General Insurance Convention 2007
Celtic Manor Resort, Wales
The papers below were presented at the 2007 General Insurance Convention, held from 2-5 October at the Celtic Manor Resort, Wales. Any queries about the seminar should be adressed to Kate Harris, Conference Officer, at e-mail: kate.harris@actuaries.org.uk.
Please note that for this event the advance conference presentations were only made available in Adobe pdf "handout" format, displaying three slides to a page. If you require the papers in any other format, please contact the Conference Officer.
The copyright in the content of the conference and seminar papers on this site may rest either with the authors or with the profession. Single copies may be downloaded for private study or research, but more extensive copying requires the permission of the copyright owner. Should you wish to make multiple copies of any material, please contact the Conference Department.
Wednesday 3 October
Plenary 1
General Insurance Premium Rating Issues Working Party (GRIP) Update
Duncan Anderson
Individual claim loss reserving conditioned by case estimates
Greg Taylor
The role of the actuary (handouts)
Linley Ah-Chung; Jose Vazquez
Plenary 2
IASB accounting proposals and actuarial practice
Ian Moran; Martin White
Solvency 2
Kathryn Morgan
Solvency II - European update (handouts)
Annette Olesen
Solvency II - much achieved, but lots more to do
Steven Wells (handouts)
Plenary 3
Continuing Professional Development
David Hindley (handouts)
General Insurance Reserving Oversight Committee Update (handouts)
Lis Gibson; Tony Jones
Is the insurance industry well served by rating agencies? (handouts)
Demir Bettini
Reinsurance counterparty credit risks (handouts)
Mark Flower
Workshop session A
Claims reserving including count data
Anders Hedegaard Jessen; Richard Verrall; Jens Perch Nielsen
Cost of capital method of determining risk margins - dealing with neglected issues: observations from three empirical analyses
Jonathan Broughton; Bob Buchanan; Allan Kaufman; Genn Meyers
Estimating IBNR from year of account projections (handouts)
Robert Murray; Rob Warren
Issues in Islamic Finance and (Re)Takaful business (handouts)
Mohammad Khan
Lloyd's issues (handouts)
Veekash Badal; Henry Johnson; Jerome Kirk
Schemes of arrangement
Jon Francis; Neil Golding; George Maher; Jamie Reid
The claims actuary (handouts)
Malcolm Jewell; Mark Rothwell
The modelling of reinsurance credit risk (handouts)
Richard Shaw, Guy Carpenter
What does Solvency II mean for UK companies?
John Charles; Ming Roest
Wider use of GLMs
James Tanser
Workshop session B
Casualty catastrophes - how well do you know them? (handouts)
Jun Lin; Terry Masters
Catastrophes - recent legal developments and implications (handouts)
Nick Atkins; Alex Lee
Defining risk appetite (handouts)
Phil Ellis; David Wong
Financial reporting - business implications of IFRS Phase 2
Mike Brien; Shreyas Shah
Internal capital assessment (ICA) model validation: more than just passing the use test (handouts)
Don Mango
Matching investment strategies in general insurance - is it worth it? (handouts)
Gareth Haslip
Pricing excess aggregate limits for large professional indemnity programmes (handouts)
David Hughes
Recent trends in mergers and acquistions (handouts)
Peter Allen; Simon Sheaf
Reserving Oversight Committee. The implications of the underwriting and reserving cycles for reserving (handouts)
Ian Hilder; Mark Rothwell; James Toller
The current latent claims landscape
Graham Oswald; Luke Thomas
Up close and personal (handouts)
Dorian Hicks; J B Blignaut
Thursday 4 October
Plenary 4
General Insurance Board Report (handouts)
Julian Leigh
Implications of climate change for general insurance (handouts)
Trevor Maynard; Graham Fulcher
Report of the UK Flood Risk Working Party (handouts)
James Orr
The future of GIRO (handouts)
Colum D'Auria; Darren Michaels
The impact of climate change on non-life insurance
Trevor Maynard
Plenary 5
ASTIN 2008
Julian Leigh
Education. Surely not more changes? (handouts)
Tom Harris; Simon Sheaf
Enterprise risk management (ERM) Working Party Report
Michael Tripp
EU Equality Directive or gender influences
Camilla Bennett
General Insurance Reserving Oversight Committee Update (handouts)
Lis Gibson; Tony Jones
Workshop session C
Best estimates and estimating uncertainty (handouts)
Lis Gibson
How claims can work for you (Handouts)
Mohammed Khan
Irish issues (handouts)
Richard Tulloch
Open source internal capital assessment (ICA) model (handouts)
Louise Pryor
Periodical payments, Ogden 6 and the impact on UK insurers
Richard Bulmer; Sanjiv Chandaria
Practical experience with GN12 (handouts)
Peter Copeman
Practical solutions to common pricing pitfalls (handouts)
Ana Mata
Reserving through the soft market. How can actuaries do better this time?
