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BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20230628T093000
DTEND;TZID=Europe/Vienna:20230630T123000
DTSTAMP:20260416T020433
CREATED:20230414T195227Z
LAST-MODIFIED:20230414T195227Z
UID:10000329-1687944600-1688128200@avoe.at
SUMMARY:EAA Web Session: Assets and Liabilities Management (Part 2: Advanced)
DESCRIPTION: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 manage assets and liabilities together. \n  \nIn recent years\, the modelling tools used in ALM strategies have become increasingly sophisticated and the technical aspects of current insurance regulation have increased. As a result\, some ALM aspects have become more and more difficult to understand and master. \n  \nThe aim of this training is to: \n– Define what ALM is and describe the typical missions of an ALM department in an insurance company \n– Present the financial risks on which ALM classically focus as well as the requirements of the Solvency II regulation for insurance companies \n– Describe the essential quantitative ALM tools and methods used by insurance companies to evaluate and mitigate the risks \n– Illustrate the different concepts through numerical examples and case studies to make it practical and not just theoretical \n  \nThis ALM training starts with a first part (bookable separately) primarily an introduction to main concepts of ALM and is therefore particularly suited for participants coming from different departments (for instance\, people dealing with own risk solvency assessment techniques or enterprise risk management) and wanting to develop a broader view on what ALM is and how it works. It is also well suited for newcomers or people wanting to refresh their mind on these concepts. Note that the training is not limited to people working in ALM or treasury departments but is also adapted to other departments. \n  \nThis second part is more advanced and intended for those wishing to gain more in-depth expertise on the topics. It includes some mathematical technicity\, but nothing that goes further than a solid high school level. \n  \nThe participants can follow a single part or both. \n  \n  \nAnmeldeschluss: 2023-06-26
URL:https://avoe.at/event/eaa-web-session-assets-and-liabilities-management-part-2-advanced/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20230626T093000
DTEND;TZID=Europe/Vienna:20230626T113000
DTSTAMP:20260416T020433
CREATED:20230414T195114Z
LAST-MODIFIED:20230414T195114Z
UID:10000328-1687771800-1687779000@avoe.at
SUMMARY:EAA Web Session: Price Walking\, Demand Modeling & Price Elasticity
DESCRIPTION:Price walking\, demand modeling and price elasticity between theory\, regulation and practice \n  \nIn recent years\, a lot of progress has been made in predictive modeling in theory and practice. This leads in particular to stronger technical models in pricing\, but related issues such as demand modeling are also receiving more and more attention. \n  \nFirst and foremost from the regulatory side: so-called price walking\, which is characterized by the targeted setting of different prices for new and existing customers in order to exploit different price elasticities\, has been banned by the British FCA and is under consultation with EIOPA. \n  \nThat is only one reason to look at demand and price elasticity from an actuarial perspective. In doing so\, we will distinguish between different modeling approaches\, solve extrapolation problems and fundamentally think about inference from observed data to derive price elasticity. Precisely because this price elasticity is an effect of second order\, which cannot be considered without the offered price and the base demand\, which also needs to be estimated\, approaching the problem with a traditional regression mindset will not work. \n  \nFinally\, we will make the concepts discussed above concrete and explore various possible applications in a hands-on case study. \n  \n  \nAnmeldeschluss: 2023-06-22
URL:https://avoe.at/event/eaa-web-session-price-walking-demand-modeling-price-elasticity/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20230623T100000
DTEND;TZID=Europe/Vienna:20230623T120000
DTSTAMP:20260416T020433
CREATED:20230414T201918Z
LAST-MODIFIED:20230414T201918Z
UID:10000332-1687514400-1687521600@avoe.at
SUMMARY:EAA Web Session: IFRS 17: Investment Components and Other Non-Service Payments
DESCRIPTION:The needed identification of cash flows not related to services introduces new considerations in the accounting process. Those will be discussed and approaches to achieve an adequate reflection in presentation. That does not only apply to contracts with savings elements\, as in life insurance. As well non-life insurance contracts and reinsurance contracts often contain investment components and premium refunds. As well examples from those areas are presented and discussed. \n  \n  \nAnmeldeschluss: 2023-06-21
