the UK, there has been a long-standing obligation to have effective procedures in place to detect and prevent money laundering. Many of the procedures which will be appropriate to address these obligations are similar, and firms can often employ the ... read more >>
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- Author:
- Disciplinary Review Working Party
Faculty of Actuaries disciplinary scheme (effective from 1 January 2004)
Faculty Disciplinary Scheme 2004. This disciplinary scheme replaces the current Rules 35-43 of the Faculty Rules and Bye-laws. It is a mirror scheme to that of the Institute so that, for the first time, members of both bodies face the same disciplinary ... read more >>
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- Author:
- Chris Lewin
- Source:
- Enterprise Risk Management 2006
RAMP - Analysis and Management for Projects (Handout)
1 RAMP Risk Analysis and Management for Projects By Chris Lewin Agenda How RAMP came about Purpose and scope of RAMP The RAMP process RAMP and financial services RAMP within ERM How actuaries can help RAMP users How RAMP came about Collaboration between ... read more >>
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- Author:
- Jean-Bernard Crozet; Reeken Patel
- Source:
- General Insurance Convention 2006
Catastrophe risk aggregation (Handout)
CATASTROPHE RISK AGGREGATION 33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark JB CROZET REEKEN PATEL INTRODUCTION A Stat & A Quote Catastrophe Aggregation Monitoring “quantifying the potential losses from catastrophic events, across ... read more >>
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- Author:
- Scott Collings
- Source:
- General Insurance Convention 2006
Reserve ranges - the Australian experience (Handout)
1 33rd ANNUAL GIRO CONVENTION Reserve Ranges the Australian Experience Presented by Scott Collings Hilton Vienna Hotel, Am Stadtpark Accounting Rules Accounting rules require: Central Estimate of liabilities mean of liability distribution Discounted ... read more >>
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- Author:
- Richard Care; Jacqueline Fenech
- Source:
- Life Convention 2006
Solvency II. Challenges and industry impact (handout)
1 Solvency II Challenges and industry impact Richard Care Jacqueline Fenech Solvency II Agenda: ?What is Solvency II and where is it up to ?Quantitative Impact Study II (QISII) ?Assessment of Impact ?Future Challenges ?Timetable Background: Solvency I ... read more >>
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- Author:
- Jon Exley; Andrew Smith
- Source:
- British Actuarial Journal [BAJ] (2006) 12: 229-301
The cost of capital for financial firms
Most businesses have assets financed by capital providers. The cost of capital is a measure of the returns required by those capital providers. Its main use is to set a target for the profits, which must be achieved on the firm's assets in order to satisfy ... read more >>
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- Author:
- A C Campbell; D C Grimley; J K Pallister; A M Stoker; Andrew Walton; Costas Yiasoumi
- Source:
- British Actuarial Journal [BAJ] (2006) 12(3): 639-727
Lessons from closure : an analysis and comparison of the issues facing closed life funds and closed pension schemes
LESSONS FROM CLOSURE: AN ANALYSIS AND COMPARISON OF THE ISSUES FACING CLOSED LIFE FUNDS AND CLOSED PENSION SCHEMES By A. C. Campbell, D. C. Grimley, J. K. Pallister, A. M. Stoker, A. R. Walton and C. A. Yiasoumi ... read more >>
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- Author:
- D Blake; A J G Cairns; K Dowd
- Source:
- British Actuarial Journal [BAJ] (2006) 12(1): 153-228
Living with mortality: longevity bonds and other mortality-linked securities
This paper addresses the problem of longevity risk — the risk of uncertain aggregate mortality — and discusses the ways in which life assurers, annuity providers and pension plans can manage their exposure to this risk. In particular, it focuses on how ... read more >>