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X-WR-CALDESC:Veranstaltungen für AKTUARVEREINIGUNG ÖSTERREICHS (AVÖ)
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DTSTART;TZID=Europe/Vienna:20230913T090000
DTEND;TZID=Europe/Vienna:20230913T154500
DTSTAMP:20260430T221336
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UID:10000326-1694595600-1694619900@avoe.at
SUMMARY:EAA Web Session: How Can Actuaries Tackle Inflation and its Consequences?
DESCRIPTION:Inflation does not come and does not go on its own. Although many actors on financial markets hoped for a temporary inflation caused by supply chain disruptors\, things have changed due to uncertainty from a geopolitical and financial markets perspective. Interest rate curves are now starting to be inverse and recessions are potentially only off the table due to the strong demand on the labour market. \n  \nHowever\, the core inflation is Europe is further increasing\, which is causing concern. Salary increases start to become far higher than in the past\, although it is not compensating for the full inflation losses. \n  \nWhat are the main drivers for the change of opinion? Without being exhaustive the following points can be mentioned: \n\nCentral Bank’s quantitative easing actions 2. Increase of energy prices (esp. oil and gas) 3. Increase of Wheat prices 4. Increase of prices of semiconductors\n\n  \nThese effects were significantly stressed by: \n– The war in the Ukraine \n– The ESG effects (Carbon certificates and pricing increases due to tax effects over CO2  levies). \n  \nInflation comes with many challenges for businesses in general and insurance business in particular. Due to the long term nature of the business inflation can be very toxic. This is especially true for situation of negative real interest rates\, which seems to be over now. The situation has changed since the Ukraine war. The FED and the ECB have increased interest rates  recently. Real rates are still negative. \n  \nWhy should you attend this course? \nIf one of the following descriptions fits to your situation\, the course might be exactly right for you: \n\nYou are responsible in the second line for (financial) risk management and you want a handle on inflation risk\, 2. You have senior management responsibility and you would like to understand your options to mitigate inflation\, 3. You are working in general insurance and you would like to understand where your business is vulnerable to inflation\, 4. You are responsible for product management in your organisations and you would like to understand the impact of inflation on your product settings\, 5. You need to reflect the inflation risk in your ORSA.\n\n  \nWhat approach do we take? \nIn order to have a common understanding of inflation we start with the historic background and pick up recent research on hyperinflation. We also look at the consequences of inflation for our customers\, especially in the retirement age. In the second part we analyse the various impacts of inflation in workshops and discuss potential mitigating actions. \n  \n  \nAnmeldeschluss: 2023-09-11
URL:https://avoe.at/event/eaa-web-session-how-can-actuaries-tackle-inflation-and-its-consequences/
CATEGORIES:European Actuarial Academy (EAA)
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BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20230926T090000
DTEND;TZID=Europe/Vienna:20230926T123000
DTSTAMP:20260430T221336
CREATED:20230220T123224Z
LAST-MODIFIED:20230220T123224Z
UID:10000291-1695718800-1695731400@avoe.at
SUMMARY:EAA Web Session: System Migrations of Life Insurance Contracts: DON’T JUST MIGRATE
DESCRIPTION:In recent years\, insurance companies have been exposed to a lot of challenges. These make them reflect on serving their customers that have been a client for many years and years to come. Life insurance contracts are typically underwritten for a very long duration and in times that technology and legal requirements were very different from today. Technological solutions also become outdated after a while and the experts that knew everything about those old products or systems are increasingly retiring. Because of these evolutions companies are either migrating their legacy portfolios to newer systems or are selling these to other parties that consequently move these portfolios to their systems. \n  \nThe essence of a migration is the transfer of the data from one (old) management platform to another (new) management platform. It is said that the data must be extracted from the source system\, then transformed so that it can be uploaded into the target platform. The migrated life insurance contracts are then further managed on the target platform. \n  \nThe art of migrating is to ensure that ultimately all parties involved benefit from it. After the migration\, the life insurer should be able to offer a preferably better service at a preferably lower management cost. \n  \nWe take the position that this goal can be achieved by not only migrating life insurances data-technically. In many cases\, it is best to also renew the underlying life insurance technique of the life insurance contracts\, so that the migrated life insurance policies are more in line with the calculation and management techniques of the target management platform. The contractual rights of policyholders or beneficiaries must not be prejudiced. After all\, a life insurance contract cannot be unilaterally changed by an insurer at any point\, certainly not because of a migration to a new management platform. \nAnmeldeschluss: 2023-09-22 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0370 \n  \n 
URL:https://avoe.at/event/eaa-web-session-system-migrations-of-life-insurance-contracts-dont-just-migrate/
CATEGORIES:European Actuarial Academy (EAA)
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BEGIN:VEVENT
DTSTART;TZID=Europe/Paris:20230928T090000
DTEND;TZID=Europe/Paris:20230928T170000
DTSTAMP:20260430T221336
CREATED:20230922T095153Z
LAST-MODIFIED:20230922T095153Z
UID:10000367-1695891600-1695920400@avoe.at
SUMMARY:ABGESAGT: Berufsständisches Seminar
DESCRIPTION:DIESES SEMINAR WIRD ABGESAGT! \nDas Seminar wird voraussichtlich kommendes Jahr wieder an der TU organisiert. \n  \nAktuar:innen sind versicherungs- und finanzmathematische Sachverständige\, die überwiegend im Versicherungs-\, Pensions- und Finanzwesen tätig sind. Sie sind Expertinnen und Experten in der Anwendung mathematisch-statistischer Methoden unter Berücksichtigung der rechtlichen und ökonomischen Rahmenbedingungen. Ihre fachlich unabhängige Expertise setzen sie in Unternehmen\, öffentlichen Einrichtungen oder als Selbstständige zum Nutzen der Kundinnen und Kunden sowie für Aufsichtszwecke ein. \nZur Förderung des Berufsstands verlangt die AVÖ (Aktuarvereinigung Österreichs) vor der Aufnahme in die Sektion Anerkannter Aktuare unter anderem die Teilnahme an einem berufsständischen Seminar. Die Inhalte entsprechen internationalen Anforderungen\, insbesondere jenen des IAA Education Syllabus. \nZur Teilnahme am Seminar sind auch Anerkannte Aktuarinnen und Aktuare herzlich eingeladen\, diese können für die Teilnahme sechs CPD-Punkte erwerben. \nZeitplan: \nBegrüßung \n\nBerufsbild Aktuar\nRechtliche Anforderungen\n\nKaffeepause 10:15-10:30 \n\nAktuarielle Funktion\, Solvency 2\nVerantwortlicher Aktuar\n\nMittagessen 12:00 – 13:00 \n\nCPD\nStandesrecht\nVersicherungsverband Österreichs\n\nKaffeepause 15:00 – 15:15 \n\nInternationale Organisationen\nWirtschaftsprüfung und Beratung
URL:https://avoe.at/event/abgesagt-berufsstaendisches-seminar/
LOCATION:Hotel Regina\, Rooseveltplatz 15\, Wien\, 1090\, Österreich
ORGANIZER;CN="%C3%96FdV GmbH":MAILTO:sekretariat@oefdv-gmbh.at
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