URL:https://avoe.at/event/eaa-web-session-ifrs-17-investment-components-and-other-non-service-payments-2/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20230614T090000
DTEND;TZID=Europe/Vienna:20230616T123000
DTSTAMP:20260416T020433
CREATED:20230414T195526Z
LAST-MODIFIED:20230414T195526Z
UID:10000330-1686733200-1686918600@avoe.at
SUMMARY:Assets and Liabilities Management (Part 1: Introduction)
DESCRIPTION: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 manage assets and liabilities together. \n  \nIn recent years\, the modelling tools used in ALM strategies have become increasingly sophisticated and the technical aspects of current insurance regulation have increased. As a result\, some ALM aspects have become more and more difficult to understand and master. \n  \nThe aim of this training is to: \n– Define what ALM is and describe the typical missions of an ALM department in an insurance company \n– Present the financial risks on which ALM classically focus as well as the requirements of the Solvency II regulation for insurance companies \n– Describe the essential quantitative ALM tools and methods used by insurance companies to evaluate and mitigate the risks \n– Illustrate the different concepts through numerical examples and case studies to make it practical and not just theoretical \n  \nThis ALM training starts with this first part that is primarily an introduction to main concepts of ALM and is therefore particularly suited for participants coming from different departments (for instance\, people dealing with own risk solvency assessment techniques or enterprise risk management) and wanting to develop a broader view on what ALM is and how it works. It is also well suited for newcomers or people wanting to refresh their mind on these concepts. Note that the training is not limited to people working in ALM or treasury departments but is also adapted to other departments. \n  \nThe second part (bookable separately) is more advanced and intended for those wishing to gain more in-depth expertise on the topics. It includes some mathematical technicity\, but nothing that goes further than a solid high school level. \n  \nThe participants can follow a single part or both. \n  \n  \nAnmeldeschluss: 2023-06-12
URL:https://avoe.at/event/assets-and-liabilities-management-part-1-introduction-2/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20230613T090000
DTEND;TZID=Europe/Vienna:20230613T163000
DTSTAMP:20260416T020433
CREATED:20230414T202322Z
LAST-MODIFIED:20230414T202322Z
UID:10000333-1686646800-1686673800@avoe.at
SUMMARY:EAA Web Session: IFRS 17: The Variable Fee Approach – Basics and Challenges
DESCRIPTION:Starting from the revenue recognition concepts of fee-based services\, we will discuss the qualification criteria of IFRS 17 for the VFA. Basis are certain contractual features\, including the identification of the underlying items belonging to the contract. Further conditions need to be met to qualify insurer’s share in the surplus as (variable) fee. Other contractual features like inheritance and mutualisation may add complexity to the measurement of the cash flows under a contract and their effect will be explained. Changes of the overall variable fee expected to be received under the insurance contracts influence the subsequent measurement of the Contractual Service Margin\, the key difference of the VFA to the general model. The explanation of those differences will be the main part of the afternoon. \n  \n  \nAnmeldeschluss: 2023-06-11
URL:https://avoe.at/event/eaa-web-session-ifrs-17-the-variable-fee-approach-basics-and-challenges/
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20230505T090000
DTEND;TZID=Europe/Vienna:20230505T123000
DTSTAMP:20260416T020433
CREATED:20230301T223345Z
LAST-MODIFIED:20230301T223345Z
UID:10000302-1683277200-1683289800@avoe.at
SUMMARY:IFRS 17: Guidance for Risk Adjustments
DESCRIPTION: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 and timing of the cash flows that arises from non-financial risk”. \n  \nIdentifying the uncertainties\, for both amount and timing\, factors influencing the uncertainties like random deviations or changes of risk over time and differentiating between financial and non-financial risk for quantifying the risk and identifying the entity-specific risk aversion for associating a value to the estimated quantity of risk demands a deep understanding of the concepts of IFRS 17.
