General Insurance Convention 1978
Brockenhurst, 1978
Fleet rating. - General Insurance Study Group. 32 pages.
A working party has been examining the practices of parts of the fleet market in the United Kingdom and considering the logical basis for the procedures adopted.
General insurance accounting. - General Insurance Study Group. 17 pages.
In previous years much of the work undertaken by the working parties on Financial Planning has, in the event, been concerned with Management Accounting rather than Planning as such. The working party this session decided to look specifically at Accounting in its main report with a view to providing a base for subsequent work within the area of Financial Planning. The paper seeks to provide a brief survey of current practice and understanding, and consequently is not intended to say anything new. It is assumed that the reader is familiar with the main elements of general insurance accounts as contained in the revenue/profit and loss accounts and the balance sheet.
The role of the actuary in non-life reinsurance and Lloyds. - General Insurance Study Group. 3 pages.
The Actuary in the U.K. has had only limited involvement in the Non-Life Reinsurance and Lloyds fields. In recent years there would appear to be the opportunity for the Actuary to play an increasing role in the analysis of statistical and financial data for these two fields.
Technical reserves. - General Insurance Study Group. 64 pages.
Much has already been written about different theoretical methods of calculating technical reserves for outstanding claims. The first part of the Group's work this year, therefore, was to consider the use of these techniques, in practice, and the problems facing the actuary in these situations.
The second main part of the Group's work was prompted by the thought that most claim projection techniques have been developed as a means of dealing principally with inflation, which has been the main problem facing satisfactory claim reserving in recent years. Stripping the inflation effect from these methods, are we left with very rigorous statistical techniques?