by Paul Sweeting | Apr 5, 2012 | All, Industry News
The way in which investment returns behave when movements are more extreme has been a focus of financial modellers for some time. Approaches such as copula theory allow such features of returns to be modelled. However, it is also important to consider how the risk of...
by Paul Sweeting | Nov 14, 2011 | All, Articles, Library
Statement of Standard Accounting Practice (SSAP) 24 required, for the first time, particular levels of disclosure in relation to firms’ pension arrangements. Whilst this was a major step forward, it allowed a significant degree of discretion. This discretion meant...
by Paul Sweeting | Sep 1, 2011 | All, Books, Library
Financial Enterprise Risk Management provides all the tools needed to build and maintain a comprehensive ERM framework. As well as outlining the construction of such frameworks, it discusses the internal and external contexts within which risk management must be...
by Paul Sweeting | Jun 29, 2011 | All, Articles, Library
The uncertainty over cohort life expectancy continues to concern insurance companies and pension schemes. For pension schemes in particular, the combination of low interest rates and guaranteed pension increases have led to a much greater focus on future mortality...
by Paul Sweeting | Jun 21, 2011 | All, Industry News
Why did you choose to become an actuary? Initially, it was the challenge that attracted me, but I then found that I actually enjoyed the job. I wanted to work in an area that required maths, but I soon found that being able to do the numbers was only a small part of...
by Paul Sweeting | Mar 22, 2011 | All, Books, Library
A heightened awareness of the aging population means that all parties have to closely track and monitor their longevity assumptions and developments. This ensures appropriate longevity bases are used in pricing and reserving for longevity risk. It has also spurred a...
by Paul Sweeting | Feb 25, 2011 | All, Articles, Library
This paper builds on the two-factor mortality model known as the Cairns-Blake-Dowd (CBD) model, which is used to project future mortality. It is shown that these two factors do not follow a random walk, as proposed in the original model, but that each should instead...