URL:https://avoe.at/event/ifrs-17-guidance-for-risk-adjustments/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20230421T100000
DTEND;TZID=Europe/Vienna:20230421T120000
DTSTAMP:20260416T020433
CREATED:20230220T122403Z
LAST-MODIFIED:20230220T122403Z
UID:10000289-1682071200-1682078400@avoe.at
SUMMARY:EAA Web Session: The Aftermath of Covid-19: Impact on Disability Insurance Business
DESCRIPTION:More than three years into the pandemic\, uncertainties still remain about the ongoing and long-term impact on health caused by the Covid-19 infection and the pandemic situation. This includes sequelae of the acute infection such as „Long Covid“ as well as cardiovascular risks (e.g.\, heart attacks and strokes)\, but also indirect effects such as disrupted medical care (e.g.\, delayed cancer treatments) as well as deteriorated mental and metabolic health. These and other mechanisms may already have impacted morbidity (and may do so in the future) and may therefore affect the disability insurance business. \nThis online training aims to give an understanding of the impact of Covid-19 on morbidity and disability insurance business. The above-mentioned aspects including „Long Covid“ are explained\, and the impact on disability business is analysed based on experience of Swiss Re from several countries with focus on the differential impact on short- and long-term disability products. \nAnmeldeschluss: 2023-04-19 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0358
URL:https://avoe.at/event/eaa-web-session-the-aftermath-of-covid-19-impact-on-disability-insurance-business/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20230313T100000
DTEND;TZID=Europe/Vienna:20230313T120000
DTSTAMP:20260416T020433
CREATED:20231123T112621Z
LAST-MODIFIED:20231123T112621Z
UID:10000385-1678701600-1678708800@avoe.at
SUMMARY:EAA Web Session 'Loss of Nature & Insurers: Implications & Risk Manag. Approaches'
DESCRIPTION:The consequences of biodiversity and ecosystem loss for humanity as a whole are potentially devastating. Ecosystems and biodiversity\, among others\, can be considered a source of defence against the effects of climate change and are closely interconnected with it. \n  \nOmitting to consider the importance of these aspects\, mitigation and adaptation to the consequences of the loss of nature\, can represent a source of economic risk potentially undermining financial stability\, as well as compromising people’s physical and mental well-being. \n  \nIndustries that rely heavily on nature generate 50 per cent of global gross domestic product. In recent years\, institutional focus to the risks posed by the loss of biodiversity and ecosystems has increased\, also with specific reference to the insurance sector\, both by regulators and by the industry players themselves\, who are aware of the potential consequences for business. \nAnmeldeschluss: 2024-03-11 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0428
URL:https://avoe.at/event/eaa-web-session-loss-of-nature-insurers-implications-risk-manag-approaches/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20221130T090000
DTEND;TZID=UTC:20221130T090000
DTSTAMP:20260416T020433
CREATED:20220307T112614Z
LAST-MODIFIED:20220307T112614Z
UID:10000252-1669798800-1669798800@avoe.at
SUMMARY:EAA Web Session: Actuarial Data Science Introplication
DESCRIPTION:Introplication precisely defines the online program. We intend to give a basic and somewhat deeper introduction\, showing the most important highlights from Actuarial Data Science and its applications. We start at the very beginning\, so no prior knowledge is required. \nIn this two-day web session\, we cover a wide range of topics from the basic concepts of artificial intelligence and machine learning\, through modern data processing technologies and cloud computing\, to the mathematical and statistical concepts of data mining. On our way\, we will touch on important use cases in the actuarial environment and deepen one or the other business case. To this end\, we provide a brief insight into the widely used languages (R\, Python) and development environments in the data science context (RStudio\, Anaconda) and take a look at innovative insurance products based on individualized risk assessments (e.g. pay how you drive). The online training will be rounded off with short and concise reflections on data protection issues and principles for the ethical handling of artificial intelligence in the insurance environment. \nRegistration Deadline: 28 November
URL:https://avoe.at/event/eaa-web-session-actuarial-data-science-introplication-2/2022-11-30/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20221125T090000
DTEND;TZID=Europe/Vienna:20221125T170000
DTSTAMP:20260416T020433
CREATED:20211122T163007Z
LAST-MODIFIED:20211122T163510Z
UID:10000036-1669366800-1669395600@avoe.at
SUMMARY:EAA Web Session: Deep Learning with a Focus on Text Analysis
DESCRIPTION:The main purpose of this web session is to get the participants acquainted with DL models\, and applications on text analysis will help achieving this. To this end\, a healthy mix between theory and practice will be provided\, however\, it is important to note that some time will be spend to go through the theoretical foundations of neural networks and hence DL\, as the inner workings of these models are a bit different from the ones of the classic statistical models. \nRegistration deadline: 22 Nov. 2022
URL:https://avoe.at/event/eaa-web-session-deep-learning-with-a-focus-on-text-analysis/2022-11-25/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20221124T090000
DTEND;TZID=Europe/Vienna:20221124T170000
DTSTAMP:20260416T020433
CREATED:20211122T163007Z
LAST-MODIFIED:20211122T163510Z
UID:10000035-1669280400-1669309200@avoe.at
SUMMARY:EAA Web Session: Deep Learning with a Focus on Text Analysis
DESCRIPTION:The main purpose of this web session is to get the participants acquainted with DL models\, and applications on text analysis will help achieving this. To this end\, a healthy mix between theory and practice will be provided\, however\, it is important to note that some time will be spend to go through the theoretical foundations of neural networks and hence DL\, as the inner workings of these models are a bit different from the ones of the classic statistical models. \nRegistration deadline: 22 Nov. 2022
URL:https://avoe.at/event/eaa-web-session-deep-learning-with-a-focus-on-text-analysis/2022-11-24/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20221108T090000
DTEND;TZID=UTC:20221108T120000
DTSTAMP:20260416T020433
CREATED:20220221T121200Z
LAST-MODIFIED:20220221T121200Z
UID:10000250-1667898000-1667908800@avoe.at
SUMMARY:EAA Web Session: Machine Learning: More Art than Science?
