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Investment Risks Working Party report
An insurance company must maintain sufficient reserves and provisions to cover the following risks: Technical Risks; Investment Risks and Other Risks. There were three working parties, each one concentrating on one of the above three categorisations. The ... read more >>
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Catastrophes and catastrophe insurance
CATASTROPHES AND CATASTROPHE INSURANCES by J. E. LOCKETT (A paper presented to the Institute of Actuaries Students' Society on 18 March, 1980) 1. INTRODUCTION 1.1 This paper focuses on sections of the insurance industry which are not often widely ... read more >>
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Experience rating
For this paper it was decided to take as a guideline, not necessarily a definition, that experience rating means, "The modification of a rate-book (we prefer to call it a manual) premium to give some recognition to the observed experience being ... read more >>