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X-WR-CALDESC:Veranstaltungen für AKTUARVEREINIGUNG ÖSTERREICHS (AVÖ)
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BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260202T100000
DTEND;TZID=Europe/Vienna:20260202T120000
DTSTAMP:20260424T142042
CREATED:20251023T102928Z
LAST-MODIFIED:20251023T102928Z
UID:10000565-1770026400-1770033600@avoe.at
SUMMARY:EAA Web Session 'Volatility Adjustment under Solvency II'
DESCRIPTION:The Volatility Adjustment is a key component of the Solvency II prudential framework with a significant impact on the EU sector. This session aims at explaining the evolution of the VA under the current formula versus the new formula following the new SII directive applicable as from 30/01/27. We will explore on how the deficiencies have been addressed and how undertakings can prepare be “VA proof” for 2027. We will also focus on how to manage basis risk coming from the VA as part of the ORSA.
URL:https://avoe.at/event/eaa-web-session-volatility-adjustment-under-solvency-ii-4/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260202T100000
DTEND;TZID=Europe/Vienna:20260202T120000
DTSTAMP:20260424T142042
CREATED:20251023T131836Z
LAST-MODIFIED:20251023T131836Z
UID:10000576-1770026400-1770033600@avoe.at
SUMMARY:EAA Web Session Volatility Adjustment under Solvency II
DESCRIPTION:The Volatility Adjustment is a key component of the Solvency II prudential framework with a significant impact on the EU sector. This session aims at explaining the evolution of the VA under the current formula versus the new formula following the new SII directive applicable as from 30/01/27. We will explore on how the deficiencies have been addressed and how undertakings can prepare be “VA proof” for 2027. We will also focus on how to manage basis risk coming from the VA as part of the ORSA.
URL:https://avoe.at/event/eaa-web-session-volatility-adjustment-under-solvency-ii-5/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260203T100000
DTEND;TZID=Europe/Vienna:20260203T120000
DTSTAMP:20260424T142042
CREATED:20251023T110447Z
LAST-MODIFIED:20251023T110447Z
UID:10000567-1770112800-1770120000@avoe.at
SUMMARY:AI in Insurance: Strategic Imperative & The Actuary’s New Frontier
DESCRIPTION:The insurance industry is undergoing a profound transformation\, driven by the integration of\nArtificial Intelligence (AI) technologies across the entire value chain. From underwriting and pricing to claims handling and customer interaction\, AI is reshaping traditional processes and enabling insurers to operate with greater speed\, precision\, and insight. As AI becomes a strategic lever for sustainable value creation\, insurers must address not only technical implementation but also governance\, regulatory compliance\, and ethical considerations.\nThis transformation creates a pivotal opportunity for actuaries. With their deep expertise in the insurance business\, data and risk modeling\, and the regulatory landscape\, actuaries are\nuniquely positioned to lead AI initiatives. Their role is evolving – from traditional tasks such as valuation and reserving to becoming key enablers of AI-driven innovation. Crucially\, actuaries can drive AI-powered solutions not only within their core actuarial functions but also across the entire organization. By bridging the gap between data science and business strategy\, they ensure that AI solutions are technically robust\, aligned with business objectives\, and compliant with regulatory expectations. Now is the time for actuaries to embrace this expanded role and actively shape the future of insurance.
URL:https://avoe.at/event/ai-in-insurance-strategic-imperative-the-actuarys-new-frontier/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260209T093000
DTEND;TZID=Europe/Vienna:20260209T120500
DTSTAMP:20260424T142042
CREATED:20251023T114122Z
LAST-MODIFIED:20251023T114122Z
UID:10000569-1770629400-1770638700@avoe.at
SUMMARY:EAA Web Session From Excel Tariff Calculators to LLM-Powered Python Code
DESCRIPTION:Excel-based tariff calculators remain a cornerstone of actuarial work in life insurance\, but they come with well-known limitations: complex formulas and embedded VBA code\, a lack of transparency\, and difficulties in scaling or integrating with modern IT environments. For actuarial migrations and product validations\, these tools are still widely used – yet they are also one of the main bottlenecks when it comes to efficiency and reproducibility.\nRecent advances in Large Language Models (LLMs) provide new opportunities to overcome these challenges. Instead of manually rewriting legacy Excel logic\, actuaries can now use LLMs to automatically port existing tariff calculators into structured\, well-tested Python code. This enables reproducibility\, improves maintainability\, and opens the door for automation in future\nactuarial workflows.\nIn this web session\, we will showcase two complementary approaches to this task. The first approach is a “crafted” workflow\, where actuaries interact directly with the LLM using screenshots\, formulas\, and VBA modules to achieve a working Python prototype within a short time. The second approach is an “industrial” workflow\, designed for repeatability and automation\, where Excel structures are systematically exported into text formats and processed end-to-end by the LLM. Both approaches will be illustrated with a real-life life insurance example\, highlighting their strengths\, limitations\, and practical implications.\nParticipants will not only see how LLMs can handle complex actuarial logic\, but also how such methods can reduce manual effort\, accelerate migration projects\, and prepare actuarial teams for a future where AI becomes a natural part of actuarial toolchains. The session bridges the gap between everyday actuarial work in Excel and modern coding environments\, showing how actuaries can leverage LLMs to make the transition both approachable and scalable.
