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X-WR-CALNAME:AKTUARVEREINIGUNG ÖSTERREICHS (AVÖ)
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X-WR-CALDESC:Veranstaltungen für AKTUARVEREINIGUNG ÖSTERREICHS (AVÖ)
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DTSTART;TZID=Europe/Vienna:20270303T090000
DTEND;TZID=Europe/Vienna:20270303T134000
DTSTAMP:20260909T095511Z
CREATED:20260909T095511Z
LAST-MODIFIED:20260909T095511Z
UID:10000693-1804064400-1804081200@avoe.at
SUMMARY:The Pricing-Reserving Bridge: Portfolio Management in Practice
DESCRIPTION:In commercial insurance\, pricing and reserving are often treated as separate disciplines – different teams\, different tools\, different cycles. Yet they are two lenses on the same portfolio. When they operate in isolation\, they might give conflicting messages to underwriting and management\, resulting in portfolio mismanagement. \nIndividual risk pricing\, as sophisticated as it has become\, is no longer sufficient on its own. In a world where risks correlate more strongly than ever\, accumulations are harder to detect\, and decisions need to be made faster\, actuaries need to think and act at portfolio level\, not just risk by risk. \nTo address this challenge\, the web session introduces a Portfolio Management Framework that bridges pricing and reserving within a single operating model. The framework consists of four layers: Insight\, Steering\, Execution and Feedback. The session provides a detailed view of each layer\, as well as practical implementation tips within the organisation. \nA key element of the session is the hands-on case study\, which allows participants to apply the framework to a realistic commercial insurance portfolio. Participants will be asked to analyze the portfolio\, assess its alignment with the strategic goals\, develop a tiering structure and produce summary recommendations on portfolio steering. The follow-up debrief will explore divergent approaches and highlight key differences and practical takeaways. \nUsage of AI tools is explicitly encouraged throughout the case study. \nThe session closes with a forward-looking discussion on how AI is reshaping each layer of the framework\, accelerating anomaly detection\, improving strategy calibration\, and enabling real-time monitoring while keeping the actuary’s judgment and accountability central. \nAfter this web session\, participants will be able to: \n\nExplain why portfolio-level thinking is a necessary complement to individual risk pricing in commercial insurance\nApply the four-layer Portfolio Management Framework (Insight\, Steering\, Execution and Feedback) as an operational tool\nConduct a structured portfolio profitability assessment\nDefine concrete steering parameters and guardrails for portfolio segments\nIdentify where AI tools can augment actuarial portfolio management and where human judgment remains essential\n\nThe session takes a practical approach by combining conceptual instruction with a hands-on case study. Participants actively work through a realistic commercial lines portfolio scenario\, using AI tools of their choice\, and produce a short ExCo presentation pack as the deliverable. The debrief explores divergent approaches and highlights practical implementation insights.
URL:https://avoe.at/event/the-pricing-reserving-bridge-portfolio-management-in-practice/
CATEGORIES:European Actuarial Academy (EAA)
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