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The developing role of the Government Actuary's Department in the supervision of insurance

Published online by Cambridge University Press:  20 April 2012

C. D. Daykin
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Abstract

Following a brief outline of the origins of the actuarial profession in the United Kingdom, the paper traces the involvement of actuaries in the supervision of insurance in the U.K., and recalls the origins and early development of actuaries in government. In 1919, the Government Actuary's Department (GAD) was formed, and the paper explores the developing role of GAD in the supervision of insurance and how insurance supervision has evolved into a close partnership between the actuarial profession and the supervisors.

Keywords

Insurance SupervisionGovernment Actuary's DepartmentAppointed ActuaryLegislation

Information

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 119 , Issue 2 , 1992 , pp. 313 - 343
Copyright
Copyright © Institute and Faculty of Actuaries 1992

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