URL:https://avoe.at/event/eaa-web-session-from-excel-tariff-calculators-to-llm-powered-python-code/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20260217
DTEND;VALUE=DATE:20260221
DTSTAMP:20260424T142042
CREATED:20251023T120933Z
LAST-MODIFIED:20251023T120933Z
UID:10000570-1771286400-1771631999@avoe.at
SUMMARY:EAA Web Session CERA\, Module A: Quantitative Methods of ERM
DESCRIPTION:The 4-day web session assists actuaries in broadening their knowledge about modern\nquantitative 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 an introduction to the modern theory of risk measures. Next\, a number of statistical techniques are discussed\, that are highly\nactuarial-academy.com relevant for the analysis of actuarial and financial data and for the model-building process in risk management. Among others\, we will consider extreme value theory\, dependence modelling\, copulas\, and various aspects of integrated risk management. The training continues with an introduction to the modelling and the management of interest rate and credit risk. In particular\, participants will learn how to price simple interest options or Credit Default Swaps\, how to account for counterparty risk and how to deal with credit portfolio risk.\nThe web session consists of lectures and exercise sessions. In fact\, exercise sessions\, where various exercises and supplementary examples are discussed\, form an integral part of the seminar: they help the participants to understand the qualitative and quantitative techniques introduced in the lectures\, and they are a key element in the preparation for the CERA exam.
URL:https://avoe.at/event/eaa-web-session-cera-module-a-quantitative-methods-of-erm-5/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20260217T170000
DTEND;TZID=Europe/Vienna:20260217T180000
DTSTAMP:20260424T142042
CREATED:20260130T103923Z
LAST-MODIFIED:20260213T083323Z
UID:10000617-1771347600-1771351200@avoe.at
SUMMARY:AMC: Spread Risk in Balance Sheet Valuation and Projection: Options and Guarantees
DESCRIPTION:As a major risk driver and source of income\, spread risk is often overlooked when it comes to the risk neutral valuation of the options and guarantees and the real-world projection for e.g. asset liability management\, capital planning or ORSA calculations. In this talk\, we will discuss taking the spread risk into account for both valuation and projection. \nAbout the speaker\nDr. Marcel Smith FRM is a principal consultant and one of the founding partners of MavenBlue. Marcel has headed investments and risk at several insurance companies in the Netherlands and abroad and is an expert in financial risk management\, asset liability management\, product development\, operations research\, quantitative modelling and parallel computing. \n  \nVortrag im Rahmen des Actuarial Modelling Clubs (AMC). \nTeilnahme in Präsenz an der TU Wien als auch online möglich.\nDie AVÖ vergibt für die Teilnahme an dieser Veranstaltung 1 CPD-Punkt.\nEs gibt keine Teilnahmegebühr. \nDie Firma MavenBlue lädt im Anschluss an den Vortrag zu einem Umtrunk mit Brötchen ein! \nFür Details und Anmeldung siehe Veranstaltungsseite:\nhttps://fam.tuwien.ac.at/vr/20260217.php\nAnmeldeschluss: 2026-02-17 \n 
URL:https://avoe.at/event/amc-spread-risk-in-balance-sheet-valuation-and-projection-options-and-guarantees/
LOCATION:Freihaus Hörsaal 8 TU Wien\, Wiedner Hauptstraße 8-10\, Wien\, Wien\, 1040\, Österreich
CATEGORIES:Actuarial Modelling Club (AMC)
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20260223
DTEND;VALUE=DATE:20260226
DTSTAMP:20260424T142042
CREATED:20251023T121756Z
LAST-MODIFIED:20251023T121756Z
UID:10000571-1771804800-1772063999@avoe.at
SUMMARY:EAA Web Session Actuarial Data Science – Basic
DESCRIPTION:Due to technological progress in connection with Data Science and Digitalization\, summarized under the buzzword Big Data\, a plethora of opportunities and challenges for the industry is arising. Technological developments have now also reached the insurance industry and thus have a direct impact on the working world of actuaries.\nUnder the heading Actuarial Data Science\, the procedures and methods of data mining are embedded in the actuarial context. These range from mathematics-driven statistical methods for derivation of insights from data to computation-driven methods sometimes summarized as machine learning. As a result of almost unlimited computing capacity through cloud computing and wide availability of training data\, tried and tested methods of machine learning\, such as artificial neural networks\, are experiencing a renaissance in theory and practice.\nThis seminar is the first part of a four-part series at the German Actuarial Association (DAV)\, where we cover a wide variety of topics ranging from fundamentals of digitalization in the insurance industry to data management and deep learning. Also\, it is based on the learning objectives of the DAV for Actuarial Data Science Basic\, which is part of the actuarial training in Germany.
URL:https://avoe.at/event/eaa-web-session-actuarial-data-science-basic-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
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