General Insurance Convention 1975
Windermere, 1975
Catastrophe Study Group. - General Insurance Study Group. 16 pages.
A catastrophe can arise from either natural phenomena or man-made hazards. It was decided to concentrate our efforts initially on earthquake, windstorm and inundation. Three separate reports form this paper.
Market statistics. - General Insurance Study Group. 20 pages.
Following the meeting at Norwich the Working Party on Market Statistics considered that the most valuable contribution they could make was to bring together information on the availability and quality, of statistics in the main insurance markets around the world. Attached is a short note on the UK position, summarising the situation which will be fairly well known to UK actuaries. A comprehensive note on the USA, plus notes on other major territories, are also attached. As might be expected, the collection, collation and availability of figures in the USA is a long way ahead of most other territories in quality but they meet with the same problems as other parts of the world in producing actuarially reliable data.
The new general insurance textbook. - General Insurance Study Group. 1 page.
Report of the Working Party on Motor Data Base and Statistics. - General Insurance Study Group. 84 pages.
This paper is divided into two parts. The first considers the problems involved from the moment that a vehicle owner decides to apply for cover on one or more vehicles, through the resulting documentation to the recording on the computer of some of the information as well as subsequent changes to the details of the cover, the incidence and settlement of claims and the eventual termination of the cover. The second deals with the analysis of the records so created with particular reference to marketing, to premiums and profits, and to statutory returns.
Technical Reserves Working Party. - General Insurance Study Group. 37 pages.
This paper is the first of a series of papers to be produced by the technical reserves working party. The main object of these papers is to describe methods which can be used to estimate technical. reserves in general insurance having made due allowance for the various circumstances experienced in practice. Explanatory comments will be provided to assist the user in selecting and applying the different methods described.
At the request of members of the general insurance study group the first paper has been restricted to the subject of estimating reserves for claims which have been incurred but have not been reported (IBNR).