DESCRIPTION:Machine learning is currently on everybody’s lips and seems to be a hot topic for many companies. But what is the story behind machine learning and does it really help us to make more accurate predictions? Are we able to implement systems with the ability to automatically learn and improve from experience without being explicitly programmed via training? Are we talking about black box models which cannot be controlled? What about regulatory requirements? \n… Is machine learning more art than science? \nIn this web session we want to learn more about the fast-growing field of machine learning and give answers to these questions. \nRegistration deadline: 4 November 2022
URL:https://avoe.at/event/eaa-web-session-machine-learning-more-art-than-science/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20221021T090000
DTEND;TZID=Europe/Vienna:20221021T170000
DTSTAMP:20260416T020433
CREATED:20211122T163253Z
LAST-MODIFIED:20211122T163531Z
UID:10000038-1666342800-1666371600@avoe.at
SUMMARY:EAA Web Session: Macro-Level Actuarial Reserving Models
DESCRIPTION:Over time\, the understanding of all the assumptions behind the typically used reserving models can have grown a bit stale\, and more recent developments might not have percolated all the way to the day-to-day practice. This web session will help the participants to overcome this. \nThe most widely used deterministic macro-level models\, such as the Chain Ladder and the Bornhuetter-Ferguson model\, will be discussed in full detail during this web session\, but also stochastic macro-level models\, such as the OverDispersed Poisson model or ODP model for example\, will be covered. This entails a proper freshing up of the underlying assumptions and how the model is estimated\, but also checks on determining if the chosen model is appropriate for the data at hand\, and under which circumstances one should go for one type of macro-level model or the other. \nIn this web training a detailed overview is provided of the aforementioned models and during the practical sessions\, R code is provided on how to implement most of the discussed topics\, hereby rendering the participants completely autonomous after the webinar. \nDuring the web session however\, even if practical sessions will be organized\, the main focus will be on the theory. \nRegistration deadline: 18 Oct. 2022
URL:https://avoe.at/event/eaa-web-session-macro-level-actuarial-reserving-models-2/2022-10-21/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20221020T090000
DTEND;TZID=Europe/Vienna:20221020T170000
DTSTAMP:20260416T020433
CREATED:20211122T163253Z
LAST-MODIFIED:20211122T163531Z
UID:10000037-1666256400-1666285200@avoe.at
SUMMARY:EAA Web Session: Macro-Level Actuarial Reserving Models
DESCRIPTION:Over time\, the understanding of all the assumptions behind the typically used reserving models can have grown a bit stale\, and more recent developments might not have percolated all the way to the day-to-day practice. This web session will help the participants to overcome this. \nThe most widely used deterministic macro-level models\, such as the Chain Ladder and the Bornhuetter-Ferguson model\, will be discussed in full detail during this web session\, but also stochastic macro-level models\, such as the OverDispersed Poisson model or ODP model for example\, will be covered. This entails a proper freshing up of the underlying assumptions and how the model is estimated\, but also checks on determining if the chosen model is appropriate for the data at hand\, and under which circumstances one should go for one type of macro-level model or the other. \nIn this web training a detailed overview is provided of the aforementioned models and during the practical sessions\, R code is provided on how to implement most of the discussed topics\, hereby rendering the participants completely autonomous after the webinar. \nDuring the web session however\, even if practical sessions will be organized\, the main focus will be on the theory. \nRegistration deadline: 18 Oct. 2022
URL:https://avoe.at/event/eaa-web-session-macro-level-actuarial-reserving-models-2/2022-10-20/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20221005T090000
DTEND;TZID=UTC:20221005T121500
DTSTAMP:20260416T020433
CREATED:20220610T154742Z
LAST-MODIFIED:20220610T154742Z
UID:10000104-1664960400-1664972100@avoe.at
SUMMARY:EAA Web Session: IFRS 17: Scope and Unit of Account
DESCRIPTION:Kurzbeschreibung: As first step in applying IFRSs to contracts which potentially might qualify to be in the scope of IFRS 17\, it is necessary to identify the potential unit of account under IFRS 17\, as referred to as “contract” under IFRS 17\, which is the basis of considering whether it is within the scope of IFRS 17. We will discuss the considerations to be made in identifying the unit of account\, starting from the legal contract\, the need to combine legal contracts or separate components of a legal contract to achieve a unit which is in line with substance over form. Further we will discuss the exclusion of non-substantive rights or obligations\, i.e. cash flows outside the current contract boundary. On that basis\, the scope definition of an insurance contract and other contracts within the scope of IFRS 17\, as well the scope exclusions are applied. \nAnmeldeschluss: 2022-10-03 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0328
