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 […]

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), […]

With the introduction of new accounting frameworks, the corresponding alignment of planning and performance management and with the increasing need for sophisticated asset liability management, the stochastic assessment of risk and value in connection with participating life insurance portfolios has become the industry standard over the last decade. The underlying basis for such an assessment […]

This lecture will aim to understand the current and future effects of air pollution, particularly on mortality, and its impact on insurance activities. The lecture will also provide participants with tools to reimplement their own model to integrate environmental factors into risk analysis and challenge conventional assumptions. The lecture will provide the ability to reach […]