Kendra Felisky; Tony Goodall
Solvency II - QIS 3 and beyond
Guy Carpenter; Richard Shaw
The impact of climate change on non-life insurance
Trevor Maynard
Workshop session D
Developments in price optimisation (handouts)
Stephen Jones; Phil Webb
Effectiveness of Reserving Methods Working Party (handouts)
Steven Fisher; Richard Winter
Granular reserving - making best use of your claims and policy data (handouts)
Simon Margetts; Jen Perch Nielsen
Lemur Insurance Company case study in operational risk: the elephant in the room
Don Mango
Operational time stochastic reserving method
James Rakow
Price monitoring for commercial insurers (handouts)
Jason Doughty; Derek Newton
Reinsurance counterparty credit risks (handouts)
Mark Flower
Risk margins in reserves - what's going on and who is doing it?
Alan Kaufman; Julian Leigh; Martin White
The model underlying Solvency II
Andrew Smith; Andreas Tsanakas
Workshop session E
CAS: Enhancing the reputation of Casualty Actuaries (handouts)
Mary Francis Miller
Enterprise risk management (ERM) framework and perspective
Cherry Chan; George Orros; Geoff Perry; Kartina Thomson
Guidance developments for general insurance actuaries in the United States (handouts)
Mary Frances Miller
Practical implications of IFRS Phase II (handouts)
Shailesh Malde
Predictive modelling (handouts)
Peter Yeates
Report of the UK Asbestos Working Party II
UK Asbestos Working Party
Report of the UK Asbestos Working Party II (handouts)
Robert Brooks; Brian Gravelsons; Darren Michaels; Andy Whiting
Reserving: Making allowance for terms and conditions and other coverage issues (handouts)
Ian Hilder
Sizing up the non-life risk modules in the current Solvency II proposals (handouts)
Andy Hancock; David Paul
The EU Equality Directive and how it impacts actuaries (Handouts)
Camilla Bennett ; Dick Tulloch ; Nathan Williams ; Grant Mitchell ; Simon Warsop
Tradable catastrophe risk: a new protection strategy
Martin Bartell; Gillian James
EU Equality Directive or gender influences
Camilla Bennett
General Insurance Reserving Oversight Committee Update (handouts)
Lis Gibson; Tony Jones
Friday 5 October
Plenary 6
An inconvenient uncertainty (handouts)
James McPherson
Internal capital assessment education and guidance. Update from the ICA WP
Andrew Hitchcox
Open source internal capital assessment (ICA) model
Louise Pryor
Presidential address (Handouts)
Nick Dumbreck
Plenary 7
Actuarial Prediction Survey 2005. The final results
Ethicability: how to decide what's right and find the courage to do it (handouts)
Roger Steare
Brian Hey Prize
Submitted papers
Best estimates and reserving uncertainty
Lis Gibson (Chairman); Philip Archer-Lock; Neil Bruce; Anthony Collins; Gary Dunne; Kendra Felisky; Alex Hamilton; Malcolm Jewell; Joseph Lo; Jacqueline Locke; David Marshall; Erica Nicholson; Luke Thomas; Stephen Wilcox; Joseph Winer; Tom Wright
Cost of capital method of determining with risk margins - dealing with neglected issues; observations from three empirical analyses
Allan Kaufman (Chairman); Jonathan Broughton; Bob Buchanan; Glenn Meyers
Enterprise Risk Management (ERM) Working Party. Overview and summary report
Michael Tripp (Chairman); Cherry Chan; Brian Foley; Sejal Haria; Paul Hewett; Neil Hilary; Kathryn Morgan; George Orros; Geoff Perry; Kartina Tahir-Thomson; Michael Tripp
Enterprise Risk Management (ERM) Working Party. Report appendices. Request from libraries.
Michael Tripp (Chairman); Cherry Chan; Brian Foley; Sejal Haria; Paul Hewett; Neil Hilary; Kathryn Morgan; George Orros; Geoff Perry; Kartina Tahir-Thomson; Michael Tripp
How life can go badly wrong and what lessons we can learn. Or, pricing, reserving, uncertainty and professionalism using some real data
James Widdow (Chair); Prit Hanspal; Lars Hyllested; Paul Johnson; Susan Macaulay; Richard Rodriguez; Martin White
Reinsurance counterparty credit risks. Illustrative model for quantifying RCCR exposures using ‘default intensity curves’ based on capital market prices for corporate bonds and CDSs
Mark Flower (Chairman); Mohamed Afify; Ian Cook; Visesh Gosrani; Gillian James; Pantelis Koulovasilopoulos; Jason Lincoln; David Maneval; James Robinson
Reinsurance counterparty credit risks. Practical suggestions for pricing reserving and capital modelling
Mark Flower (Chairman); Mohamed Afify; Ian Cook; Visesh Gosrani; Gillian James; Pantelis Koulovasilopoulos; Jason Lincoln; David Maneval; James Robinson
The impact of climate change on non-life insurance
Trevor Maynard (Chairman); Neil Bruce; Catherine Cernesson; Richenda Connell; Graham Fulcher; Lyndsey Gardner; Daniel Hawellek; De Celine Herweijer; Dr Steve Jewson; Laura Masi; Vinay Mistry; David Rochester; Nick Silver; Lenny Smith; Dave Stainforth
The modelling of reinsurance credit risk
Richard Shaw