Completed research
Previously, funds were awarded to research grant applications determined by the Research Steering Committee. Funds totalling approximately £750,000 have been awarded from 1996 to 2008, enabling the profession to support 78 small short-term projects of actuarial relevance.
List of completed research projects.
Outputs can be found by searching the Document Library.
Collaborative Research with EPSRC
Listed here are completed research projects which were co-funded by the Institute and Faculty of Actuaries and the Engineering and Physical Sciences Research Council (EPSRC)
Quantitative Finance Initiative
Completed Faculty of Actuaries in Scotland Working Parties
Investment Research Group - Completed 2003
Assessing the effects of buybacks on investment trust discounts
Chair: Brian Moretta
Other members: Andy Adams, David Bowie, Phil Cresswell, Frank Devlin, Roddy Macpherson
Corporate diversity and the provision of financial services - Completed 2002
Corporate diversity and the provision of financial services (in: BAJ 8(4) (2002) p.643-704)
Chair: David Hare
Other members: Philippe Guijarro
Ancillary and Residual Risks in VA's - Completed 2008
Residual and ancillary risks in VA guarantees
Chair: James Maher
Other members: Tamsin Abbey, Catherine Henshall, Colin Murray
Complexity economics - application and relevance to actuarial work - Completed 2008
Complexity economics. Application and relevance to actuarial work
Agent-based modelling (handouts)
Chair: Andrew Slater
Other members: Andrew Smith, Nick Slater
Controlling the growth of your hedge - Completed 2008
Controlling the growth of your hedge. Draft Report
Controlling the growth of your hedge (handouts)
Chair: Stuart Jarvis
Other members: Peter Ridges, Anthony Earnshaw
Life Securitisation - Learning from the US and the Property and Casualty Sectors - Completed 2008
Securitisation of non-life insurance
Chair: Michael Eakins
Other members: Carmela Calvosa, Colm Guiry
Stress Tests for Investment Risks - Model Assumptions - Completed 2008
Components of yield curve movements. Illustrative worked examples
Chair: Ralph Frankland
Other members: Kieran Barnes, Enrico Biffis, David Dullaway, Andy Holtham, Ian Marshall, Andrew Smith, Elliott Varnell, Tim Wilkins
The Memorial Prize Fund
Details of the fund, and of the outstanding research papers which have been awarded prizes