The actuarial treatment of equity release mortgages (ERMs) is currently a very active topic within the UK profession. Over the last year, several significant research reports have been published which, collectively, contain a broad array of sometimes-conflicting ideas and recommendations (most notably, Dowd (2018), Jeffery...
Solvency II’s Matching Adjustment (MA), and the British actuarial profession’s defence of it, have been in the financial press recently. To the extent that the profession wishes to defend the MA as a matter of actuarial principle, we must provide a clear explanation of the...
1. Background Following its extraordinary gestation period, the introduction of Solvency II across the European Union at the start of 2016 might have reasonably been expected to mark the start of a period of relative tranquillity in the formulation of regulatory capital assessment for insurance firms....
Dear Friends and Colleagues, I would humbly like to bring to your attention the forthcoming publication of my book, A History of British Actuarial Thought. The book is scheduled for release on 25th November and is published by Palgrave Macmillan. You can order your copy here: http://www.palgrave.com/gb/book/9783319331829 What is the book...