{"title":"Computer Techniques for Developing Premium Rates.","authors":"N. Stephens","doi":"10.1017/S0020269X00009385","DOIUrl":"https://doi.org/10.1017/S0020269X00009385","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132706544","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":"Pension Aspects of Takeovers and Mergers.","authors":"R. Chapman, R. J. Jagelman","doi":"10.1017/S0020269X00009221","DOIUrl":"https://doi.org/10.1017/S0020269X00009221","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"157 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1980-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123777341","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":"Measurement of Pension Fund Investment Performance.","authors":"D. Hager","doi":"10.1017/S0020269X00009233","DOIUrl":"https://doi.org/10.1017/S0020269X00009233","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1980-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133837367","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":"CATASTROPHES AND CATASTROPHE INSURANCES","authors":"J. Lockett","doi":"10.1017/S0020269X00009257","DOIUrl":"https://doi.org/10.1017/S0020269X00009257","url":null,"abstract":"1.1 This paper focuses on sections of the insurance industry which are not often widely discussed. If catastrophe insurances are to be transacted successfully, a large number of different technical skills and experiences must be combined. Actuaries in the U.K. are still relatively little employed on the problems of general insurance, and are rarely involved in the complexities of these particular sections of it. It must be recognized that there is only limited scope for the application of actuarial skills in this field. However, there may be some advantage to be gained by mixing an intelligent statistical opinion with other specialized technical or practical ones when some catastrophe problems are being discussed. Before expressing a view on any topic, it is, of course, essential to learn about the background and existing conditions. 1.2 The concept of catastrophe is considered in section 2 of this paper. Potential catastrophe situations can be classified into two groups, natural hazards and man-made hazards. Each of the sections 3-9 deals with one of the principal natural hazards, giving an outline of the causes of catastrophic events, the type of losses to be expected, and the form of insurance cover likely to be available in vulnerable areas. Section 10 describes the New Zealand state scheme, which provides cover in the event of extraordinary losses from nearly all elemental perils, and war. Sections 11-16 each deal with a different type of situation where a man-made catastrophe can occur, and the insurance provisions available in each case. Having thus set the background, the later sections of the paper consider some of the aspects involved in transacting catastrophe insurances. As indicated above, the nature of this type of business is such that there is no","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1980-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129531378","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":"The Canadian Life Assurance Market","authors":"M. Rosenfelder, R. M. Roberts","doi":"10.1017/S0020269X00009166","DOIUrl":"https://doi.org/10.1017/S0020269X00009166","url":null,"abstract":"The authors have endeavoured to highlight those aspects which, because of the way they contrast with British practices, are likely to be of particular interest to actuaries in the U.K. Subjects reviewed include economic and demographic trends; a description of the life companies, both Canadian and foreign, operating in Canada; the regulatory environment including the recent legislative changes designed to bring financial statements closer to ‘GAAP’; the new actuarial valuation procedures and the wider responsibilities of the signing actuary; asset values and the new treatment of investment gains and losses; taxation; marketing systems; and the major types of policies and benefits sold, including the implications of guaranteed cash values. Also included is a review of the actuarial profession and the education of the actuary in Canada.","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1979-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134321322","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":"The First Year of Contracting-Out","authors":"D. Johnson","doi":"10.1017/S0020269X00009154","DOIUrl":"https://doi.org/10.1017/S0020269X00009154","url":null,"abstract":"The new Earnings-Related State Pension Scheme was introduced, under the terms of the Social Security Pensions Act, 1975, on 6th April, 1978. The arrangements represented the product of more than fifteen years' efforts to establish a meaningful earnings-related supplement to the flat-rate basic State pension. Various proposals had been mooted, the first of which was probably the Graduated Pension Scheme, introduced in 1961, which was followed by the Crossman and Joseph schemes. The latter two schemes fell foul of changes of government and it was not until 1975 that the joint efforts of Barbara Castle and the late Brian O'Malley reached fruition in the Social Security Pensions Act 1975. The Earnings-Related State Pension Scheme embodied in the Social Security Pensions Act 1975 ultimately received the approval of all the major political parties. It provides an earnings-related pension over and above the flat-rate basic State pension for all employees except those who reach pensionable age (65 for men, 60 for women) in the fiscal year commencing 6th April 1978 or married women (or widows) who have opted to make National Insurance contributions at the reduced rate and, therefore, not participate for retirement benefits from the State Scheme.","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1979-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123048164","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":"Motor Outstanding Claims","authors":"M. C. Bennett, J. Taylor","doi":"10.1017/S0020269X00009129","DOIUrl":"https://doi.org/10.1017/S0020269X00009129","url":null,"abstract":"A Report with the above title, which forms Section B of this paper, was presented at the conference at Hythe, Kent in September 1977 of the General Insurance Study Group, which is sponsored jointly by the Institute and the Faculty. The conference was attended by about sixty people, nearly all non-life practitioners and nearly all actuaries. Previous papers on technical reserves had discussed various statistical methods of estimating outstanding claim reserves, and in some cases had included some data to provide numerical examples of the use of the methods. In our report we chose to start with some data and to look at the degree of stability in those data. Inspection of the data showed remarkably stable patterns and it was apparent that a simple method not previously described based on average payments was likely to be satisfactory for estimating the reserve for outstanding claims. The report then seeks to explain why the authors consider that this method has advantages over two well-known but more complicated methods.","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1979-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128858216","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":"The Emerging Benefits of Computer Techniques or the Computer Techniques Of Emerging Benefits.","authors":"R. Ashurst, G. H. Day","doi":"10.1017/S0020269X00009105","DOIUrl":"https://doi.org/10.1017/S0020269X00009105","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1979-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129655290","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":"The South African Life Assurance Market","authors":"M. Bernstein","doi":"10.1017/S0020269X00009099","DOIUrl":"https://doi.org/10.1017/S0020269X00009099","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1979-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128538339","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":"Annual Report and Accounts 1978–79.","authors":"P. Turvey","doi":"10.1017/S0020269X00009191","DOIUrl":"https://doi.org/10.1017/S0020269X00009191","url":null,"abstract":"","PeriodicalId":419781,"journal":{"name":"Journal of the Staple Inn Actuarial Society","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1979-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117231206","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}