A selection of responses to/comments on the Issues Paper — see below for website address, where many more can be found.
American Academy of Actuaries (2000). Comment letter 84.
European Commission (2000). Comment letter 134.
Exley, C.J., Mehta, S.J.B. & Smith, A.D. (2000). Comment letter 92.
Faculty and Institute of Actuaries (2000). Comment letter 72.
International Actuarial Association (2000a). Comments on the Issues Paper (including 10 attached papers on particular issues). Comment letter 103.
International Actuarial Association (2000b). General overview of a possible approach to insurance liabilities valuation and capital requirements. Comment letter 103.
Joint Response — Institute of Chartered Accountants in England & Wales (ICAEW), Faculty and Institute of Actuaries, Institute of Chartered Accountants Scotland (ICAS) and Association of British Insurers (UK) (2000). Comment letter 80.
Clay, G.D., Frankland, R., Horn, A.D., Hylands, J.K., Johnson, C.M., Kerry, R.A., Lister, J.R., Loseby, R.L. & Newbould, B.R. (2001). Transparent with-profits — freedom with publicity. B.A.J. 7, 365–465 and 725–746.
Dowd, K. (1998). Beyondvalueatrisk: the new science of risk management. Wiley, New York.
Englander, S. (2000). Conceptual approach to a fair value of insurance. Private correspondence.
Financial Services Authority (2000a). A new regulator for the new millennium. FSA website.
Financial Services Authority (2000b). Some aspects of regulatory capital. FSA website.
Financial Services Authority (2000c). Building the new regulator — Progress Report 1. FSA website.
Financial Services Authority (2001a). Consultation paper 97 — integrated prudential sourcebook. FSA website.
Financial Services Authority (2001b). Individual capital ratios for banks. FSA website.
Forfar, D.O. & Masters, N.B. (1999). Developing an international accounting standard for life assurance business. B.A.J. 5, 621–698.
Forfar, D.O. (2000). Comments on FASB document — statement of financial accounting concepts no 7 — using cash flow information and present value in accounting measurement. Available on request from Life Board of the Faculty and Institute of Actuaries.
Girard, L.N. (2000a). Market value of insurance liabilities and the assumption of perfect markets in valuation. North American Actuarial Journal, 4, 1.
Girard, L.N. (2000b). Market value of insurance liabilities and the assumption of perfect markets in valuation. The Fair Value of Insurance Business, Kluwer Academic Publications. 7–113.
Girard, L.N. (2002). An approach to fair valuation of insurance liabilities using the firm's cost of capital. North American Actuarial Journal, 6(2), 18–46.
Hare, D.J.P., Dickson, J.A., McDade, P.A.P., Morrison, D., Priestley, R.P. & Wilson, G.J. (1999). A market-based approach to pricing with-profits guarantees. B.A.J. 6, 143–213 and 721–735.
Hibbert, A. J., Mowbray, P. M. & Turnbull, C. (2001). A stochastic asset model & calibration for long-term financial planning. Faculty and Institute of Actuaries website.
Hylands, J.F., Clay, G.D., Forfar, D.O., Hinton, P.H., Jenkins, J.A., & Webber, D.M. (1993). Joint Actuarial Working Party — Risk-based capital — interim report. Proceedings of 1993 life convention, ‘Life — an assured future', of the Faculty and Institute of Actuaries, 595–633.
International Association of Insurance Supervisors (1999). On solvency, solvency assessments and actuarial issues. IAIS website (under Publications).
International Association of Insurance Supervisors, and others (2001). Multidisciplinary Working Group on Enhanced Disclosure, Final Report to the I AIS, BCBS, IOSCO and CGFS of the G-10 central banks. IAIS website (under Publications).
Jarvis, S., Southall, F. & Varnell, E. (2001). Modern valuation techniques. Paper presented to the Staple Inn Actuarial Society.
Joint Working Group of Standard Setters (2000). A consultation paper incorporating the JWG's draft standard. Website link: http://www.asb.org.uk/publications/publicationproject.cfm?upid=39
Martin, G. & Tsui, D. (1999). Fair value liability valuations. Australian Actuarial Journal, 5, 351–489.
Needleman, P.D. & Roff, T.A. (1995). Asset shares and their use in the financial management of a with-profits fund. B.A.J. 1, 603–688 and 2, 5–18.
Scott, P.G., Elliott, S.F., Gray, L.J., Hewitson, T.W., Lechmere, D.J., Lewis, D., & Needleman, P.D. (1996). An alternative to the net premium valuation method for statutory reporting. B.A.J. 2, 527–621.
Urmston, M.N., Black, A.G., Chadburn, R.G., Chamberlain, A.J.M., Frankland, R., King, R.W., Sheard, J.M. & Orton, T.R. (2000). Resilience Reserves Working Party Report. Faculty and Institute of Actuaries website www.actuaries.org.uk/index2.html under Library & Publications → Conferences → 2000 Life Convention.
Wright, P.W., Burgess, S.J., Chadburn, R.G., Chamberlain, A.J.M., Frankland, R., Gill, J.E., Lechmere, D.J. & Margutti, S.F. (1998). A review of the statutory valuation of long-term insurance business in the United Kingdom. B.A.J. 4, 803–864 and 1029–1058.