General Insurance Convention 2009
Edinburgh, 2009
The papers below were presented at the 2009 General Insurance Conference, held from 6-9 October at the Edinburgh International Convention Centre. Any queries about the conference should be adressed to Dawn McIntosh, Conference Officer, at e-mail: dawn.mcintosh@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.
- Book of papers (NB: this is a very large file of 48mb, so may take some time to download)
- Kathryn Morgan's report on the Plenary 6 Debate:
This house believes that deterministic reserving methods should no longer be used.
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 7 October
Plenary 1
PL1: Is actuarial demand cyclical? (slides)
James McPherson
Plenary 2
PL2: Lessons learned from the financial crisis (slides)
Thomas Hess
PL2: Managing business in a capital constrained era (slides)
Bryan Joseph
PL2: How to thrive in a recession and recovery (handout)
Paul Geddes
Plenary 3
PL3: How to keep your supervisor happy (handout)
Tim Edwards
PL3: Risk modelling and management: lessons from life (handout)
David Hare
PL3: Will Solvency II deliver for insurance what Basel II delivered for banks? (handout)
Mark Eyre
Workshop session A
A01: Managing underwriting in the london market (slides)
Tony Jones; Fiachra Mcloughlin
A01: All's well that ends (slides)
Richard Bland
A02: Pricing optimisation issues and challenges (slides)
Sima Ruparelia; Sergio Pezzulli; Marcus Looft
A05: Introduction to catastrophe models and working with their output (slides)
Richard Evans; Andrew Ford; Paul Kaye
A06: Challenging times (slides)
James Orr; Vishal Desai
A07: Practical aspects of Part VII transfers
Richard Bulmer; Kate Angell
A08: Solvency II actuarial sign-off on underwriting and reinsurance working party (slides)
Catherine Cernesson; Ajay Chhabra; Ian Cook; Graham Fulcher
A09: Are the upper tails of predictive distributions of outstanding liabilities underestimated when using bootstrapping? (slides)
Peter England; Martin Cairns
A10: Non-parametric IBNER projection (slides)
Claude Perret; Hannes Van Rensburg; Farshad Zanjani
A11: Lloyd's issues. IT projects and how to survive them (handout)
Jerome Kirk; Henry Johnson
Workshop session B
B01: How to price in a recession (handout)
Julian Beardsworth; Simon Black; James Hillon; Laurence Loughnane
B02: Using analytics beyond price optimisation (handout)
Francisco Gomez-Alvado
B03: Implementing audit safe actuarial practices. Examples from reserving (handout)
Markus Stricker
B04: One-year reserve and premium risk (handout)
Rosmarie Ippy
B05: The use of econometric time series modelling techniques in ERM (slides)
Richard Shaw
B06: Going global (slides)
Francesco Nagari; Shreyas Shah
B07: Reserve variability and Solvency II (slides)
Gary Wells; Mark Shapland
B08: UK tax legislation for GI reserves (slides)
David Hindley; Dix Roberts; Martin White; Victor Baker
B08: Schemes of arrangement and business transfers
Kate Angell; David Hindley; Peter Matthews; Darren Michaels; Karen Newbury; Gregory Overton; Dominic Sharp; Andy Whiting; Helen Wilkinson; Edgar Wilson
B08: UK tax legislation for general insurance technical provisions
David Hindley; Dix Roberts; Martin White
B10: Bayesian approach for prediction error in chain-ladder claims reserving (handout)
Ji Yao
B11: Performance testing: are you using the best reserving methods? (slides)
John Charles; Matthew Ball
B12: UK Asbestos Working Party update 2009 (5Mb)
Brian Gravelsons et al
B12: UK Asbestos Working Party update 2009. Spreadsheet models (9.4Mb)
Brian Gravelsons et al
B13: The effect of the credit crunch on non-life insurance (slides)
Phil Ellis; Graham Fulcher
B13: The effect of the credit crunch on non-life insurance. Outline of talk (handout)
Phil Ellis; Graham Fulcher
B14: Solvency II: Internal model approval process (IMAP) - making it simple (slides)
Melinda Strudwick; Tom Rivers
Thursday 8 October
Plenary 4
PL4: Directors and officers: Current headlines (slides)
Mark Flower
PL4: Innovation (slides)
Robin A Harbage
PL4: Winner's curse (slides)
Mark Rothwell; Graham Fulcher;
Plenary 5
PL5: The Actuaries' Code (handout)
Neil Hilary; Derek Newton
PL5: A rating agency's view of risk management (handout)
Simon Harris
PL5: IFRS v Solvency II (handout)
Paul Klumpes
PL5: International diversity in measuring the fair value of general insurance contracts
Paul Klumpes; Andres Reibel
Workshop session C
C01: London market pricing framework (slides)
