Actuarial reporting in general insurance

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Actuarial reporting in general insurance is a topic that the Convention has considered on several occasions in the past, although 1988/9 was perceived, quite rightly, to be a period of heightened activity and debate. In a letter dated 20 July 1988, Geoff Hunt invited observations concerning the role of DTI returns from the Institute of Actuaries and the insurance industry in general as part of a review commissioned by the government. Exhibit 1 displays a copy of this letter from Geoff Hunt, who was seconded to the DTI to carry out the review. A separate working party was established to look at possible changes to the specific content of DTI returns and its relevance.