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 […]

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 […]

This session aims at explaining the evolution of the interest rate capital requirement under the current formula versus the new formula following the SII review and how the deficiencies have been addressed. Anmeldeschluss: 2024-01-29

Mortality curves are a critical ingredient for the valuation of any longevity-related product (for example, pensions, life insurance, reverse mortgages). Typically, several statistical agencies provide mortality curves differentiated on gender per country. However, it has been documented that people’s mortality prospects differ beyond their differences in gender. Income, education, job type, etc might all have […]

Mortality curves are a critical ingredient for the valuation of any longevity-related product (for example, pensions, life insurance, reverse mortgages). Typically, several statistical agencies provide mortality curves differentiated on gender per country. However, it has been documented that people’s mortality prospects differ beyond their differences in gender. Income, education, job type, etc might all have […]

This session aims at explaining the sources of liquidity, the requirements and supervisory measures under Solvency II, possible approaches and metrics to monitor and manage this risk.   We start the session by illustrating liquidity issues on historical cases in the insurance sector and their propagation in the financial system. After the introduction, we explain […]