Introduction to General Insurance Study

The report represents the first attempt by the actuarial profession to understand the issues involved in many types of latent claims, and it should not be taken as an authoritative statement of fact on these issues. Indeed, one important reason for its publication is to set out our present understanding so that it can be corrected by those with first hand knowledge of the problems. Therefore, any comments, whether to correct matters of fact, or of critical observation, will be most welcome and should be made to any member of the Working party, whose names appear in Appendix 1. The report has been referred to one of the EGG attorneys and his detailed comments have been incorporated. However, we accept responsibility for any errors which remain.