Hannes Van Rensburg; Ryan Warren
C02: Outwitting the fraudsters (handout)
Catherine Barton
C03: ERM: Qualitative implementation guide for insurers (paper)
George Orros
C03: ERM: Qualitative implementation guide for insurers (handout)
George Orros
C04: Optimisation in a capital scarce world (slides)
Colin Kerley; Gareth Haslip
C05: Correlations and dependencies in economic capital models (paper)
Richard Shaw; Grigory Spivak
C05: Correlations and dependencies in economic capital models (presentation)
Richard Shaw; William Diffey; Grigory Spivak
C06: The ultimate and one-year views of reserving risk with respect to solvency and risk margins (slides)
Peter England; Andrzej Czernuszewicz
C07: Extracting value from solvency II preparation (slides)
John Charles; Thomas Harris
C08: The myths about Solvency II (handout)
Tim Edwards; Annette Olesen
C09: Effectiveness of reserving methods (slides)
Steven Fisher; Andrew Gray; Chris Marinan; Shreyas Shah; Kevin Wenzel; Gary Yeates
C10: Would the last insured please turn out the lights? Exit strategies for insurers and reinsurers (handout)
Simon Sheaf; Edward Walker
C11: The insurability of the impacts of climate change (paper)
Nick Silver; Andrew Dlugolecki
C11: The insurability of the impacts of climate change (presentation)
Nick Silver; Andrew Dlugolecki
C12: An introduction to R (handout)
Alan Chalk; Ron Forbes
Workshop session D
D01: Best practice in technical pricing (slides)
James Tanser
D02: What is the appropriate framework to describe and understand risk? (handout)
Pietro Parodi
D03: Winner's curse (slides)
Mark Rothwell
D03: Winner's curse: the unmodelled impact of competition (16.5mb)
Appendices
Mark Rothwell and Members of the Working Party
D05: Solvency II non-life modelling issues. Calculating economic capital under solvency II (slides)
John Charles; Andrew Gray
D06: Theoretical and practical aspects of parameter and model uncertainty (slides)
Dimitris Papachristou
D07: Changing your ICA model to a Solvency II internal model (slides)
Andrew Hancock; Matthew Wheatley
D08: Schemes of arrangement and business tranfers (slides)
Darren Michaels; David Hindley; Kate Angell; Helen Wilkinson
D09: Regulatory prudential versus shareholder IFRS reporting (handout)
Andrew Newman
D10: Practical implementation of granular reserving (slides)
Alex Lee
D11: Casualty catastrophes (paper)
Justyn Harding; Matt Byrne; Romy Comiter; Jean-Bernard Crozet; Antony Dodson; Clare Edler; Alistair Laird; Chooi Shan Lee; Buu Truong; Cynthia Yuan
D11: Casualty catastrophes (slides)
Justyn Harding; Matt Byrne; Romy Comiter; Jean-Bernard Crozet; Antony Dodson; Clare Edler; Alistair Laird; Chooi Shan Lee; Buu Truong; Cynthia Yuan
D12: Solvency II and technical provisions. What will UK actuaries do differently? (handout)
Kendra Felisky
D13: Insurance in terms of basic economics (slides)
Julian Leigh
D14: Talent management within the actuarial sector (handout)
Chaim Coutts
Workshop session E
E01: Clustering in ratemaking: with application in territories clustering (handout)
Ji Yao
E02: Model validation and monitoring in personal lines pricing (handout)
John Berry; Owen Morris
E02: Report of the model validation and monitoring in personal lines pricing working party (paper)
John Berry; Gary Hemming; Georgy Matov; Owen Morris
E04: Modelling with PillarOne. Risk management meets open source (slides)
Markus Stricker; Stefan Kunz
E05: Befriend a risk manager today! (slides)
Paul Cook; Stephen Kelly
E06: UK flood and storm catastrophe modelling (slides)
David Sanders
E07: The impact of Solvency II on reserving (slides)
Annette Olesen; David Paul
E08: Current issues at BAS (handout)
Louise Pryor
E09: What do we mean by '1-in-200'? (handout)
Cameron Heath; John Campbell; Darren Farr; Gladys Hosken; Andrew Newman; Hannes van Rensburg; David Simmons
E09: What is a 1-in-200? (paper)
Cameron Heath
E10: The particular problems with periodical payments (handout)
Avni Gohil; Simon Sheaf
E11: Understanding the business better for reserving (handout)
Hanna Kam; Nicki Ashbee; Georgina Baker; Richard Barke; Malcolm Cleugh; Helen France; Paul Grimsey; Tim Jordan; Julianna Shing; Richard Winter
E13: The impact of the current financial crisis on the run-off market (handout)
Karen Newbury
Friday 9 October
Plenary 6
PL6: The debate - this house believes that deterministic reserving methods should no longer be used (slides)
See Kathryn Morgan's report on this debate
Lis Gibson; Peter Green; Dewi James; Roger Hayne