Financial planning (1977)

Document description

The first section of this report is a useful paper showing how similar blocks of business would appear using one-year and three-year accounting conventions. A second section is a look at the sort of profit objectives which could be set and how such objectives might vary by class, including any specific problems relating to expense and investment income allocation. The third section of the report looks at a computer projection model and the "systems environment in which this model is used", emphasising that the environment and the lines of responsibility are crucial in the practical use of any model. Finally there is consideration of how an insurer should set its investment policy and what in practice the seven quoted composites appear to have done.