Session: 06

General Insurance

* * *

Summary

This paper examines the basic principles that should underpin solvency valuations. A number of principles are derived which apply to all types of financial service companies. This is needed as boundaries between product types and countries are blurring.A basic solvency method is proposed together with a procedure for establishing risk margins.

Session: 70

Mortality

* * *

Summary

This is a shortened version of the full report by the Working Party of the Society of Actuaries in Ireland. It examines trends in population mortality in Ireland from 1962 to 1996. Although reductions are observed these do not extend to all ages. 

Reasons for this are discussed. A cohort effect is revealed for those born in the 1930's. Comparisons are made with International experience showing Ireland to still be suffering comparatively high population mortality. Of particular concern is suicide for young males and the high level of road traffic accident deaths. The interaction of mortality and morbidity is considered.

General Reinsurance

* * *

Summary

This paper looks at desirable properties for claims development curves. A number of different claims curves are then tested against these properties. The paper looks to see what are the factors that impact the "best" curve to use.The paper examines the parameters needed in these curves. Are more or less parameters needed? Which parameters vary by class of business and which by individual risk? 

How much of a difference does risk attaching and loss occurring make?