European Actuarial Academy (EAA)

The two-day online web session is aimed at actuaries interested in getting started in the broad field of artificial intelligence. The aim is to teach key terms in the field of data science and artificial intelligence, essential concepts of machine learning, and social and regulatory frameworks. Developments in generative artificial intelligence will also be discussed. […]

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 […]

Artificial Intelligence is rapidly moving from experimentation to infrastructure in actuarial work. AI systems are beginning to influence decisions that were historically driven by statistical models, expert judgment, and regulatory constraints. This session focuses on understanding what is happening under the hood of modern Generative AI systems, particularly large language models and AI agents. What […]

The aim of this training is to Define what ALM is and describe the typical missions of an ALM department in an insurance company Present the financial risks on which ALM classically focus as well as the requirements of the Solvency II regulation for insurance companies Describe the essential quantitative ALM tools and methods used […]

The current Solvency II regulation will apply for the last time to the 2026 financial year. From 30 January 2027, not only will an amended Solvency II framework enter into force, but the Insurance Recovery and Resolution Directive (IRRD) will also become applicable. Currently the supervisory authority is responsible for the (microprudential) supervision of insurance […]

In the modern economy, where many businesses integrally depend on functioning IT systems and digital services, cyber insurance has emerged as one of the fastest-growing insurance lines. Likewise, the challenges for actuaries in adequately assessing, modelling, pricing, and managing this complex and ever-evolving risk are manifold. In this session, we will delve into key aspects […]

This web session provides a structured and practical walkthrough of the Own Risk Assessment (ORA) under IORP II. We begin with a concise overview of the European pension landscape and supervisory expectations, followed by a clear comparison between ORA and ORSA. The core of the session focuses on the practical building blocks of a robust […]

The amended Solvency II and the IRRD (Insurance Recovery and Resolution Directive) will become applicable as of 30 January 2027. They will extend the scope of actuarial work considerably. While basic actuarial tasks remain unchanged, additional requirements will need the involvement of actuaries.  The choice of appropriate scenarios for the medium- and long-term analysis of […]

The main improvement in insurance accounting under IFRS 17 was to align the income statement with modern accounting principles. IFRS 17 requires differentiation between movements of the insurance contract liability that represent earnings received for providing services and are presented as insurance revenue, expenses resulting from the provision of services, and insurance finance income or […]

The goal of this web session is to provide a comprehensive explication of the actuarial methods in Health SLT insurance which are commonly used in European jurisdictions. Case studies are presented to introduce some recent developments in the design of life-long health covers. By the end of the online training, participants will have an understanding […]

The session aims to provide participants with a comprehensive introduction regarding the risk adjustment concept under IFRS 17. We will shed light on the general concepts behind risk adjustment and its application within IFRS 17 and illustrate the importance of risk adjustment in measuring, presenting, and disclosing insurance contracts. The online training will also provide […]

The goal of this two-day training is to introduce the participants to the R open-source ecosystemand to give them a good understanding of this languages. However, since both ecosystems are way too vast to be covered in merely two days, the participants will be asked to go through the basics of both languages themselves, prior […]