Papers and reports

The paper considers a number of methods of estimating the work time lost due to sickness, unemployment and stoppages. The most satisfactory approach suggested is based on a multiple state working life table. Numerical examples of the measurement of work time lost are provided for particular application to the actuarial assessment of damages (arising out of personal injury or fatal accident). Other applications, including the pricing of unemployment insurance, are also discussed.

Report on a meeting held at the Physicians Hall on 19 April 1990 to discuss demutualisation.

The paper reviews the underwriting of life assurance and sickness benefits today. It considers both medical and non-medical aspects and how the extra risks should be costed. The paper also deals with financial underwriting, reassurance and the management of death claims. Although the paper presents a ‘state of the art’ picture, it also considers advances via on-line acceptance, expert systems and computer-based training.

The aim of this paper is to use a model office to examine the potential impact of AIDS on non-linked life assurance business in the UK.

The paper traces the history of the development of a with-profits system for a specialist unit-linked office. The marketing problem, to which this was the chosen solution, is discussed and a number of possible future developments are then considered. The second half of the paper is devoted to discussion of the question of matching assets and liabilities for the range of products developed.