Gerd Müller und Bernd Müller (SCOR Rückversicherung Deutschland)
"Biological Age Model: Eine erweiterte Form der Risikobewertung in der Lebensversicherung"
Die AVÖ vergibt für die Teilnahme an dieser Veranstaltung 1 CPD-Punkt.
"IFRS 17 Insurance Contracts will become effective as early as 1.1.2022 and will fundamentally change the way insurance companies present their obligations and their financial performance stemming from insurance contracts. Consequently, IFRS 17 will trigger major implementation projects at all companies affected – and no company can afford to waste (any more) time!
Actuaries will play a key role in implementing the new guidance: First, the standard will require many fundamental decisions, which will determine the amount and profile of IFRS results for years to come. Actuaries will be key to prepare decision making by top-management by explaining the options and their consequences. Also, complex measurement models will need to be developed, possibly starting with prototypes providing a starting point for an impact analysis and then gradually developed into audit proof applications.
The output of these models will need to be integrated in the financial reporting processes. Communication with accounting functions will become more intense and more complex – as will be the modelled output.
Accordingly, a strong focus of this seminar is on the accounting framework in which actuaries operate, accompanied by practical examples illustrating the key issues. "
"IFRS 17 Insurance Contracts will become effective as early as 1.1.2022 and will fundamentally change the way insurance companies present their obligations and their financial performance stemming from insurance contracts. Consequently, IFRS 17 will trigger major implementation projects at all companies affected – and no company can afford to waste (any more) time!
Actuaries will play a key role in implementing the new guidance: First, the standard will require many fundamental decisions, which will determine the amount and profile of IFRS results for years to come. Actuaries will be key to prepare decision making by top-management by explaining the options and their consequences. Also, complex measurement models will need to be developed, possibly starting with prototypes providing a starting point for an impact analysis and then gradually developed into audit proof applications.
The output of these models will need to be integrated in the financial reporting processes. Communication with accounting functions will become more intense and more complex – as will be the modelled output.
Accordingly, a strong focus of this seminar is on the accounting framework in which actuaries operate, accompanied by practical examples illustrating the key issues. "
EAA Seminar: Loss Reserving in Property and Casualty
Oktober 28-29, 2019All Day
"In property and casualty insurance, the provisions for payment obligations from losses that have occurred but have not yet been settled usually constitute the largest item on the liabilities side of a property and casualty insurer’s balance sheet. For this reason, the determination and evaluation of these technical provisions, which are also called loss reserves, is of considerable economic importance for every property and casualty insurer. Therefore, the application of actuarial methods of loss reserving is indispensable.
Under Solvency II, the reserving risk becomes one of the mayor drivers for solvency capital requirement in property and casualty insurance and therefore an adequate assessment of loss reserves and the underlying risk is a crucial issue not only under risk management aspects but also under a supervisory point of view.
This seminar on loss reserving will start with the basic aspects of actuarial loss reserving. Besides a broad introduction to traditional methods, it also deals with more recent ones and a discussion of certain problems occurring in actuarial practice, like inflation, scarce data, large claims, slow loss development, the use of market statistics, the need for simulation techniques, and last but not least, the task of calculating best estimates and ranges of future losses. "
EAA Seminar: Loss Reserving in Property and Casualty
Oktober 28-29, 2019All Day
"In property and casualty insurance, the provisions for payment obligations from losses that have occurred but have not yet been settled usually constitute the largest item on the liabilities side of a property and casualty insurer’s balance sheet. For this reason, the determination and evaluation of these technical provisions, which are also called loss reserves, is of considerable economic importance for every property and casualty insurer. Therefore, the application of actuarial methods of loss reserving is indispensable.
Under Solvency II, the reserving risk becomes one of the mayor drivers for solvency capital requirement in property and casualty insurance and therefore an adequate assessment of loss reserves and the underlying risk is a crucial issue not only under risk management aspects but also under a supervisory point of view.
This seminar on loss reserving will start with the basic aspects of actuarial loss reserving. Besides a broad introduction to traditional methods, it also deals with more recent ones and a discussion of certain problems occurring in actuarial practice, like inflation, scarce data, large claims, slow loss development, the use of market statistics, the need for simulation techniques, and last but not least, the task of calculating best estimates and ranges of future losses. "
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Actuarial Modelling Club