Developments in the Management of Annuity Business

Autor:	D. W. Smith, J. M. Nurse, F. Zhang, P. Fulcher, B. E. Johnson, E. J. Collinge, J. L. C. Lu, P. G. Telford, W. Little, Bridget Browne
Rok vydání:	2011
Předmět:	Statistics and Probability Reinsurance Finance Economics and Econometrics Solvency Actuarial science Longevity risk Investment strategy business.industry Economic capital Life annuity Enterprise risk management Economics Capital requirement Statistics Probability and Uncertainty business
Zdroj:	British Actuarial Journal. 16:471-551
ISSN:	2044-0456 1357-3217
Popis:	The focus of the paper is non-profit lifetime annuities in the UK. Annuity insurers have been faced with, or have initiated, an unprecedented amount of change during the last decade, and rapid change is still continuing. We draw out implications for the actuarial management of the business, arising from the evolution of: longevity risk assessment and management, investment strategy and operations, financial reporting, and enterprise risk management. We discuss Solvency II in some technical depth, analysing the proposed rules for technical provisions and solvency capital requirement.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2e69a003328dbda21fdfc9b77ce79b22 https://doi.org/10.1017/s1357321711000213 Zobrazit plný text záznamu