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Commissioning Research in General Insurance

Your help is needed to steer research!

As general insurance actuaries, we rely on fresh thinking to take on ever evolving challenges.  The practitioner community has mentioned several themes regularly in various forms.  How should we continue (or start) tackling them together in the next few years?

The GI Research & Thought Leadership Committee (GIRTL) is seeking comments and assessing interest from members of the GI practice area on five areas of research.  Initial thinking has been put together on research questions relating to Claims Inflation, Super Trends, Insurance Risk Dependencies, Learning from Other Professions, and Public Data (View the slides).  After considering the community’s responses, the committee will begin the process of putting together appropriate teams – volunteers or otherwise as appropriate – to carry out what is hoped to be rewarding research work.

We had a successful first steering discussion with delegates at GIRO in September.  This will be an exciting journey for the community: the energy and enthusiasm at the discussion was encouraging.  We will be exploring and creating inclusive ways to engage with as many of you as possible.

Your thoughts on these questions through our email address girtl@actuaries.org.uk would be much appreciated.  Who would the research be useful for?  Are these the right questions?  How do these questions link with existing research output?  How should we go about answering them?  How would you help?

A short survey has been set up to gauge interest levels for volunteering to progress the research.  You would be asked to provide your name, email address and which topic(s) you would be interested in helping.  A free text box is available for you to tell us how you may like to participate.

In order for the work to go onto the next stages, it wold be great to have your views and hear of your interest before 31 October 2019.  Of course, the committee would always be happy to hear from you on all matters relating to GI research at all times, even on these topics after the specific date.

Thank you in advance for your help – we look forward to hearing from you.

GIRTL Committee