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X-WR-CALDESC:Veranstaltungen für AKTUARVEREINIGUNG ÖSTERREICHS (AVÖ)
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BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241127T100000
DTEND;TZID=Europe/Vienna:20241127T120000
DTSTAMP:20260525T143735
CREATED:20240226T192108Z
LAST-MODIFIED:20240226T192108Z
UID:10000414-1732701600-1732708800@avoe.at
SUMMARY:EAA Web Session 'Calculation of Life Insurance Products by Means of Markov Chains'
DESCRIPTION:The calculation of life insurance products is traditionally based on the approach of commutation values\, whose table properties enable extensive actuarial calculations even without large computer capacities. However\, especially for modern and more flexible life insurance tariffs\, the calculation by means of commutation values reaches its limits\, so that the calculation approach based on Markov chains is gaining in importance and has been used for some time in the mathematical cores of new portfolio administration systems. \n  \nThis web session will provide an insight into the calculation of common life insurance products using the Markov approach. For this purpose\, first an overview of the best-selling life insurance products in some European countries and their classic calculation will be given. In the following\, the principle of Markov chains is explained and a model for calculating actuarial values is derived. \n  \nFinally\, the online training also addresses problems that can arise when migrating from classically calculated portfolios to systems with the Markov approach. \nAnmeldeschluss: 2024-11-25 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0447
URL:https://avoe.at/event/eaa-web-session-calculation-of-life-insurance-products-by-means-of-markov-chains-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241125T093000
DTEND;TZID=Europe/Vienna:20241125T150000
DTSTAMP:20260525T143735
CREATED:20240527T164901Z
LAST-MODIFIED:20240527T164901Z
UID:10000440-1732527000-1732546800@avoe.at
SUMMARY:EAA Web Session 'Storytelling for Actuaries'
DESCRIPTION:Through engaging lectures\, interactive exercises\, and real-world examples\, participants will learn the fundamentals of storytelling: transforming data into stories\, adapting to the audience and developing their own storytelling. \nBy the end of this course\, participants will emerge with a newfound appreciation for the narrative dimension of their work\, equipped with practical tools to convey insights\, drive decision-making\, and inspire action through the power of storytelling.\nAnmeldeschluss: 2024-11-24\nLink: https://actuarial-academy.com/seminars/seminar?No=E0456
URL:https://avoe.at/event/eaa-web-session-storytelling-for-actuaries/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241121T100000
DTEND;TZID=Europe/Vienna:20241122T120000
DTSTAMP:20260525T143735
CREATED:20240405T111929Z
LAST-MODIFIED:20240405T112222Z
UID:10000427-1732183200-1732276800@avoe.at
SUMMARY:EAA Web Session 'Cyber Risk and Insurance'
DESCRIPTION:Kurzbeschreibung: In modern economy\, cyber risk has become a major challenge across many industries. As every prevention measure is limited\, there is an increasing need for cyber insurance. In the last years\, there was a strong evolution of cyber insurance. \n  \nIn this session\, the impact of cyber risk on various steps of the value chain is analysed\, including (but not limited to) modelling and risk management. The focus of this session is to provide a hands-on approach to actuarial challenges within cyber insurance and to highlight practical solutions. There will be discussions and group interaction\, we would appreciate participants willing to actively contribute and therefore recommend to prepare for the agenda items. \nAnmeldeschluss: 2024-11-20 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0454
URL:https://avoe.at/event/eaa-web-session-cyber-risk-and-insurance/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241120T100000
DTEND;TZID=Europe/Vienna:20241120T120000
DTSTAMP:20260525T143735
CREATED:20240524T113142Z
LAST-MODIFIED:20240524T113142Z
UID:10000434-1732096800-1732104000@avoe.at
SUMMARY:EAA Web Session 'IFRS 17 Risk Adjustment: Practical Approaches & Lessons Learned'
DESCRIPTION:The session aims to provide participants with a comprehensive introduction regarding the risk adjustment concept under IFRS 17. We will shed light on the general concepts behind risk adjustment and its application within IFRS 17 and illustrate the importance of risk adjustment in measuring\, presenting\, and disclosing insurance contracts. \nThe online training will also provide insights into the most commonly used practical methodical concepts. Practical examples and case studies will be used to illustrate the application of risk adjustment within the IFRS 17 framework. \nIn addition\, insights into emerging market views will be shared\, and participants will have the opportunity to discuss these topics. Challenges and considerations specific to the European markets will also be discussed. \nBy formulating the points in this way\, participants will gain a clear understanding of the objectives of the training and how it will assist them in navigating the complexities of risk adjustment within the IFRS 17 framework.\nAnmeldeschluss: 2024-11-19
