Document library
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Doing an ICA [slides]
31st ANNUAL GIRO CONVENTION 12-15 October 2004, Hotel Europe, Killarney, Ireland Doing an ICA Some examples for those who are setting out ?Laurence Lee-Tsang-Tan ?Julian Leigh ?John Rowland Risk Measurement Risk Measurement Contents Risk ManagementRisk ... read more >>
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Bayesian credibility for excess of loss reinsurance rating
This paper discusses how to derive a credibility weight between exposure- and experience-driven rates for excess of loss reinsurance. The exposure rate comes from a Poisson-Pareto model, each with a prior Gamma distribution. Bayesian Credibility for ... read more >>
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Update from the IAS Working Party
1 International accounting standards working party 31st annual GIRO convention 12-15 October 2004 Hotel Europe Killarney, Ireland IAS Working Party 2004 What the paper covers: (☺ means in today’s presentation) ? Report on IFRS 4 – implementing Phase ... read more >>
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General Insurance Professional Issues update [slides]
1 Professional Issues Working Party 31st Annual GIRO Convention 12-15 October 2004 Hotel Europe Killarney, Ireland Agenda ? What we thought ? What kept you awake at night? ? Feedback from the case studies ? Opportunity for questions/comments What we ... read more >>
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Exits from run-off
1 © Nigel Montgomery, DLA BY NIGEL MONTGOMERY, HEAD OF THE INSURANCE AND RISK SOLUTIONS TEAM AT DLA Exits from Run-Off Article GIRO Convention 2004 Given the sheer scale of the world’s insurance and reinsurance business that is in run-off it ... read more >>
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A view from Down Under. Recent developments in general insurance actuarial work in Australia [slides]
1 A View from “Down Under” Recent Developments in General Insurance Actuarial Work in Australia Dave Finnis, IAG Agenda • The Approved Actuary Role • Background • July 2002 Reforms • Practical Issues in Developing the Role • HIH – Professional ... read more >>
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DLA's experience in connection with solvent schemes for pools
DLA'S EXPERIENCE IN CONNECTION WITH SOLVENT SCHEMES FOR POOLS Nigel Montgomery 2004 GIRO Convention, Killarney, Ireland CONTENTS 1. Introduction Page 1 2. I&RS Team Page 1 3. Background Page 2 4. ... read more >>
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UK asbestos - the definitive guide
The estimated future cost to the UK insurance industry of asbestos-related claims is £4-£10b. Well over half of this relates to mesothelioma claims, numbers of which are predicted to continue to rise for the next ten years. By contrast, claims for other ... read more >>
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M&A in the insurance market - a revivial?
1 33rd ANNUAL GIRO CONVENTION A postcode from the industry Andrew Pryde & James Toller Hilton Vienna Hotel, Am Stadtpark A postcard from the industry A ndrew Pryde Giro Linking business processes What are we trying to achieve? Which approach? How ... read more >>
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Actuarial Opinion Survey 2002. The final results [slides]
1 ACTUARIAL OPINION SURVEY 2002 The Final Results 73= Matthew Byrne 95 73= Katie Carmona 95 73= Chris Mellor 95 76= Ryan Warren 90 76= Helen Bradley 90 76= David Brown 90 79= Martin Cross 85 79= Louise Pryor 85 79= David Hart 85 82= ... read more >>
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Solvency II - The potential impact ... and how actuaries can contibute to the new European regime
Aggregation, Correlation, Diversification and Group Issues Annette Olesen, PwC Source: CRO Forum A framework for incorporating diversification in the solvency assessment of insurers Implicit vs explicit correlations? Levels of correlations to take ... read more >>
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The Irish perspective
1 31st ANNUAL GIRO CONVENTION 12-15 October 2004, Hotel Europe, Killarney, Ireland The Irish Perspective Pat Healy President—Society of Actuaries in Ireland Themes ? Introduction ? Non-life market in Ireland ? Certification of reserves ? Compliance ... read more >>
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Closing the captives
1 CLOSING THE CAPTIVES Nigel Montgomery and Ian Clark look at the issues facing captives in run-off GIRO Convention 2004 Companies and groups often own captives which are no longer actively used and which wrote business not only within their ... read more >>
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Valuing reinsurance from a buyers' perspective [slides]
1 31st ANNUAL GIRO CONVENTION 12-15 October 2004, Hotel Europe, Killarney, Ireland Valuing Reinsurance from a Buyer’s Perspective Simon Pollack HSBC Insurance Brokers Ltd simon.pollack@hsbc.com, +44 20 7661 2492 Dean Dwonczyk Paterson Martin ... read more >>
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That was the year that was [handouts]
1 That was the year that was Armoghan Mohammed and James McPherson 12-15 October 2004, Hotel Europe, Killarney, Ireland Profitability: Boom/Bust Underwriting US P/C Combined Ratio 2001 = 115.7 2002 = 107.2 2003 = 100.1 2004: Q1 = 93.3 Sources: A.M. ... read more >>
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Run-off scheming
Article by from Reinsurance Magazine, October 2004, submitted as background reading to Nigel Montgomery's session on the development of solvent schemes for pools ... read more >>
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Lloyd's market result forecasts, or who needs actuaries? [slides]
1 31st ANNUAL GIRO CONVENTION 12-15 October 2004, Hotel Europe, Killarney, Ireland Lloyd’s Market Result Forecasts Or Who Needs Actuaries? Mark Graham Chaucer Holdings PLC Development of Mid-Point Forecasts -25% -20% -15% -10% -5% 0% 5% 10% 15% 18 ... read more >>
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Solvency II - The potential impact ... and how actuaries can contibute to the new European regime
Aggregation, Correlation, Diversification and Group Issues Annette Olesen, PwC Source: CRO Forum A framework for incorporating diversification in the solvency assessment of insurers Implicit vs explicit correlations? Levels of correlations to take ... read more >>
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Solvency II - The potential impact ... and how actuaries can contribute to the new European regime [slides]
Solvency II – The Potential Impact … and how actuaries can contribute to the new European regulation Annette Olesen 14 October 2004 Content of this presentation ? Solvency II overview ? Solvency II development and consultation ? CEIOPS request ? ... read more >>
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International accounting standards for general insurance
1 of 40 IAS GIRO 2004 GIRO October 2004 International accounting standards for general insurance Gladys Hosken Julian Leigh Mark Malone Alex Marcuson Erica Nicholson Tim Rogerson Martin White (Chair) ... read more >>