A note on life office models
A brief description is given of some problems encountered in designing a model office program. The key to an effective and flexible model lies in the structure which the model imposes on the data. An example of a model used for research is described.
Roles and responsibilities - the actuary in pensions. Joint Actuarial Convention, Harrogate, 12-14 September 1993
Realistic reporting of life insurance company policy liabilities and profits: developments in Anglo-American countries
This paper examines international developments in generally accepted accounting practice (GAAP) for policy valuation and profit recognition in the life insurance industry in four major Anglo-American life insurance markets - the UK, Australia, Canada and the USA. Each valuation method examined in this paper has its advantages and disadvantages with respect to the needs of preparers and users of annual reports of life insurance companies. In particular, the paper documents that conventional statutory reporting basis and US GAAP are considered to have substantive deficiencies.
British Actuarial Journal
Notes on the FT-SE Actuaries Share Indices (United Kingdom Series) in 1993
Introduction of the new Total Return Indices. New Industrial Classification system introduced at the beginning of 1994, integrating the previously separate FT–Actuaries Share Indices and (more detailed) Stock Exchange groupings.
The recent trend of mortality in Great Britain
This note continues a regular series on mortality rates, previously relating to Great Britain, but now to the whole of the United Kingdom. Mortality experienced in the years 1990 to 1992 is shown by five-year age groups, and comparisons are made for broad age groups, on a standardised basis, with mortality in earlier years.