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Author:
Life Office Taxation Working Party\; Paul Turnbull

Contingent loans - the good, the bad and the ugly

The Finance Act 2003 introduced more change to the taxation of life business. Many of those changes were aimed at preventing perceived abuse of tax legislation. One such change affects the taxation of companies that have contingent loans. Contingent loans ... read more >>

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Author:
Nigel Gillott; David Slater
Source:
General Insurance Convention 2003

The new FSA capital requirements

A\C:\Emma\website\proceedings\giro2003\gillott.doc General Insurance Convention, 14-17 October 2003, Cardiff The New FSA Capital Requirements Nigel Gillott and David Slater This workshop, delivered by the authors of the actuarial report which was ... read more >>

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Author:
Darren Michaels, Anthony Williams
Source:
General Insurance Convention 2003

UK & European asbestos (slides)

1 UK & European Asbestos GIRO XXX 2003 Convention Darren Michaels & Anthony Williams 14-17 October 2003 City Hall, Cardiff 2 UK & European Asbestos ■ Background ■ Exposures ■ Diseases ■ Asbestos Compensation Systems across Europe ■ ... read more >>

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Author:
Seamus Creedon
Source:
General Insurance Convention 2003

Capital assessment (slides)

1 Capital Assessment Workshop / discussion GIRO 2003 Working Party members Seamus Creedon (chairman) Alan Chalk Mark Chaplin James Goodchild Trevor Jones Steve Postlewhite Gillian Powls Tim Sheldon James Tuley Jim Webber Colin Wilson Objective • To ... read more >>

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Author:
Gregory Overton, Darren Michaels
Source:
General Insurance Convention 2003

US asbestos (slides)

1 US Asbestos GIRO XXX 2003 Convention Gregory Overton & Darren Michaels 14-17 October 2003 City Hall, Cardiff The views expressed in this presentation are generally those of the individual presenters and not the companies that they represent, ... read more >>

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Author:
Douglas Collins; David Powell
Source:
General Insurance Convention 2003

Worldwide actuaries. Separated by a common set of standards and practices (Slides)

GIRO XXX 2003 Convention Worldwide Actuaries… Separated by a common set of standards and practices David Powell and Douglas Collins 14-17 October 2003 City Hall, Cardiff Title ASOP 36 • Statements of Actuarial Opinion Regarding Property/Casualty ... read more >>

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Author:
David Sanders
Source:
General Insurance Convention 2003

Extreme events part 2. Financial catastrophes. The overthrow of modern financial theory

General Insurance Convention, 14-17 October 2003, Cardiff Extreme Events Part 2 Financial Catastrophes The Overthrow of Modern Financial Theory Working Party Chair David Sanders 1. Introduction 2. Are Financial Risks insurable? 3. ... 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:
Catherine Cresswell
Source:
General Insurance Convention 2003

Clearer Communication Working Party report

General Insurance Convention, 14-17 October 2003, Cardiff The Clearer Communication Working Party Catherine Cresswell Neil Hilary Mark Malone Jenny Wong Key words: communication, reserve strength, IBNR Report of the working party The ... read more >>

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Author:
James Orr, Bozena Piniecka, Sean Choi
Source:
General Insurance Convention 2003

The overhaul of Lloyd's realistic disaster scenarios: 2003 update

This paper has been produced by the members of the Loss Modelling Team within the Risk Management Division of Lloyd’s, which is a new team with responsibility for improving the quantification of risk within the Franchise (i.e. within both the Franchisor, ... read more >>

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Author:
Nino Savelli
Source:
General Insurance Convention 2003

A risk theoretical model for assessing the solvency profile of a general insurer

A risk theoretical simulation model is here applied in order to assess the default risk of a general insurer along a medium-term time horizon. Different ruin barriers are regarded and by the results of the simulation model is then built up a Risk vs ... read more >>

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Author:
Timothy Tetlow
Source:
General Insurance Convention 2003

A Multi-model approach to catastrophe aggregate distributions; and The construction of a life and PA cat model from a WC cat model natural perils

General Insurance Convention, 14-17 October 2003, Cardiff Timothy Tetlow Part 1 - A Multi-model approach to catastrophe aggregate distributions Why is this necessary? One may consider that one proprietary cat model has a better view of a peril or ... read more >>

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Author:
Louise Pryor; Richard Shaw
Source:
General Insurance Convention 2003

Operational risk

General Insurance Convention, 14-17 October 2003, Cardiff OPERATIONAL RISK WORKSHOP Louise Pryor & Richard Shaw This workshop will provide an overview of issues affecting the management of operational risk in a general insurance ... read more >>

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Author:
Seamus Creedon
Source:
General Insurance Convention 2003

Risk and capital assessment and supervision in financial firms : 2nd Interim Working Party report

RISK AND CAPITAL ASSESSMENT AND SUPERVISION IN FINANCIAL FIRMS 2N D INTERIM WORKING PARTY REPORT G E N E R A L I N S U R A N C E R E S E A R C H O R G A N I S A T I O N G I R O 2 0 0 3 ... read more >>

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Author:
Richard Shaw
Source:
General Insurance Convention 2003

Stress testing and scenario analysis

General Insurance Convention, 14-14 October 2003, Cardiff Stress Testing and Scenario Analysis Workshop Richard Shaw This workshop will provide an overview of stress testing and scenario analysis for a general insurance company. In ... read more >>

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Author:
Graham Lyons
Source:
General Insurance Convention 2003

Aviation: current reinsurance programme [slides]

S:\06 Professional Bodies\Institute of Actuaries\Seminars-Conferences\GIRO XXX Cardiff\GL_Aviation.ppt The Actuarial Profession making financial sense of the future GIRO XXX 2003 Convention Aviation: Current Reinsurance Programmes Graham Lyons S:\06 ... read more >>

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Author:
Hans Waszink
Source:
General Insurance Convention 2003

A global framework for insurer solvency assessment

This paper is available for qualified actuaries on the IAA website This paper is available for qualifed actuaries on the HYPERLINK "http://www.actuaries.org/" \t "external" IAA website ... read more >>

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Author:
Chris Waites; Cormac Bradley
Source:
General Insurance Convention 2003

Financial guarantee business. Time for a reality check (Slides)

Financial Guarantee Business Time for a Reality Check Chris Waites Cormac Bradley GIRO Conference 14-17 October 2003 Last Year – State of the ART ■ Securitisation ■ Modelling the asset ■ Structural issues ■ The rating process ■ Case study – ... read more >>

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Author:
Doug Collins
Source:
General Insurance Convention 2003

US D&O and PI (Slides)

GIRO XXX 2003 Convention US D&O and PI 14-17 October 2003 City Hall, Cardiff Doug Collins Tillinghast – Towers Perrin 71 High Holborn London WC1V 6TH 0207 170 2162 GIRO XXX 2003 Convention US D&O, E&O and Med-Mal Liability Douglas ... read more >>

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Author:
Cheryl Russell
Source:
General Insurance Convention 2003

Coping with domestic problems - household help. Do you know your household insurance?

General Insurance Convention, 14-17 October 2003, Cardiff Coping with Domestic Problems- Household Help Do you know your household insurance? This workshop is to be presented by Cheryl Russell, Uma Baska and Susan Ley, with input from Martyn Green ... read more >>