Climate Risk scenarios are commonly used in the insurance industry for stress testing, but interpreting and communicating results is often challenging, given strong limitations and complex assumptions. Why are physical stresses often so low, and what can be done about this? What is the impact of the recent surge in fossil fuels on transition risk? […]
The goal of the workshop is to teach the participants the impact of the various levers an insurer can pull to manage its capital position and in turn manage its balance sheet towards the requirements of the different viewpoints an insurer has, i.e. IFRS17, Solvency II, Local GAAP and of course an economic asset view. […]
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 […]
During the web session, the basic components of a Nat Cat model will be explained: Exposure data, the hazard, vulnerabilities, and the financial model. Additionally, sources of uncertainty will be discussed together with methods for quantification. After the first part, we will build our own simple Nat Cat model in a hands-on case study. Lastly, […]
This web session aims to give an overview and a deeper understanding of the cancer survivors' Right to be Forgotten (RTBF) and its current development inside and outside Europe. We will discuss the different parameters of RTBF, such as product scope, disease scope, minimum remission period (timeline) and others. We will also provide solutions how […]
This workshop is designed to provide a comprehensive introduction and hands-on experience with Large Language Models (LLMs), covering their theoretical underpinnings, practical applications, and the broader ecosystem in which they operate. Participants will embark on a journey from understanding the basics of what LLMs are, including an overview, specifications, evaluations, and their pros and cons, […]
The Communication for Actuaries course is tailor-made for actuaries and the situations that you encounter. It is an interactive training course that ensures that the theory is immediately applied through various exercises (e.g. exchanges in small groups, role-plays, discussions) that relate to terms or situations of your day-to-day work. The course is designed to […]
During the seminar, the aforementioned will be concretely illustrated based on a migration of a very diverse classic life insurance portfolio (with guaranteed life and/or death performance in various combinations). On the one hand, we will go over the different steps (actuarial and non-actuarial- in a migration project and on the other hand, we will […]
Predictive modeling is a process used to forecast future outcomes or behaviours based on historical data and patterns. By building mathematical models that analyse past data predictive modelling aims to uncover relationships between different variables in a dataset and use those relationships to make predictions about new observations. Overall, these methods complement the traditional actuarial […]
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), […]
Kurzbeschreibung: The purpose of this session is to introduce the relevant aspects of regulation, timelines and consequences with respect to the actuarial practice. Starting from the study of relevant articles of the AI Act draft, we will develop an understanding of the impending consequences and likely interpretations of the legal framework. The seminar is structured […]
The goal of the session is to clarify the impact of various socio-economic factors on mortality and its impact on the valuation and risk-management of retirement products. At the end of the session people will have a good understanding of1) Impact of socio-economic status on mortality rates2) Impact of differences in mortality curves on product […]
