Correlations and Diversification Benefit

1. When a company writes risks across a number of classes, it seems reasonable to anticipate that the values assessed to give a 75% likelihood of sufficiency for each class

2. The reduction from this sum to arrive at the amount assessed to have a 75% chance of covering the company’s total Insurance Liabilities is called the diversification benefit.

3.  Correlation, between how the amount ultimately paid compares to the central estimate for different classes can arise in two categories (Direct and Indirect correlation)

Selecting Tail Factors for Actuarial Valuation

1. The selection of the loss development tail factor is extremely important because it affects estimates for all accident years.

2. A minor adjustment to the tail factor can have a significant impact on the unpaid claim liability.

3. We will demonstrate the selection of tail factors that consider three key variables: retention, location, and industry.

4. We will use examples of triangles at several different retentions for countrywide losses and state-specific losses.

Understanding Trade Credit Insurance

1. In April 2017, The Actuary reported trade credit insurers paid £210m to businesses last year due to non-payment claims, the equivalent of over £4m a week.

Malaysia's 2017 FDI Outlook

1. Malaysia's economy is performing well in the region in terms of efficiency and business regulations despite modest GDP growth of 4.1 percent in 2016 (below the ASEAN average of 4.5 percent).

2. Malaysia is a net recipient of FDI, which accounts for the majority of inflows into the economy. Inward FDI is projected to have grown by 40 percent year-on-year in 2016 to reach MYR 50 billion, with the 2015 total (MYR 36 billion) having been surpassed by the end of September. Manufacturing accounted for the majority (51.2 percent) of investment, followed closely by services (47 percent). Primary industries received the final 1.8 percent.