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This abstract relates to the following paper: FulcherPaul, BoardmanRichard, CollierIan, GasserHans-Christof, PriceRod, ShelleyPaul and SoftleySarah. Financial repression: what does it mean for savers and investors? ‐ Abstract of the Edinburgh DiscussionBritish Actuarial Journal, doi: 10.1017/S1357321714000154.
In his Presidential Address, Dr Hare talks about the theme for his presidency, ensuring that the profession is relevant in the current environment. He outlines some of the recent changes in the economic environment and the financial services industry. He then sets out each element of the profession’s strategy and discusses elements that he intends to champion during his Presidency to ensure that it remains relevant. He concludes by stating the profession’s vision.
This paper investigates incentives and disincentives for risk reporting practices by global insurance companies. We examine various arguments for and against risk reporting, whether voluntary or compliance in nature. An important issue is whether reporting is dominated by shareholder, regulatory or managerial incentives. We evaluate whether current reporting practices are consistent with either political visibility, cultural effects or idiosyncratic managerial incentives. Our empirical analysis is based on (1) a content analysis of disclosures contained in annual reports of a sample of European, Asian and US global top 25 insurers between 2006 and 2012 and (2) a survey of internal business reporting practices. We re-characterise a disclosure index from prior research to examine the relation between the extent of risk disclosure and various managerial, agency and other characteristics. We predict that the extent and nature of risk disclosures depends on cultural imperatives and managerial incentives.
This abstract relates to the following paper: FranklandR.EshunS.HewittL.JakhriaP.JarvisS.RoweA.SmithA.D.SharpA.C.SharpeJ. and WilkinsTDifficult risks and capital models: a report from the Extreme Events Working Party ‐ Abstract of the Edinburgh Discussion. British Actuarial Journal, doi: 10.1017/S1357321713000524
This abstract relates to the following paper: KlumpesP., KumarA. and DubeyR.Investigating risk reporting practices in the global insurance industry ‐ Abstract of the London Discussion. British Actuarial Journal, doi: 10.1017/S1357321714000087
This abstract relates to the following paper: KlumpesP., KumarA. and DubeyR.Investigating risk reporting practices in the global insurance industry ‐ Abstract of the Edinburgh Discussion. British Actuarial Journal, doi: 10.1017/S1357321714000087