URL:https://avoe.at/event/eaa-web-session-ifrs-17-scope-and-unit-of-account/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220919
DTEND;VALUE=DATE:20220924
DTSTAMP:20260416T020433
CREATED:20220706T083059Z
LAST-MODIFIED:20220706T083416Z
UID:10000267-1663545600-1663977599@avoe.at
SUMMARY:Convention A
DESCRIPTION:From 19 to 23 September 2022 the EAA with support of actuview will organize the first CONVENTION A as an online only conference.\nLiving the motto “Connecting Knowledge”\, actuarial experts from all around the world will join the unique format of the CONVENTION A: Over five days and throughout all time zones\, actuaries and partners from science and industry will come together to discuss the most relevant topics of the profession. Connecting knowledge and people\, opening global perspectives and shaping the future together – that’s what CONVENTION A stands for! \nThe event programme is jointly created by many institutions from the actuarial community and companies active in the insurance industry who will contribute at least one four-hour programme block during the event week. A highlight of each of the five congress days will be the plenary sessions. Virtual dialogs will be initiated with top decision-makers from the international business\, academic and political communities\, together with professionals and executives from the finance and insurance industries and beyond. Topics of the future – be it climate change\, mobility or artificial intelligence will be viewed and discussed from different perspectives. \nRegister here!
URL:https://avoe.at/event/convention-a/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20220623T100000
DTEND;TZID=UTC:20220623T120000
DTSTAMP:20260416T020433
CREATED:20220221T090130Z
LAST-MODIFIED:20220221T120444Z
UID:10000054-1655978400-1655985600@avoe.at
SUMMARY:EAA Web Session: How to Read the New IFRS Balance Sheet for Insurers
DESCRIPTION:The goal of the two hours web session is to provide participants with a comprehensive introduction on the new IFRS reporting requirements for insurance contracts after go-live of IFRS 17. Focus will be the illustration of the new reporting requirements of IFRS 17 to „demystify“ the new presentation requirements on the IFRS balance sheet and the statement(s) of financial performance (Profit and Loss as well as Other Comprehensive Income). The web session will also briefly compare key aspects of the new reporting requirements to today’s IFRS 4-reporting practice\, contain a brief summary of the main information which can be found within the new IFRS 17 reporting and cover the different aspects for primary and reinsurance related business. \nOverall\, the goal is to enable participants to understand the IFRS 17 reporting and help transferring the reporting requirements into the specific situation of the participant. It is thus intended to prepare participants for implementation\, testing\, reviewing and consulting with management\, accounting and auditors. \nRegistration deadline: 21 June 2022
URL:https://avoe.at/event/eaa-web-session-how-to-read-the-new-ifrs-balance-sheet-for-insurers/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220614T093000
DTEND;TZID=Europe/Vienna:20220614T124500
DTSTAMP:20260416T020433
CREATED:20220207T084720Z
LAST-MODIFIED:20220207T084720Z
UID:10000042-1655199000-1655210700@avoe.at
SUMMARY:EAA Web Session: IFRS 17 – The Premium Allocation Approach
DESCRIPTION: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 with the general model to be applied to the claims liability is a further topic. \nRegistration deadline: 12 June 2022
URL:https://avoe.at/event/eaa-web-session-ifrs-17-the-premium-allocation-approach/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220613T090000
DTEND;TZID=Europe/Vienna:20220613T170000
DTSTAMP:20260416T020433
CREATED:20220207T085550Z
LAST-MODIFIED:20220207T085550Z
UID:10000045-1655110800-1655139600@avoe.at
SUMMARY:EAA Web Session: Climate Day 3.0 – Actuaries & Climate Scientists Join Forces
DESCRIPTION:The debate on climate change has rapidly evolved in recent years. It is no longer on whether the evidence of human impact on climate change is real\, but on whether key mitigating strategies being adopted are sufficient. \nIt is becoming increasingly evident that the actuarial community’s understanding of climate risk is not yet as developed as its expertise on traditional insurance risks such as mortality risk. However\, we have no good excuse to continue operating actuarial projection models over horizons of 40 years and beyond\, without any allowance for climate change impacts. Yet how can we bridge the gap between complex climate models and complex actuarial models? \nIn our Climate Day\, we address this challenge by leveraging actuarial know-how as well as that from climate science and data science in order to discuss the following questions: \n\nWhich climate data challenges are we facing and how can we overcome them?\nHow are atmospheric circulation\, surface weather and climate extremes linked?\nWhy does Net Zero represent a unique investment opportunity?\nHow can we measure alignment of an asset portfolio with Net Zero?\n\nRegistration deadline: 9 June 2022
