Expert actuarial evidence

This paper forms one chapter of the Thomson Reuters publication "Expert Evidence", and was written by three of our directors.

The chapter provides a summary of the relevant skills attributable to actuaries which may be relevant in a court proceeding, the codes and guidelines that apply, and addresses the most common areas actuaries provide evidence, including: loss of earnings and superannuation; family law superannuation; the current value of future expenditure; costs of funds management; and life interest valuations.

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2010 life expectancies, $1pw multipliers and deferral factors

This document provides life expectancies at 2010, allowing for future mortality improvements. It also includes: weekly mulitpliers to death, specific retirement ages, and fixed terms; and deferral factors.

Life expectancies in previous years are also available for 2009 and 2008.

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Cost of investment management factors

This publication provides tables of factors which may be used to approximate investment management costs under various scenarios.

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Dependency percentages for two-parent families

This paper uses 2003-04 Household Expenditure Survey data to suggest dependency percentages for survivors in different types of two-parent family, where one of the parents dies, and for one-parent families, where the parent dies. These percentages may provide a starting point for assessment of damages for economic loss by survivors of a deceased earner.

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A practical guide to assessing economic loss

This publication provides an introduction to the various components of economic loss, the principles of valuation and the practical issues surrounding them.

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Deductions for vicissitudes

This document provides estimates of reasonable deductions for unemployment, sickness, disability and strikes by age and sex by occupation group.

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Discount rates and life tables: A Review

The use of discount rates and life tables is important in many cases where future economic loss is to be determined. This article looks at what they mean, the reasons they are used, and the impact of recent changes to statutory discount rates.

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Past and future causes of death - implications for planners

This paper discusses causes of deaths over the past 20 years, and projections are made of deaths from each major course in the next 20 years.

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Estimating economic loss - recent developments

This is a text version of a paper presented by Richard Cumpston at the 2001 Victoria national conference of the Australian Plaintiff Lawyers Association (APLA).

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Essential personal expenditure

This contains our estimates of essential personal expenditure. This is important when calculating economic loss suffered by the dependents of a deceased person.

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RTA v Cremona - more value in superannuation

This is a text version of a paper presented by Richard Cumpston at the 2002 national conference of the Australian Plaintiff Lawyers Association (APLA).

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Actuarial perspective on tort law reform

This paper discusses the unavailability of some insurance largely due to the present shortage of capital by the insurance industry. Several years of difficulty are likely before the insurance market returns to competitive health.

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Lum sums - the good the bad and the ugly

This is a powerpoint presentation presented by Richard Cumpston at the 2002 Motor Accidents Authority Sydney conference.

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Multipliers and their use in litigation

This is a PDF version of the slides used in a presentation given on June 18 2008 by Hugh Sarjeant concerning multipliers and their use in litigation.

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