The goal of the two-day web session is to provide participants with a comprehensive introduction to the new measurement, presentation and disclosure guidance for insurance contracts. It will cover life, health and non-life business, including the special guidance on direct participating contracts and shorter term non-life contracts and give useful examples. In the web […]
This session aims at analysing the impact of IFRS17 versus Solvency II. After a general description of both frameworks, we highlight the most recent expected changes following the Solvency II review with a focus on discount rates and risk margin. We will then explain IFRS17 accounting choices versus Solvency II and benchmark those. Finally, we […]
As Insurance is being impacted by new and disruptive technology, how will actuarial reserving techniques be impacted? Whilst triangle methods have traditionally been seen as the key methods in the reserving area, this may be challenged in the future by more complex expectations, improving technology, modelling capabilities, etc. Reserving practices are expected to keep […]
The goal of this three-hour web session is to provide participants with a comprehensive introduction on the new IFRS reporting requirements for insurance contracts after go-live of IFRS 17. Focus will be the illustration of the new reporting requirements of IFRS 17 to “demystify” the new presentation requirements on the IFRS balance sheet and the […]
The debate on climate change has rapidly evolved in recent years. It is no longer on whether the evidence of human impact on climate change is real, but on whether key mitigating strategies being adopted are sufficient. For insurance industry, climate change manifests itself through a variety of risks on the asset and liability […]
How to valuate future cash flows is a fundamental problem in both finance and actuarial science. (Pricing of financial products, premium and technical provisions of insurance contracts). However, traditional ways of valuing actuarial or financial liabilities are quite different. In Finance, the pricing is based on risk neutral expectations of discounted cash flows, originally justified […]
This web session is one part in a course that consists of four modules. They can be booked as a whole series to fulfil the requirements for receiving the CERA designation, or individually as CPD training. Written exams on the course are offered subsequently. Please contact your actuarial association regarding the recognition of the […]
Based on the building blocks known from Basic, we want to deepen some topics and present further important topics from the field of Actuarial Data Science. In this three-day training, we cover a wide range of topics. This includes an advanced introduction to the concepts and terms of artificial intelligence, modern data management concepts (with […]
This ALM training starts with a first part that is primarily an introduction to main concepts of ALM and is therefore particularly suited for participants coming from different departments (for instance, people dealing with own risk solvency assessment techniques or enterprise risk management) and wanting to develop a broader view on what ALM is and […]
By the end of the seminar, participants will leave with a toolkit of explainability techniques, an in-depth understanding of model interpretability, and the ability to use XAI approaches in practical actuarial applications. Participants will also understand mathematical principles behind key XAI techniques, evaluate the strengths and limitations of XAI methods, run a machine learning […]
Over the last years, typical data science tasks like data manipulation and modelling have gained a stronger foothold in the day-to-day professional life of the actuary. Open source languages are renowned to be especially equipped to deal with these kind of tasks, but can also be tricky to get started with, especially when one has […]
Climate Risk scenarios are commonly used in the insurance industry for stress testing, but interpreting and communicating results is often challenging, given strong limitations and complex assumptions. Why are physical stresses often so low, and what can be done about this? What is the impact of the recent surge in fossil fuels on transition risk? […]
