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Author:
Ioannis Kotsianos
Source:
GIRO40

Plenary 2 - Ioannis Kotsianos

1 Putting models to work – practical connections Ioannis Kotsianos, Group Risk GIRO40, October 2013 2 Part I Part I – Putting models into context Part II – Practical examples of model use 1. Focus on exposure 2. Effective links to ... read more >>

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Author:
Charl Cronje and Richard Holloway, Lane Clark & Peacock LLP
Source:
GIRO40

E09 - Capital modelling - what you can learn from other professions

1 E9: Capital modelling - what you can learn from other professions Richard Holloway and Charl Cronje 10 October 2013 Presenters Charl Cronje Partner Richard Holloway Senior Consultant 2 Agenda Introduction Other professions  ... read more >>

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Author:
Jens Perch Nielsen, Cass Business School and María Dolores Martínez-Miranda, Cass Business School
Source:
GIRO40

E03 - Don’t throw the baby out with the bathwater

17/09/2013 1 GIRO40 8 – 11 October, Edinburgh Don't throw the baby out with the bathwater Going granular in reserving and respecting the conventional chain ladder approach María Dolores Martínez-Miranda Jens Perch Nielsen Cass Business ... read more >>

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Author:
Ben Zehnwirth, Insureware Pty Ltd
Source:
GIRO40

D02 - Correlations between long tail LOBs, common drivers and a single composite model for multiple LOBs

15/10/2013 1 GIRO40 8 – 11 October, Edinburgh Long tail liabilities (LOBs) • Correlations • Accident year drivers • Calendar year drivers • Seemingly Unrelated Regressions(SUR) • Single composite model for multiple LOBs • Risk Capital ... read more >>

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Author:
Adrian Leonard, Centre for Financial History and Louise Pryor, Centre for Risk Studies
Source:
GIRO40

C11 - The leading edge of risk research

14/10/2013 1 The leading edge of risk research: projects and progress at the University of Cambridge Louise Pryor Adrian Leonard Outline  A tale of two centres  Risk and uncertainty  System shock and emerging risks 2 14/10/2013 2 ... read more >>

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Author:
Harish Gohil and Martyn Street, Fitch Ratings
Source:
GIRO40

C02 - Reinsurance challenges and expectations for 2014

10/14/2013 1 Reinsurance Challenges & Expectations for 2014 A Rating Agency Perspective Martyn Street, Director Harish Gohil, Managing Director 10 October 2013 Agenda Rating Outlook Expectations and Observations Reinsurance Risk Radar ... read more >>

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Author:
Charles More, The Actuarial Consultants Ltd and other members of the Emerging Mobile Technology Working Party
Source:
GIRO40

B09 - Emerging mobile technology

14/10/2013 1 GIRO40 8 – 11 October, Edinburgh Emerging Mobile Technologies Report of the Emerging Mobile Technologies GIRO Working Party Charles More - Chairman 14 October 2013 14/10/2013 2 Agenda 14 October 2013 3 • The Insurance ... read more >>

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Author:
Cherry Chan, Barnett Waddingham; Tim Jordan and James Turner, The Medical Defence Union
Source:
GIRO40

B08 - Bodily injury – where next?

14/10/2013 1 GIRO40 8 – 11 October, Edinburgh Bodily Injury – Where next? Tim Jordan – The MDU Cherry Chan – Barnett Waddingham James Turner – The MDU 14 October 2013 14/10/2013 2 14 October 2013 3 Expressions of individual views by ... read more >>

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Author:
Gareth Mee and Andrew Stoker, Ernst & Young LLP
Source:
GIRO40

B05 - New investment strategies for general insurers

14 October 2013 1 Illiquid Assets – Key considerations for general insurance investors October 2013 Agenda  Illiquid assets – the opportunity  Addressing the challenges  Managing liquidity  Modelling illiquid assets  Discussion ... read more >>

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Author:
David Edison, Moore Stephens LLP; Steve Hill, Lane Clark & Peacock LLP; Richard Kelsey, Equity Group and Heidi Whitlow, GAD
Source:
GIRO40

A10 - Would you fly Air Actuary?

