Abstract
This paper outlines the main principles of supervision of general insurance companies in the United Kingdom, and of Lloyd's of London, with particular emphasis on prudential regulation and the role of actuaries. Some international trends in insurance supervision are identified and indications given of how supervision may develop in the future, in the light of the role of the International Accounting Standards Committee in setting accounting standards and the role of the International Association of Insurance Supervisors in developing globally accepted standards for insurance regulation.
Keywords: Regulation; solvency; Lloyd's of London; actuary; dynamic financial analysis
Volume
Washington
Year
2001
Categories
Actuarial Applications and Methodologies
Dynamic Risk Modeling
Dynamic Financial Analysis (DFA);
Actuarial Applications and Methodologies
Regulation and Law
Solvency
Actuarial Applications and Methodologies
Accounting and Reporting
Practice Areas
Governmental Agencies
Practice Areas
International Areas
Publications
ASTIN Colloquium
