{"title":"The Actuary In Damages Cases—Expert Witness or Court Astrologer?.","authors":"R. Owen, P. Shier","doi":"10.1017/S0020269X00009944","DOIUrl":"https://doi.org/10.1017/S0020269X00009944","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"2011 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125621469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Actuarial Valuation of Pension Schemes.","authors":"P. Worthington","doi":"10.1017/S0020269X00010008","DOIUrl":"https://doi.org/10.1017/S0020269X00010008","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129076842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Some Applications of Stochastic Investment Models","authors":"A. D. Wilkie","doi":"10.1017/S0020269X00009932","DOIUrl":"https://doi.org/10.1017/S0020269X00009932","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128717799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"EQUITY FROM EQUITIES IN BONUS DISTRIBUTIONS","authors":"A. Arbaney","doi":"10.1017/S0020269X0000997X","DOIUrl":"https://doi.org/10.1017/S0020269X0000997X","url":null,"abstract":"Many years ago the question of equitable distributions of surplus would have attracted much discussion. The subject received a full philosophical, financial and mathematical treatment, with the aim of getting it just right. As time passed this subject became less precise. Wider variations in investment conditions and different investment strategies meant that the constraints of the usual bonus methods could only achieve rough justice. Premium rates and valuation bases remained fairly static (often quite rightly so), and the declared results seemed slightly arbitrary and perhaps a little conservative. The work of the traditional actuary seemed a little ‘stodgy’ and the challenge and activity turned to the field of unit linking. Today the picture is different. Just as the introduction of banks to the personal mortgage market seems to have improved the service from Building Societies, so the advent of unit-linking seems to have spurred on the traditional actuary. The expectations of what can be achieved have increased. So, over the period that the methods for valuation, pricing and projection for unit linked contracts have achieved some measure of standardization, the traditional actuary has been pushed more into the role of the pioneer.","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"2629 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128456301","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Theory and Practice of Multinational Pooling.","authors":"R. Wootton","doi":"10.1017/S0020269X00009981","DOIUrl":"https://doi.org/10.1017/S0020269X00009981","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115085027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On a Class of Restricted Permutations.","authors":"Jacques Dutka","doi":"10.1017/S0020269X00010033","DOIUrl":"https://doi.org/10.1017/S0020269X00010033","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129197149","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Steps Towards a Comprehensive Stochastic Investment Model.","authors":"A. D. Wilkie","doi":"10.1017/S0020269X00010021","DOIUrl":"https://doi.org/10.1017/S0020269X00010021","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121060952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Join the DOTS and Make a Picture","authors":"A. MacDonald","doi":"10.1017/S0020269X00009968","DOIUrl":"https://doi.org/10.1017/S0020269X00009968","url":null,"abstract":"The Guinness Book of Records once claimed that the number π to a million decimal places, printed in full and bound in book form, was the Most Boring Book in the World. To the uninitiated, the Department of Trade Returns of U.K. life offices must seem to be in the same class, and when I chose the topic I wondered if this might affect the welcome which this paper would receive. For anyone with a professional interest in life offices, however, the Returns are too important to ignore. They contain the greatest amount of published data on the U.K. life assurance industry, they form an essential prop of our liberal supervisory system and they ought to be a line of defence against tighter controls. Life assurance has always been unusual in attracting long term contractual savings in large amounts. This was even more true a century ago than it is today, as there were no great pension funds or unit trusts. Human nature being what it is, this led some to view life assurance with more enthusiasm than sense. The mid-nineteenth century saw numerous small life offices set up, many of which were soon in trouble and it became common for such offices to be taken over by others. This was not so bad when the business was transferred to a larger, sounder office but quite often the new proprietor was an office in no better state than that taken over.","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128911743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rider Benefits and Options on Life Assurance Contracts.","authors":"M. North, P. Savill","doi":"10.1017/S0020269X0001001X","DOIUrl":"https://doi.org/10.1017/S0020269X0001001X","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116772086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Marketing the Actuarial Profession","authors":"Jim Lagden","doi":"10.1017/S0020269X00009956","DOIUrl":"https://doi.org/10.1017/S0020269X00009956","url":null,"abstract":"This paper was born over a year ago in Autumn 1983 when I proposed a thorough discussion of the whole current image of the actuarial profession. The reasons I gave then were: ( a ) There were a number of current debates affecting our livelihood into which there had been little official input from the profession, the pensions debate at the time being an example. ( b ) There had been no effective response to specific attacks on us by other professions; judges for example, or by the financial media. ( c ) A number of actuaries in major positions reported a disturbing lack of knowledge of the profession among prospective new recruits, combined with a view that the profession is becoming a less attractive career option. ( d ) We live in a changing world where the role of all the professions is being brought under public scrutiny, with the need to justify the quality and relevance of the services available. Other professions are taking very positive action to communicate an image and a role, this affects us directly as well as indirectly. ( e ) There has been no comprehensive paper or related discussion within the profession before, arising not least from a feeling that it was not needed, as we are small and safe, secure within the wider financial and professional system.","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"339 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120956789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}