Insurance companies are currently quite busy with IFRS17 and devote relatively little attention to IFRS9, its equivalent on the asset side that will go live simultaneously. The complexity of this standard must however not be underestimated. If only regular bonds, but also some banking products, appear on the balance sheet, IFRS9 poses quite some challenges. […]

The 3-day web session assists actuaries in broadening their knowledge about modern quantitative financial and actuarial modelling; these topics form an essential part of the CERA syllabus. At the beginning of the online training we give a brief overview of the EAA-route to the CERA designation. The core part of the web session begins with […]

The 3-day web session assists actuaries in broadening their knowledge about modern quantitative financial and actuarial modelling; these topics form an essential part of the CERA syllabus. At the beginning of the online training we give a brief overview of the EAA-route to the CERA designation. The core part of the web session begins with […]

The consequences of biodiversity and ecosystem loss for humanity as a whole are potentially devastating. Ecosystems and biodiversity, among others, can be considered a source of defence against the effects of climate change and are closely interconnected with it.   Omitting to consider the importance of these aspects, mitigation and adaptation to the consequences of […]

Methodologies on Climate Scenario Analysis for insurers have been developing rapidly over last years. Ongoing attention by all stakeholders, pilot exercises all over the world and a substantial increase in awareness towards climate-related risks have incited insurers to develop and refine their stress testing capabilities on climate-related risks.   In this session, we will talk […]

The economic model of insurance is based on mutualization. Roughly speaking, this consists in considering that the good results of the majority of the insureds compensate for the losses linked to the claims of a minority. Mathematically, it is based on the law of large numbers and the central limit theorem. But new risks, on […]

This module deals with the challenges of implementing ERM Processes. It includes requirements on ERM Processes and the discussion of best practices. It will be presented how to define an organisation’s risk strategy, risk appetite, risk tolerances and limits. We discuss how business strategy influences risk strategy and show their necessary interaction. We demonstrate the […]

The present training is concerned with the question of economic capital in corporate management. Key aspects are economic valuation and performance, economic steering, key performance indicators, and value based management. A simplified case study for a life insurer shows in a nutshell the central aspects of corporate management in practice. The course consists of lectures […]

For an insurance company, ensuring the proper coordination between assets and liabilities in order to achieve targeted financial objectives is of paramount interest. A strategy used to reach such objectives is "asset and liability management" (ALM in short). ALM can therefore be viewed as any ongoing process that defines, implements, and monitors financial strategies to manage […]

The aim of this web session is to present some advanced actuarial/statistical techniques used in non-life pricing, competition analysis and profitability analysis. The websession focuses on some practical problems faced by pricing actuaries and product managers and presents some new techniques used in non-life pricing in order to open new perspectives for product development (competition […]