volume 3, issue 1, P29-49 1997
DOI: 10.1017/s1357321700005304
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P.H. Grace

Abstract: The first part of the Address is a review of changes over the last 30 years in the actuarial management of a life office -ranging from the introduction of the Appointed Actuary system to some of the consequences of the Financial Services Act. It draws attention to some of the differences in the regulatory treatment of life assurance companies and other competing organisations in the savings field, highlights some of the shortcomings in the European solvency regime that is currently being reviewed by the autho…

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