The objective of this web session is to provide an educational experience by discussing the benefits, challenges, and concerns associated with these therapies. While from a mainly U.S. perspective, we will also address issues relevant to European countries. We will examine current and future treatments and the financial and non-financial issues at play. We will […]
IFRS 17 requires that risks inherent in the cash flows of the insurance contracts are considered in measurement, differentiating between financial risks and non-financial risks. While the financial risks are measured at their current (estimated) market value, non-financial risks are measured at “the compensation that the entity requires for bearing the uncertainty about the amount […]
This session aims at explaining the evolution of the Volatility Adjustment (VA) under the current formula versus the new formula following the SII review and how the deficiencies have been addressed. We also focus on how to manage basis risk coming from the VA as part of the ORSA. Anmeldeschluss: 2024-02-20
To enhance the applicability of the PAA, judgment of the details of the eligibility criteria is needed. We will discuss those details and the hurdles included. Further, we will discuss the details of the PAA measurement particularly in comparison with traditional methods which might be applied as approximation. The combination of the simplified approach together […]
Technology drives actuarial calculations. The more and better we are able to calculate risks due to advances in technology, the regulators and auditors expect to see this embedded into companies. This session will focus on State of the Art Technology in Actuarial Science. Technological improvements have the goal to make our day-to-day jobs easier […]
Credit risk arises from the potential that a borrower or counterparty fails to meet its financial obligations. This can be related to a deterioration of the financial or liquidity position of the counterparty ultimately leading to default. The sources and propagation of credit risk can be both specific and systemic. Insurers and banks are significantly […]
Solvency II-Review was initiated in February 2019 with Commission’s request for technical advice to EIOPA. This advice constituted the basis for Commission’s proposal for an amendment of the SII-framework and the proposal to deal with recovery and resolution in a separate Directive. Council and later Parliament proposed numerous amendments to these proposals. These have been […]
The seminar will alternate between methodological concepts, practical examples and case studies in order to ensure a comprehensive understanding of the techniques presented. The instructor-led sessions will take place online over four days between 9:00 and 12:30. The participants will be requested to look at 14 e-learning capsules (of around 30 minutes each): […]
The web session will cover the guidance of IFRS 17 specific for reinsurance contracts, explain their meaning and background, and discuss practical challenges in implementing the guidance. Further, some exemplary challenges arising from applying the general guidance to reinsurance contracts, particularly more complex forms, are explained. The session will focus mainly on risk cessions, i.e. […]
We intend to give an introduction to the concepts of Actuarial Data Science and its applications. We start at the very beginning, so no prior knowledge is required. In this three-day seminar, we cover a wide range of topics. This includes a basic introduction to the concepts and terms of artificial intelligence, modern data […]
This session will cover various practical aspects around physical climate risk modelling and scenarios analysis, including: Understanding how climate change affects different natural catastrophe risks for insurers. Exploring the modelling of physical hazards under climate change for location-based portfolios and discuss peer-reviewed data that can be leveraged for this assessment. Step-by-step walkthrough of key elements […]
Recent developments and events have put some specific Emerging Risks in the spotlight, such as geopolitical risk, artificial intelligence, and climate change. However, there is a large number of further topics in the Emerging Risks universe that might warrant equal attention. Their assessment requires a solid process for identification and analysis, using industry-standard resources and […]