URL:https://avoe.at/event/eaa-web-session-climate-day-3-0-actuaries-climate-scientists-join-forces/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220601T093000
DTEND;TZID=Europe/Vienna:20220601T093000
DTSTAMP:20260416T020433
CREATED:20220207T171834Z
LAST-MODIFIED:20220207T171834Z
UID:10000049-1654075800-1654075800@avoe.at
SUMMARY:EAA Web Session: IFRS 17: The Variable Fee Approach – Basics and Challenges (2x3h)
DESCRIPTION:Starting from the revenue recognition concepts of fee-based services\, we will discuss the qualification criteria of IFRS 17 for the VFA. Basis are certain contractual features\, including the identification of the underlying items belonging to the contract. Further conditions need to be met to qualify insurer’s share in the surplus as (variable) fee. Other contractual features like inheritance and mutualisation may add complexity to the measurement of the cash flows under a contract and their effect is explained. Changes of the overall variable fee expected to be received under the influences the subsequent measurement of the Contractual Service Margin\, the key difference of the VFA to the general model. The explanation of those differences will be the main part of the second session. However\, the seminar cannot focus on consequences and solutions for specific jurisdictions. \nRegistration deadline: 23 May 2022
URL:https://avoe.at/event/eaa-web-session-ifrs-17-the-variable-fee-approach-basics-and-challenges-2x3h/2022-06-01/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220531T100000
DTEND;TZID=Europe/Vienna:20220531T120000
DTSTAMP:20260416T020433
CREATED:20220104T135853Z
LAST-MODIFIED:20220104T135853Z
UID:10000076-1653991200-1653998400@avoe.at
SUMMARY:EAA Web Session: Recent Actuarial Machine Learning Applications: An Overview
DESCRIPTION:Our focus will be on recently implemented models. An important criterium for the machine learning applications which will be presented in the web session is that an actual model with a company’s data has been built.\n\nIn the beginning we will give a short introduction of machine learning and its best known and currently most widely used algorithms – decision trees derivatives and deep neural networks. Then we will introduce a few applications by presenting the context of the actuarial problem and the results. Our intention in this web session is not to present code or to actually go through the modelling process\, but rather to offer as broad an overview as possible of the recent applications in the actuarial departments.\nRegistration deadline: 27 May 2022
URL:https://avoe.at/event/eaa-web-session-recent-actuarial-machine-learning-applications-an-overview/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220525T093000
DTEND;TZID=Europe/Vienna:20220525T093000
DTSTAMP:20260416T020433
CREATED:20220207T171834Z
LAST-MODIFIED:20220207T171834Z
UID:10000048-1653471000-1653471000@avoe.at
SUMMARY:EAA Web Session: IFRS 17: The Variable Fee Approach – Basics and Challenges (2x3h)
DESCRIPTION:Starting from the revenue recognition concepts of fee-based services\, we will discuss the qualification criteria of IFRS 17 for the VFA. Basis are certain contractual features\, including the identification of the underlying items belonging to the contract. Further conditions need to be met to qualify insurer’s share in the surplus as (variable) fee. Other contractual features like inheritance and mutualisation may add complexity to the measurement of the cash flows under a contract and their effect is explained. Changes of the overall variable fee expected to be received under the influences the subsequent measurement of the Contractual Service Margin\, the key difference of the VFA to the general model. The explanation of those differences will be the main part of the second session. However\, the seminar cannot focus on consequences and solutions for specific jurisdictions. \nRegistration deadline: 23 May 2022
URL:https://avoe.at/event/eaa-web-session-ifrs-17-the-variable-fee-approach-basics-and-challenges-2x3h/2022-05-25/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20220524T090000
DTEND;TZID=UTC:20220524T123000
DTSTAMP:20260416T020433
CREATED:20220221T120249Z
LAST-MODIFIED:20220221T120249Z
UID:10000248-1653382800-1653395400@avoe.at
SUMMARY:EAA Web Session: Actuarial Modeling for Cyber Risk (2 days)
