Through engaging lectures, interactive exercises, and real-world examples, you will learn the fundamentals of storytelling, develop and craft your own story and practice the “telling” of that story. The seminar welcomes your active participation for individual and group exercises with the aim of applying the theory as soon as possible, especially to work on your […]

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. This session will provide practical guidance on stress testing application in the ORSA context, focusing on financial risks, and provide context and foundations necessary in order to communicate […]

Pension funds link generations simply by the time scale of their transactions. Participants pay pension contributions for decades so that getting benefits after retirement, hopefully again for decades. During the course of their career new cohorts start their working life, so there is always active and retired living side-by-side. One group is only paying into […]

Due to the recent shifts in capital markets and a stricter regulatory environment, insurers need to rethink their product offerings to stay ahead of the competition and offer life and savings solutions well suited to the various requirements of policyholders. This includes the need for capital guarantees in combination with strong performance engines and the […]

This web session focuses on the aggregation of individual risks to the overall level of an insurance company. To achieve this, we apply both deterministic and stochastic copula-based approaches, along with key risk measures such as Value-at-Risk (VaR) and Expected Shortfall (ES). The outcome of this process is the capital requirement, which must be covered […]

In general, machine learning (ML) is the study of algorithms that improve through experience. These algorithms or models can make systematic, repeatable, validated decisions based on historical data. ML has come a long way in recent years, which is reflected in the methods available for time series forecasting (they are also important for assessing parameters […]

In both life and general insurance, many predictive modelling tasks involve outcomes that occur infrequently—such as policy lapses, claims, or fraud. This leads to class imbalance, a situation where the target variable’s classes are not represented equally in the data, often with one class (e.g. policy lapse) being vastly outnumbered by the other. If not […]

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 […]

During the web session, we will first explore the theoretical foundations of both the bias-variance trade-off in predictive modelling and general GLM regularisation. We will then study the explicit design of the algorithm. The remainder will be hands-on as we provide extensive code that implements the algorithm in the statistical programming language R. We will […]

The online seminar will explore selected AI applications relevant to the actuarial profession, focusing not only on potential use cases but also on how actuaries can responsibly design, validate, and monitor AI models. Participants will learn how to build compelling business cases for AI initiatives and understand where actuarial expertise offers unique value in ensuring […]

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), […]