Financial planning working party report

Document description

Adaptive Control: reviews some of the recent work in this field, particularly in Australia.Discounting and Inflation: continues the theme of a GIRO 22 paper (itself a contribution to this year's discussions) by looking at the way current revenue accounting distorts profitability.Capital Allocation : explores the controversy of whether or not to allocate capital by class or profit centre. Concepts of Profit in the Context of Non-Life Insurance: summarises the ways in which the accountancy profession has been developing the concept of profit.Reinsurance : Sustainable Growth of Funded Accounts: explores the particular problems of determining sustainable growth rates in the funded accounts that reinsurers, Marine and Aviation insurers adopt.Investment Policy of GI Companies - Practice and a Little Theory: draws on a range of material to compare the current investment holdings of the seven major compositesFinancial Planning in Composite Offices conducting mainly Life Business: considers the problems of a profitable Life company diversifying into general business.