Electronic distribution of life assurance. Serious business or just a game?
Preferred lives - a more complete method of risk assessment
CMI Report 14. Whole volume
The mortality of assured lives. pensioners and annuitants, 1987-90; The mortality of smokers and non-smokers, 1988-90; Mini-graduations of the mortality experience of assured lives, pensioners and annuitants, 1987-90; The mortality of impaired assured lives, 1983-90; The mortality of impaired lives 1987-90 according to cause of death; The mortality of retirement annuitants under approved pension; Arrangements in the Republic of Ireland. 1986-91; Sensitivity analysis in a multiple state model for permanent health insurance
Recent developments in life office financial reporting
Bridging the gap between financial economists and actuaries. A new asset-liability management model
A review of Wilkie's stochastic investment model
Loss reserves in the London Market
This paper addresses the process of estimating loss reserves for a company or syndicate writing in the London Market. Particular emphasis is placed on insurers maximising the value of the process, and ensuring that the process is not simply a series of mathematical calculations. The use of sophisticated mathematical techniques should not distract from the importance of understanding the business and ensuring that data are correct.
Asset shares and their use in the financial management of a with-profits fund
This paper describes current asset share techniques, examines alternative asset share philosophies and discusses practical issues associated with the calculations. Alternative approaches to smoothing payouts using asset shares are examined. A financial management framework is described which provides information on the financial position of a with-profits fund. A central part of the framework is the concept of risk-based capital. The factors to be considered in determining risk-based capital are described and examples given of the possible capital needs of with-profits business.