DESCRIPTION:After an introduction to the specificities on cyber-risk\, this session gives first steps towards a better understanding of cyber risk\, by providing mathematical models and actuarial analysis. For a better quantification of cyber risk\, we propose innovative models\, both for the severity component (size of the claims) and the frequency component (accumulation risk and clustering features) of the risk. \nAfter completing this course\, you will be able to \n\n• Identify the specificities of cyber risk\n• Identify the factors that may jeopardize the mutualisation of cyber risk\n• Identify extreme events and convey a risk segmentation\n• Construct accumulation scenarii on a cyber portfolio\n• Quantify the impact of protection measures on the risk of saturation in the insurer response capacity.\n\nRegistration deadline: 13 May 2022
URL:https://avoe.at/event/eaa-web-session-actuarial-modeling-for-cyber-risk-2-days/2022-05-24/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220520T090000
DTEND;TZID=Europe/Vienna:20220520T162000
DTSTAMP:20260416T020433
CREATED:20211217T150334Z
LAST-MODIFIED:20211217T151019Z
UID:10000047-1653037200-1653063600@avoe.at
SUMMARY:EAA Web Session: Understanding IFRS 17
DESCRIPTION:The goal of the two-day web session is to provide participants with a comprehensive introduction to the new measurement\, presentation and disclosure guidance for insurance contracts. It will cover life\, health and non-life business\, including the special guidance on direct participating contracts and shorter term non-life contracts and give useful examples.\n\nIn the web session\, we will first shed a light on the context of accounting for insurance contracts within the IFRS 17 framework. We will present and discuss the general concepts behind the new model and refer to the application of valuation models like the Variable Fee Approach (VFA) and the Premium Allocation Approach (PAA). The web session will proceed with a discussion of topics specific to individual lines of business (highlighting topics still under discussion) and summarize potential approaches and solutions. We will close with an overview of methodical hot topics relevant for technical implementation seen in various European markets\, share emerging market views and discuss these with the participants.\n\n\nOverall\, the goal is to enable participants to understand the standard and help transferring the requirements into your specific situation. It is thus intended to prepare participants for model development\, implementation\, testing\, reviewing and consulting with management\, accounting and auditors. \nRegistration deadline: 17 Mai 2022
URL:https://avoe.at/event/eaa-web-session-understanding-ifrs-17-2/2022-05-20/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220519T090000
DTEND;TZID=Europe/Vienna:20220519T162000
DTSTAMP:20260416T020433
CREATED:20211217T150334Z
LAST-MODIFIED:20211217T151019Z
UID:10000046-1652950800-1652977200@avoe.at
SUMMARY:EAA Web Session: Understanding IFRS 17
DESCRIPTION:The goal of the two-day web session is to provide participants with a comprehensive introduction to the new measurement\, presentation and disclosure guidance for insurance contracts. It will cover life\, health and non-life business\, including the special guidance on direct participating contracts and shorter term non-life contracts and give useful examples.\n\nIn the web session\, we will first shed a light on the context of accounting for insurance contracts within the IFRS 17 framework. We will present and discuss the general concepts behind the new model and refer to the application of valuation models like the Variable Fee Approach (VFA) and the Premium Allocation Approach (PAA). The web session will proceed with a discussion of topics specific to individual lines of business (highlighting topics still under discussion) and summarize potential approaches and solutions. We will close with an overview of methodical hot topics relevant for technical implementation seen in various European markets\, share emerging market views and discuss these with the participants.\n\n\nOverall\, the goal is to enable participants to understand the standard and help transferring the requirements into your specific situation. It is thus intended to prepare participants for model development\, implementation\, testing\, reviewing and consulting with management\, accounting and auditors. \nRegistration deadline: 17 Mai 2022
URL:https://avoe.at/event/eaa-web-session-understanding-ifrs-17-2/2022-05-19/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20220518T083000
DTEND;TZID=UTC:20220518T124500
DTSTAMP:20260416T020433
CREATED:20220221T120722Z
LAST-MODIFIED:20220221T120722Z
UID:10000249-1652862600-1652877900@avoe.at
SUMMARY:EAA Web Session "IFRS 17: A Deep Dive Into Revenue from Insurance Contracts"
