Document library
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- Author:
- Rob Cowley (Chairman)
- Source:
- General Insurance Convention 2002
UK household: floods, inflation and under-insurance. Working party report
With the exception of the severe floods in October 2000, recent Household claims experience has been benign. However, this is deceptive; the underlying cost of Household claims has been increasing rapidly, fuelled by rising domestic consumption and a ... read more >>
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- Author:
- Aurelie Despeyroux; Charles Levi; Christian Partrat
- Source:
- General Insurance Convention 2002
IAS - New actuarial techniques required [Slides]
* abcd GIRO XXIX 2002 Convention 8-11 October 2002 Disneyland® Resort Paris * IAS NEW ACTUARIAL TECHNIQUES REQUIRED A. DESPEYROUX C. LEVI C. PARTRAT 10,11 October 2002 * Agenda Introduction Run off Triangle Cash Flows Stochastic ... read more >>
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- Author:
- Justin Skinner
- Source:
- General Insurance Convention 2002
Practical stochastic reserving
This workshop will concentrate on the practical implementation of stochastic reserving techniques to general insurance data. In particular, the workshop presentation will discuss: published methods, practical difficulties with published methods, some ... read more >>
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- Author:
- Ana Mata; Brian Fannin; Mark Verheyen
- Source:
- General Insurance Convention 2002
Pricing excess of loss treaty with loss sensitive features: an exposure rating approach (slides)
1 Pricing excess of loss treaty with loss sensitive features: an exposure rating approach by Ana J. Mata Brian A. Fannin Mark A. Verheyen The problem Given: – The expected loss cost for the treaty. – The characteristics of the portfolio of policies: ... read more >>
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- Author:
- Peter Hinton
- Source:
- General Insurance Convention 2002
FSA financial resource requirements
This session relates to the proposed new rule contained in the FSA's CP97 at PRIR 2.3.1 FSA Financial Resource Requirements (Workshop - 2002 GIRO Convention, Disneyland Resort Paris) This session relates to the proposed new rule contained in the FSA’s ... read more >>
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- Author:
- Catherine Cresswell
- Source:
- General Insurance Convention 2002
Fair value accounting and risk margins
The workshop presentation will discuss: What are the proposals. Choice of sub-divisions. Theoretical approaches. Practical examples Workshop: Fair Value Accounting Risk Margins Catherine Cresswell The workshop presentation will discuss: What are the ... read more >>
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- Author:
- Dave Sanders
- Source:
- General Insurance Convention 2002
The World Trade Center. An update [slides]
1 GIRO XXIX 2002 Convention 8-11 October 2002 Disneyland® Resort Paris World Trade Center An Update David Sanders Last Years summary and Update Original Revised Current Low Current High Aviation Hull 1.0 0.8 1.0 Property ... read more >>
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- Author:
- Gerald Kirschner; Colin Kerley; Belinda Isaacs
- Source:
- General Insurance Convention 2002
Two approaches to calculating correlated reserve indications across multiple lines of business
As reserving actuaries focus more on reserve ranges and less on point estimates, the question of how to develop a reasonable reserve range in the aggregate becomes more and more relevant. When working with a single set of 'best estimates', the answer is ... read more >>
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- Author:
- Duncan Anderson
- Source:
- General Insurance Convention 2002
Postcode zoning in personal lines rating
This workshop will consider how spatial smoothing techniques can be used to assess better how risk varies by postcode. The workshop presentation will discuss: current discrepancies in the way in which insurers rate by postcode, a possible spatial smoothing ... read more >>
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- Author:
- Gionta Giuseppe
- Source:
- General Insurance Convention 2002
Insurance World 2: a complex model for managing risk in the age of globalization
Iw2 focuses on issues associated with managing the total risk within an enterprise including the risks (insurable,f inancial and investment) associated with large losses using the modern science of complexity. INSURANCE WORLD 2 A COMPLEX MODEL FOR ... read more >>
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- Author:
- Mark Butterworth
- Source:
- General Insurance Convention 2002
Corporate risk management: the growing importance of risk data analysis [slides]
The Growing Importance of Risk Data Analysis. There is a growing demand in corporate governance practices for more effective risk management. Risk management methodologies require effective risk identification, without which the steps taken to analyse ... read more >>
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- Author:
- Stuart Wrenn
- Source:
- General Insurance Convention 2003
Developing relationships with underwriters
General Insurance Convention, 14-17 October 2003, Cardiff Developing relationships with underwriters Working Party Stuart Wrenn (Chairman) Andrew Couper Elizabeth Edwards Patrick Grealy Thomas Harris David Hart Susan Ley Keywords ... read more >>
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- Author:
- Andrew Newman
- Source:
- General Insurance Convention 2002
Using the work of other professionals
USING THE WORK OF OTHER PROFESSIONALS ANDREW NEWMAN Workshop advance paper In 2001, the General Insurance Board called for a working party to be set up to study the issue of the division of responsibility between professionals, presumably in response to ... read more >>
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- Author:
- Neil Bruce; Andy Macnair (Chairman); Geoff Perry; Alessa Quane; Cheryl Russell; Richard Shaw; Laurence Townley
- Source:
- General Insurance Convention 2002
Loss portfolio transfers. 2002 GIRO working paper
This paper discusses the most common types of loss portfolio transfer (LPT) and the motives behind the structure selected. It examines pricing considerations and methods. It looks at the impact on policyholders, regulatory authorities, auditors, tax ... read more >>
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- Author:
- Justyn Harding, Matthew Maddocks, Gaynore Moss, Andrew Pryde
- Source:
- General Insurance Convention 2002
Aviation insurance. Working party report
The paper briefly describes the main sectors of the airline insurance market, and the factors that are determining results in this area. In particular, the after effects of September 11th are considered in some detail. The Working Party suggests changes ... read more >>
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- Author:
- Andrew Newman
- Source:
- General Insurance Convention 2002
Using the work of other professionals
USING THE WORK OF OTHER PROFESSIONALS ANDREW NEWMAN Workshop advance paper In 2001, the General Insurance Board called for a working party to be set up to study the issue of the division of responsibility between professionals, presumably in response to ... read more >>
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- Author:
- Catherine Cresswell
- Source:
- General Insurance Convention 2002
Fair value accounting and risk margins
The workshop presentation will discuss: What are the proposals. Choice of sub-divisions. Theoretical approaches. Practical examples Workshop: Fair Value Accounting Risk Margins Catherine Cresswell The workshop presentation will discuss: What are the ... read more >>
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- Author:
- Graham Lyons, Will Forster, Paul Kedney, Ryan Warren, Helen Wilkinson
- Source:
- General Insurance Convention 2002
Claims Reserving Working Party paper
The purpose of the paper is to provide practical guidance on general insurance claim reserving from the following viewpoints: Providing a framework or working guide to the execution of reserving. Section 2 gives guidance on the factors which should be ... read more >>
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- Author:
- Julian Lowe (Chairman)
- Source:
- General Insurance Convention 2002
The cost of compensation culture. Working party report
This paper considers what is 'Compensation Culture'. We've reviewed a range of events for which compensation is paid and have estimated what these cost UK plc. The ball-park 'cost of compensation' is roughly £10bn per year, over 1% of GDP. This cost has ... read more >>
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- Author:
- Roger Massey
- Source:
- General Insurance Convention 2002
Insurance company failure
The aim of this paper is to provide the reader with a strong insight into the reasons why insurance companies fail. No company can be considered beyond the possibility of failure and for insurance companies, whose business is covering the risks of others, ... read more >>