Predictive modeling is a process used to forecast future outcomes or behaviours based on historical data and patterns. By building mathematical models that analyse past data predictive modelling aims to uncover relationships between different variables in a dataset and use those relationships to make predictions about new observations. Overall, these methods complement the traditional actuarial […]
In a context of widespread instability, the actuarial analysis of emerging risks takes on particular importance to facilitate the adaptation of insurance to these profound changes. Whether it be old risks with poorly anticipated consequences (such as the epidemiological risk, as demonstrated by the recent Covid-19 crisis, whose consequences can significantly exceed purely healthcare boundaries), […]
The main aim of the session is to educate and inspire attendees on how AI can be responsibly and ethically designed, developed, implemented, and harnessed in socio-culturally appropriate ways. Anmeldeschluss: 2024-11-06
Kurzbeschreibung: The purpose of this session is to introduce the relevant aspects of regulation, timelines and consequences with respect to the actuarial practice. Starting from the study of relevant articles of the AI Act draft, we will develop an understanding of the impending consequences and likely interpretations of the legal framework. The seminar is structured […]
The goal of the session is to clarify the impact of various socio-economic factors on mortality and its impact on the valuation and risk-management of retirement products. At the end of the session people will have a good understanding of1) Impact of socio-economic status on mortality rates2) Impact of differences in mortality curves on product […]
The purpose of this web session is twofold: First, you will gain an in-depth understanding of the algorithm including its underlying theoretical motivation and its statistical properties. Second, you will receive a comprehensive executable R programme that implements the algorithm. During the web session we will discuss and apply the code hands-on by […]
The session aims to provide participants with a comprehensive introduction regarding the risk adjustment concept under IFRS 17. We will shed light on the general concepts behind risk adjustment and its application within IFRS 17 and illustrate the importance of risk adjustment in measuring, presenting, and disclosing insurance contracts. The online training will also provide […]
Kurzbeschreibung: In modern economy, cyber risk has become a major challenge across many industries. As every prevention measure is limited, there is an increasing need for cyber insurance. In the last years, there was a strong evolution of cyber insurance. In this session, the impact of cyber risk on various steps of the value […]
Through engaging lectures, interactive exercises, and real-world examples, participants will learn the fundamentals of storytelling: transforming data into stories, adapting to the audience and developing their own storytelling. By the end of this course, participants will emerge with a newfound appreciation for the narrative dimension of their work, equipped with practical tools to convey insights, […]
The purpose of the seminar is to establish the possible steps from data collection to pricing in order to highlight both the unique challenges as well as opportunities of usage-based insurance (UBI). To this end, a possible pipeline from data collection and feature engineering to risk profiling and finally pricing will be central to this […]
The calculation of life insurance products is traditionally based on the approach of commutation values, whose table properties enable extensive actuarial calculations even without large computer capacities. However, especially for modern and more flexible life insurance tariffs, the calculation by means of commutation values reaches its limits, so that the calculation approach based on Markov […]
The purpose of the online training is to open the mind for problems which are by nature not actuarial but are very much linked to typical actuarial questions. It should enable actuaries and risk managers to think out of the box and find new ways to solve their challenges. This web session is very […]
