Students may find it useful to consult some of the suggested additional reading from Unit 18 of the SA3 Core Reading to obtain a different viewpoint when studying a particular topic
However, students are not expected to have read all of the items on the list for their chosen subject.
The Institute and Faculty of Actuaries (IFoA) is responsible for setting ethical actuarial standards. The Financial Reporting Council (FRC) is responsible for setting technical actuarial standards. Visit
- the Standards and guidance page of the IFoA's website
- the FRC's website for technical actuarial standards.
- A change agenda for reserving. Report of the General Insurance Reserving Issues Taskforce (GRIT). Jones, T.; Copeman, P.J; Gibson, E.R, et al. British Actuarial Journal (2006) 12(3): 435-619. (DOI:https://doi.org/10.1017/S135732170000461X) (access after member login via OpenAthens: Cambridge Core)
- Distribution-free calculation of the standard effort of chain ladder reserve estimates. Mack, T.ASTIN Bulletin (1993) 23(2): 213-225.
(DOI: https://doi.org/10.2143/AST.23.2.2005092) (access after member login via OpenAthens: Cambridge Core)
- Economic scenario generators and Solvency II; a discussion paper. Varnell, E.M. British Actuarial Journal (2011) 16(1): 121-159.
(DOI:https://doi.org/10.1017/S1357321711000079) (access after member login via OpenAthens: Cambridge Core)
- Loss reserves in the London Market. Maher, G. P. M. British Actuarial Journal (1995) 1(4): 689-760.
(DOI:https://doi.org/10.1017/S1357321700001288) (access after member login via OpenAthens: Cambridge Core)
- Reserving and uncertainty. A meta-study of the General Insurance Reserving Issues Task Force and Reserving Oversight Committee research in this area between 2004 and 2009. Gibson, E.R. et al. British Actuarial Journal (2011) 16(1): 63-80.
(DOI: https://doi.org/10.1017/S1357321711000067) (access after member login via OpenAthens: Cambridge Core)
- Solvency II Technical Provisions for General Insurers. Dreksler, Susan. (chair) et al. General Insurance Reserving Oversight Committee’s Working Party. Paper presented to Institute and Faculty of Actuaries, 2013. (Paper awarded Brian Hey Prize.)
- Stochastic claims reserving in general insurance.England, P.; Verrall, R.J. British Actuarial Journal (2002) 8(3): 443-544.
(DOI: https://doi.org/10.1017/S1357321700003809) (access after member login via OpenAthens: Cambridge Core)
Access articles after member login to the IFoA eLibrary using the Actuarial Knowledge Hub and following DOI links shown.
IFoA Working Parties: latest outputs and updates
- IFRS 17 for General Insurers Working Party
- Third Party Working Party
- Periodical Payment Orders (PPOs) Working Party
- Pragmatic Stochastic Reserving Working Party
- UK Asbestos Working Party
Conference papers (by year) on Institute and Faculty of Actuaries website
- The cycle survival kit – An investigation into the reserving cycle and other issues. Archer-Lock, P.; Fisher, S.; Hilder, I.M., et al. Institute of Actuaries and Faculty of Actuaries, General Insurance Convention 2003, 103-145.
- UK asbestos - the definitive guide. Lowe, J.A. et al. Institute of Actuaries and Faculty of Actuaries. General Insurance Convention 2004, 135-354.
- Best estimates and reserving uncertainty. Gibson, Lis R et al. GIRO Institute of Actuaries and Faculty of Actuaries, General Insurance Convention 2007.
- Quantification and reporting of uncertainty for GI reserving Jones, T.; Copeman, P.J; Gibson, E.R., et al. (Reserving Oversight Committee) Institute of Actuaries and Faculty of Actuaries, General Insurance Convention 2007
- GRIP – General Insurance Premium Rating Issues Working Party Anderson, D (chairing).; Bolton, C.G; Callan, G.L, et al. 2007.
Read other papers from General Insurance Research Organisation (GIRO) via the links to the GIRO papers in the IFoA Event Paper Archive. These are papers and presentations released after conferences. Follow links for the year then title of the conference or meeting event.
Other monographs including guidance
- Lloyd's guidance on technical provisions under Solvency II. Look for latest guidance on www.lloyds.com
- Non-modelled risks: a guide to more complete catastrophe risk assessment for (re) insurers. Association of British Insurers, 2014.
- A practitioner's introduction to stochastic reserving: the one-year view. Scarth, R.; Jain, S.; Cerchiara, R.R.; IFoA Pragmatic Stochastic Reserving Working Party. Institute and Faculty of Actuaries, 2020.
Reference sources (references for SA3 Core Reading)
- Actuarial Association of Europe – Solvency II
- European Union. Directive of the European Parliament and of the Council on the taking up and the pursuit of the business of insurance and reinsurance. 2009/138/EC (the 'Solvency II' Directive).
- Financial Conduct Authority – FCA’s approach to supervision
- Financial Conduct Authority – Insurance Conduct of Business Sourcebook (ICOBS)
- Institute and Faculty of Actuaries – Practising Certificates
- Lloyd’s of London – Solvency II
- Prudential Regulation Authority – Solvency II
- Prudential Regulation Authority : Letters to Chief Actuaries and Chief Risk Officers, including more recently:
o Letter to Chief Risk Officers of General Insurance companies regulated in the UK: 'Insights from PRA review work on reserving and exposure management', PRA, 13 November 2020.
o Letter to Chief Actuaries of General Insurance companies regulated in the UK: 'Feedback from recent PRA reserving reviews', PRA, 5 November 2019.
Use PRA page Search to select 'Insurance', 'Insurance policy' and 'Letter' to find letters related to the Actuarial Function and to General Insurance firms.
- Claims reserving in general insurance. Hindley, D.J. Cambridge University Press, 2017. ISBN 9781139924696. (Borrow from libraries)
Access ebook after member login via OpenAthens to the IFoA Actuarial Knowledge Hub - the title is listed among the 'eBooks and ejournals')
The author releases accompanying material for the book: https://davidjhindley.com/shiny/claimsreserving/
Open source ‘R’ code relating to the Appendix: https://github.com/djhindley/shiny-server/tree/master/claimsreserving
Please read Notice and disclaimer about use of this material intended solely as a learning aid.
- Pricing in general insurance. Parodi, P. Chapman & Hall/CRC Press, 2014. ISBN: 9781466581449.
(Borrow from libraries | Access eBook after member login to Actuarial Knowledge Hub via OpenAthens*)
The author also releases accompanying material for the book: www.pricingingeneralinsurance.com
OpenAthens access to full text ebooks and online journals of the IFoA Actuarial Knowledge Hub is only available to IFoA members who login.
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We try to respond to email queries within one working day. Researcher access to historical resources may require notice in advance of visit in order to retrieve items from storage.
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