Document library
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Graduation of the experience of female assured lives 1975-1978
Recently the CMI Committee has given serious consideration to the construction of a table reflecting the mortality of female assured lives. The crude data underlying the proposed table relate to the quadrennium 1975-78. At this stage the work is not ... read more >>
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Actuarial reporting on non-life solvency
At its 1981 Dublin seminar, GIRO members had the opportunity to discuss the subject of the solvency of non-life insurance companies and the work produced by three working parties: one looking at the underwriting and claim risks, another at investment and ... read more >>
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Actuarial reporting on non-life solvency
At its 1981 Dublin seminar, GIRO members had the opportunity to discuss the subject of the solvency of non-life insurance companies and the work produced by three working parties: one looking at the underwriting and claim risks, another at investment and ... read more >>
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Statutory regulation of short term business
This monograph is concerned with the statutory regulation of short-term business. It covers regulatory aspects affecting the contract of insurance and regulation of the insurer. It does not cover tax legislation. With its lack of codification, the ... read more >>
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Actuarial reporting on non-life solvency
At its 1981 Dublin seminar, GIRO members had the opportunity to discuss the subject of the solvency of non-life insurance companies and the work produced by three working parties: one looking at the underwriting and claim risks, another at investment and ... read more >>
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Premium rating for personal lines coverages in the United States
The United States has a population of over 230,000,000 living in nearly 100,000,000 homes and owning approximately 150,000,000 motor vehicles. The Property and Liability exposures of this population are covered by nearly 3,000 insurance companies (Life, ... read more >>
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On solvency and risk models
A comprehensive research project was recently completed in Finland concerning the solvency conditions of insurers in general, and some related problems such as the dimensioning of the fluctuation buffer (equalization reserve) in particular. Empirical ... read more >>
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General insurance expenses
The overall cost in expense terms of running an insurance operation is the total of the amount of management expenses incurred and of the commission paid to intermediaries. The commission offered by an insurance company in respect of a particular type ... read more >>
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The actuary's role in developing countries
Presented to the Institute of Actuaries Students' Society on 5th January 1982 THE ACTUARY'S ROLE IN DEVELOPING COUNTRIES by M.Arnold BSc, FIA THE ACTUARY'S ROLE IN DEVELOPING COUNTRIES Presented to The Institute of Actuaries Students1 Society 5th ... read more >>
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The actuary's role in developing countries
Presented to the Institute of Actuaries Students' Society November 1980 THE FINANCIAL MANAGEMENT OF A DEVELOPING LIFE OFFICE by D. J. LeGrys FIA FOREWORD The Financial Management of a Developing Life Office was produced in 1979 and was principally ... read more >>
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Analysis of bonus systems in motor insurance
A continuous time Markov Chain model is proposed for the analysis of bonus systems in motor insurance which as a particular merit takes explicitly into account the effect of cancellation of policies. Most analysis of bonus systems treat these as ... read more >>
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A note on the theory and practise of multiplicative rate making
A NOTE ON THE THEORY AND PRACTISE OF MULTIPLICATIVE RATE MAKING Björn Ajne 0. Introduction A tarif is a rule for the division of an insurance portfolio into disjoint classes or cells, and an assignment of a premium f to each cell c. c The premiums fc ... read more >>
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Valuation of final-salary pension schemes
On coming into pensions consultancy after many years in a life office I looked for an indication of current thinking on the valuation of funded pension schemes. Official guidance by the profession is confined to the 1969 booklet from the Institute and ... read more >>
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The span of life
This paper originated with a sense of irritation at the way in which the graduation of age rates of mortality has become more and more complicated by the apparent determination to assume some underlying law of mortality, a law which could not possibly be ... read more >>
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Notes on actuarial education
These notes are intended as an introduction to the Faculty discussion on actuarial education. They are presented by the authors separately and personally, but solely as introductory notes, rather than as actuarial papers which might represent their ... read more >>
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The European ideal and the political reality (Alfred Watson Memorial Lecture)
ALFRED WATSON MEMORIAL LECTURE THE EUROPEAN IDEAL AND THE POLITICAL REALITY BY DR OTTO VON HABSBURG [An edited version of the lecture delivered at the Institute on 22 February 1982] IT is quite certain that there is, at least in our mass media, a ... read more >>
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Indexing long-term financial contracts
The prime purpose of the paper is to present the case for the issue of long term index-linked stocks by the government and by other borrowers, for the issue of index-linked life assurance and annuity contracts by life offices and for the index-linking of ... read more >>
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Modelling the gilt edged market
Presented to the Institute of Actuaries Students' Society on 2nd November 1982 MODELLING THE GILT EDGED MARKET by G. B. Chaplin Modelling the Gilt Edged Market by G. B. Chaplin, D. Phil, F.F.A., F.R.S.S. Presented to the Institute of Actuaries ... read more >>
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The education and training of actuaries
The title of this note encompasses such a wide range of topics as to be beyond the scope of a single paper. The purpose of the note is therefore restricted to providing a framework for an Institute discussion. It lays no claim to being a paper in the ... read more >>
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GN3: Certificates for Occupational Pensions Board. Version 1.1 [1982-1983]
This pensions Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. Faculty and Institute of ... read more >>