DESCRIPTION:IFRS 17 will become effective on 01.01.2023 and it represents a step change for all entities that are required to apply its guidance. \nThe changes will not be limited to the measurement of contracts – including their presentation in the balance sheet – but also substantially change how insurers present their period performance in the statement of comprehensive income. \nThis web session takes a closer look on the „top line“ item in the profit and loss account: insurance contract revenue. Depending on the nature of the business\, insurance revenue may be very similar to the starting point for net income calculation according to current accounting regimes – or it may substantially differ. In either case\, companies need to prepare for substantial changes to internal and external processes: Calculation of revenue\, explanations to (and by!) internal and external stakeholders\, and amended key performance indicators (KPIs). \nRegistration deadline: 16 May 2022
URL:https://avoe.at/event/eaa-web-session-ifrs-17-a-deep-dive-into-revenue-from-insurance-contracts-2/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20220517T090000
DTEND;TZID=UTC:20220517T123000
DTSTAMP:20260416T020433
CREATED:20220221T120249Z
LAST-MODIFIED:20220221T120249Z
UID:10000247-1652778000-1652790600@avoe.at
SUMMARY:EAA Web Session: Actuarial Modeling for Cyber Risk (2 days)
DESCRIPTION:After an introduction to the specificities on cyber-risk\, this session gives first steps towards a better understanding of cyber risk\, by providing mathematical models and actuarial analysis. For a better quantification of cyber risk\, we propose innovative models\, both for the severity component (size of the claims) and the frequency component (accumulation risk and clustering features) of the risk. \nAfter completing this course\, you will be able to \n\n• Identify the specificities of cyber risk\n• Identify the factors that may jeopardize the mutualisation of cyber risk\n• Identify extreme events and convey a risk segmentation\n• Construct accumulation scenarii on a cyber portfolio\n• Quantify the impact of protection measures on the risk of saturation in the insurer response capacity.\n\nRegistration deadline: 13 May 2022
URL:https://avoe.at/event/eaa-web-session-actuarial-modeling-for-cyber-risk-2-days/2022-05-17/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220512T093000
DTEND;TZID=Europe/Vienna:20220512T170000
DTSTAMP:20260416T020433
CREATED:20211126T104946Z
LAST-MODIFIED:20211126T104946Z
UID:10000040-1652347800-1652374800@avoe.at
SUMMARY:EAA e-Conference on Data Science &Data Ethics
DESCRIPTION:On 12 May 2022\, the third EAA e-Conference on „Data Science & Data Ethics“ will take place live and virtually. The programme will combine keynote speeches with food for thought from well-known experts and selected talks from professionals through a Call for Papers. \nThe Data Science & Data Ethics e-Conference is open to all actuaries and other interested experts.
URL:https://avoe.at/event/eaa-e-conference-on-data-science-data-ethics-2/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220511T100000
DTEND;TZID=Europe/Vienna:20220511T120000
DTSTAMP:20260416T020433
CREATED:20220131T132614Z
LAST-MODIFIED:20220131T132614Z
UID:10000039-1652263200-1652270400@avoe.at
SUMMARY:EAA Web Session: IFRS 17: Investment Components and Other Non-Service Payments
DESCRIPTION:The needed identification of cash flows not related to services introduces new considerations in the accounting process. Those will be discussed and approaches to achieve an adequate reflection in presentation. That does not only apply to contracts with savings elements\, as in life insurance. As well non-life insurance contracts and reinsurance contracts often contain investment components and premium refunds. As well examples from those areas are presented and discussed. \nRegistration deadline: 9 May 2022
URL:https://avoe.at/event/eaa-web-session-ifrs-17-investment-components-and-other-non-service-payments/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20220506T090000
DTEND;TZID=Europe/Vienna:20220506T123000
DTSTAMP:20260416T020433
CREATED:20220104T140210Z
LAST-MODIFIED:20220104T140210Z
UID:10000245-1651827600-1651840200@avoe.at
SUMMARY:EAA Web Session "Advanced Concepts of Clustering in Insurance"
DESCRIPTION:The course shows how different algorithms can be used to obtain a segmentation of insurance data. The methods covered range from centroid-based (k-means\, k-prototypes) to probabilistic (Gaussian Mixture Models) and density-based (DBSCAN) approaches. We demonstrate how the clustering results can be visualized and evaluated. Moreover\, it will be shown how the clustering results can be used to identify outliers in the data set. We also cover techniques that reduce the dimension of the data so that the segments can be computed either on aggregated information or using only a subset of the available information. The course puts an emphasis on the practical application and therefore showcases all concepts on an insurance data set.\nRegistration deadline: 4 May 2022
URL:https://avoe.at/event/eaa-web-session-advanced-concepts-of-clustering-in-insurance-3/
LOCATION:Online-Veranstaltung (MS Teams)
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
END:VCALENDAR