Natural Catastrophe Models are a key ingredient for the assessment of Nat Cat risk. Questions like “What losses do we expect from catastrophic events on average?” and “What losses do we need to expect in the worst case?” are becoming more and more relevant, in particular considering climate change. Natural Catastrophe Models try to answer […]
This session aims at giving an overview of the initiatives taken by EIOPA on Sustainability. We will then focus on ORSA explaining best practices on materiality assessment and scenarios. A summary of existing stress tests will be presented. We end up with a survey on climate ORSA. Anmeldeschluss: 2023-11-08
In recent years, machine learning techniques have found their way into the insurance world. While these methods generally improve model accuracy, both explainability and manual interventions continue to play a key role in risk and tariff modelling. This is why practitioners in many lines of business still apply Generalised Linear Models (GLMs) today for non-life […]
Recent developments and events have put some Emerging Risks in the spotlight, such as geopolitical risk, artificial intelligence, and climate change. However, there is a large number of further topics in the Emerging Risks universe that might warrant equal attention. Their assessment will always have to be specific to the individual company and its activities […]
Various practical techniques and insights used in institutional asset management are less known to actuarially trained persons. As is often the case with practical applications, when you have seen an example, you appreciate a method. The course is divided into two-morning sessions from 9:00 to 12:30 with a half-hour break. The course has two aims. […]
The web session "A Refresher Course in Financial Mathematics" gives an introduction to modern financial mathematics and derivative pricing. It is designed to prepare actuaries without adequate training in these fields for the quantitative parts of the CERA education. The web session is moreover an ideal learning opportunity for actuaries who want to become acquainted […]
Cross-Border business plays an important role in Europe´s insurance industry. For anyone running this business some topics are obvious. These are especially legal issues. Insurance supervision laws have been harmonised by Solvency, but not (yet) insurance contract laws or tax legislation. Even if these laws have substantial influence on the calculation of tariffs, the […]
Dr Albert Einstein had a famous quote: “In theory, theory, and practice are the same. In practice, they are not.” Since 1900, science has tried discovering insights about (institutional) investing. This course discusses learning points and trends of well-known methods such as asset liability management. The approach is based on experience to indicate where theory […]
Dr Albert Einstein had a famous quote: “In theory, theory, and practice are the same. In practice, they are not.” Since 1900, science has tried discovering insights about (institutional) investing. This course discusses learning points and trends of well-known methods such as asset liability management. The approach is based on experience to indicate where theory […]
So far, most of the industry’s player approached ESG risks exclusively from a scenario analysis perspective. However, scenario data can only cover a small portion of all ESG risk factors, while Risk Management should be able to get a comprehensive view of all risks an entity is exposed to. The integration with approaches that enable […]
The web session first gives an overview of current practices of applications of telematics in Europe and outside of Europe. Then best practices in pricing with telematics will be discussed and that leads to an actuarial discussion about the inclusion of big telematics data into the actuarial data-pool. The web session will close with some […]
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 as […]
