Insurance as a capital project

Document description

Actuarial techniques coupled with the "big picture" knowledge base of actuaries make the actuary extremely well placed to add value when it comes to appraising capital projects.Ordinarily when the words "insurance" and "capital projects" are used together, the writer is referring to the purchase of an insurance policy to transfer or share some of the capital project risk with an insurer. The objective of this paper is to consider whether added insight can be gained into the likely future performance of an insurance company by treating it as a capital project.