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 […]
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 […]
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. In this two-day web session, we cover a wide range of topics from the basic […]
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. Omitting to consider the importance of these aspects, mitigation and adaptation to the consequences of […]
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 […]
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 […]
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 […]
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 […]
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 […]
Price walking, demand modeling and price elasticity between theory, regulation and practice In 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. […]
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 […]
Inflation does not come and does not go on its own. Although many actors on financial markets hoped for a temporary inflation caused by supply chain disruptors, things have changed due to uncertainty from a geopolitical and financial markets perspective. Interest rate curves are now starting to be inverse and recessions are potentially only off […]