30/09/2013 1 GIRO40 8 – 11 October, Edinburgh Would you fly Air Actuary? IFoA Working Party: Spreadsheet Models: Governance, Risk & Control David Edison, Moore Stephens LLP Steve Hill, LCP Richard Kelsey, Equity Group Dr Heidi ... read more >>

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Author:
Catherine Drummond and Phil Ellis, Lane Clark & Peacock LLP
Source:
GIRO40

A09 - What can we learn from “Aussie Rules”?

1 Phil Ellis & Catherine Drummond 9 October 2013 GIRO workshop A9 What can we learn from Aussie Rules? 2 Background LCP has advised clients in Australia for decades Including Appointed Actuary roles Actuarial specialist but ... read more >>

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Author:
Ji Yeo
Source:
GIRO40

A Report from GIRO Advanced Pricing Techniques (APT) Working Party

This paper examines in details six overlooked facts of using generalized linear models (GLMs) for non-life pricing and discusses whether the use of GLMs is still fit for purpose in a competitive market. The six facts of GLMs discussed are 1. Either zero or ... read more >>

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Author:
Paul Kaye
Source:
GIRO40

Plenary 2 - Paul Kaye

1 Case Study: Informing Reinsurance Decisions GIRO40 October 2013 Paul Kaye 1 Reinsurance decision making influences Decision Capacity requirements Risk Understanding Risk Appetite Theoretical solutions Market Appetite 2 2  ... read more >>

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Author:
Marion Gremillet, Pierre Miehé and José Luis Vilar Zanón
Source:
GIRO40

Reversible Jump Markov Chain Monte Carlo method

Calculating deterministic reserves is no longer sufficient in our times of enhanced Risk Management. Today, Insurers strive to have a complete view of the risk underlying reserves valuation: therefore stochastic projection methods become central to today’s ... read more >>

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Author:
Corina Constantinescu, University of Liverpool and Joseph Lo, Aspen
Source:
GIRO40

E11 - Presentation Spreedsheet

Literature\Quartic function - Wikipedia, the free encyclopedia.mht RuinTheoryStarterKit1 Spreadsheet demonstrating some ideas in: This spreadsheet demonstrate the classical ruin theory model with mixed exponential claim severity ... read more >>

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Author:
Joseph Lo and Corina Constantinescu
Source:
GIRO40

Ruin Theory Starter Kit #1

The aim of the paper is to provide general insurance actuaries a starting point for evaluating and engaging with ruin theory in a practical manner. Towards this goal, the paper undertakes three tasks. First, it sets out the basic mathematical principles ... read more >>

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Author:
Corina Constantinescu, University of Liverpool and Joseph Lo, Aspen
Source:
GIRO40

E11 - Ruin Theory Starter Kit #1

Ruin Theory Starter Kit #1 The Classical Model with Mixed Exponential Claims Corina Constantinescu Joseph Lo Abstract The aim of the paper is to provide general insurance actuaries a starting point for evaluating and engaging with ruin ... read more >>

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Author:
Solvency II Technical Provisions Working Party
Source:
GIRO40

Solvency II Technical Provisions for General Insurers

Solvency II Technical Provisions for General Insurers by the Institute & Faculty of Actuaries General Insurance Reserving Oversight Committee’s Working Party on Solvency II Technical Provisions: Susan Dreksler (Chair), Christopher Allen, ... read more >>

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Author:
Ji Yao
Source:
GIRO40

C06 - Generalized Linear Models for Non-life Pricing

Generalized Linear Models for Non-life Pricing - Overlooked Facts and Implications A Report from GIRO Advanced Pricing Techniques (APT) Working Party - Ji Yao August 2013 2 / 30 Abstract This paper examines in details six overlooked ... read more >>

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Author:
Actuaries of Smaller Insurers Working Party Report
Source:
GIRO40

B07 - Big things come in small packages

Working Party Report v016.docx Page 1 of 37 Actuaries of Smaller Insurers Working Party Report, GIRO 2013 Big things come in small packages Members of the working party Conor Dolan (chair) Cameron Heath Warren Hetz Sameer ... read more >>