The following topics will be covered: • Introduction into standard clustering techniques with a focus on k-means clustering • Feature selection • Cluster validation • Visualization techniques for clustering results such as transformation or perturbation based approaches • Brief introduction into the imputation of missing values in pre-processing or during clustering • Clustering of mixed […]
The objective of this web session (which consists of 2 parts) is to present various experiences of structural reforms of public pension schemes such as NDC (notional account) or point systems and to analyze these techniques in terms of fair equilibrium between financial sustainability and social adequacy. This analysis will motivate to introduce intermediate approaches […]
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. In the web session, […]
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. In the web session, […]
While the actuarial community works on developing new ways to measure the economic impact of the risk posed by global warming, it is exceedingly important for Actuaries to gain an understanding of the underlying science of climate change. Having discussed the basics of climate science in a dedicated web session in Q4 2020, we are […]
The web session will cover a broad range of topics in predictive modeling that are relevant to actuarial practice. The session begins with a review of multivariable linear regression, and relatively quickly transitions to more advanced techniques. Advanced topics include logistic regression, gradient boosting models (GBM), and generalized linear models (GLM). Case studies will be […]
This web session takes a closer look at 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 […]
Operational risk is the risk of loss, arising from inadequate or failed internal processes, people and systems or from external events. That is the definition of operational risk for regulatory purposes. Operational risk management is usually part of ERM and actuaries are typically not involved in these processes. That is often because of poor data […]
In the wake of the COVID-19 pandemic, mathematical epidemiology has been tasked with explaining and forecasting case and fatality numbers based on incomplete data. As both the disease itself as well as policies introduced to curtail its spread turned out to have considerable effects on health and economic outcomes, it is more imperative than ever […]
Operational risk is the risk of loss, arising from inadequate or failed internal processes, people and systems or from external events. That is the definition of operational risk for regulatory purposes. Operational risk management is usually part of ERM and actuaries are typically not involved in these processes. That is often because of poor data […]
Solvency II has some specific requirements that have to be met to demonstrate an effective risk transfer. We discuss in theory and demonstrate for one example how to implement a reinsurance solution in practise and what also has to be considered, e.g., under ORSA and IFRS17. Registration deadline: 22 June 2021
The actuarial focus has changed significantly over the last couple of years. Computational power is increasing with exponential growth, in addition more and more data is available. This combination puts the actuarial profession into a position where a new understanding has to be developed on today‘s possibilities of actuarial science and its ethical implications. The […]