URL:https://avoe.at/event/eaa-web-session-ifrs-17-risk-adjustment-practical-approaches-lessons-learned/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241114T090000
DTEND;TZID=Europe/Vienna:20241115T150000
DTSTAMP:20260525T143735
CREATED:20240107T161911Z
LAST-MODIFIED:20240107T161911Z
UID:10000394-1731574800-1731682800@avoe.at
SUMMARY:EAA Web Session 'Hands-on Adaptive Learning of GLMs for Risk Modelling in R'
DESCRIPTION:The purpose of this web session is twofold: \n  \nFirst\, you will gain an in-depth understanding of the algorithm including its underlying theoretical motivation and its statistical properties. \n  \nSecond\, you will receive a comprehensive executable R programme that implements the algorithm. During the web session we will discuss and apply the code hands-on by means of a case study. You will learn how to run the algorithm for different settings and data. After the web session\, you will have an R programme to add to your actuarial toolbox\, which you can easily apply to own data and extend or modify according to your needs. \nAnmeldeschluss: 2024-11-13
URL:https://avoe.at/event/eaa-web-session-hands-on-adaptive-learning-of-glms-for-risk-modelling-in-r-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241113T100000
DTEND;TZID=Europe/Vienna:20241113T120000
DTSTAMP:20260525T143735
CREATED:20240321T152210Z
LAST-MODIFIED:20240321T152210Z
UID:10000424-1731492000-1731499200@avoe.at
SUMMARY:EAA Web Session 'Socio-Economic Mortality Curves'
DESCRIPTION: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 valuations3)      Adjusting mortality models to take socio-economic factors into account. \nAnmeldeschluss: 2024-11-12
URL:https://avoe.at/event/eaa-web-session-socio-economic-mortality-curves-3/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241112T090000
DTEND;TZID=Europe/Vienna:20241112T133000
DTSTAMP:20260525T143735
CREATED:20240527T163552Z
LAST-MODIFIED:20240527T163552Z
UID:10000437-1731402000-1731418200@avoe.at
SUMMARY:EAA Web Session 'Artificial Intelligence Act: The Insurance Fallout'
DESCRIPTION: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 as follows: \n1. Contents and objects of regulation\n2. Actuarial relevance\n3. Example cases\n4. Implementation advice\n5. Outlook and discussion \nKindly take note: This session is intended as information seminar; no legal counselling will take place.\nAnmeldeschluss: 2024-11-11\nLink: https://actuarial-academy.com/seminars/seminar?No=E0460
URL:https://avoe.at/event/eaa-web-session-artificial-intelligence-act-the-insurance-fallout-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241106T080000
DTEND;TZID=Europe/Vienna:20241107T170000
DTSTAMP:20260525T143735
CREATED:20240219T200806Z
LAST-MODIFIED:20240219T200806Z
UID:10000411-1730880000-1730998800@avoe.at
SUMMARY:EAA Web Session 'Emerging Risks: Statistical Analysis and Scenario Building'
DESCRIPTION: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)\, risks undergoing strong and worrying evolution (such as climate risk)\, or more recent risks (such as cyber risk)\, the task of actuaries is particularly delicate. The lack of data is notably a hindrance to a rigorous approach to these important questions. This session aims to lay the groundwork for a scientific approach to this problem and to introduce some tools for discussing the insurability of these new risks. \nAnmeldeschluss: 2024-11-04 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0445
URL:https://avoe.at/event/eaa-web-session-emerging-risks-statistical-analysis-and-scenario-building/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241105T100000
DTEND;TZID=Europe/Vienna:20241105T121500
DTSTAMP:20260525T143735
CREATED:20240527T165239Z
LAST-MODIFIED:20240527T165239Z
UID:10000441-1730800800-1730808900@avoe.at
SUMMARY:EAA Web Session 'Predictive Modelling in the Insurance Sector'
DESCRIPTION: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. \nOverall\, these methods complement the traditional actuarial vision in the insurance sector by providing insurers with advanced analytical tools and techniques to improve risk assessment\, underwriting\, pricing\, and fraud detection processes\, ultimately leading to better decision-making and more profitable business outcomes. \nDuring the session\, we will provide an overview of how predictive modelling works and highlight some of its applications in the insurance sector. This will be followed by a demonstration of a use case where these models were used to assist in pricing a motor book. We will walk through the process from cleaning and processing data\, to analysing and fitting the model\, and finally\, to finding insights and understanding the outputs. Additionally\, we will cover ideas on how to use those outputs to create a pricing guide for policies.\nAnmeldeschluss: 2024-11-03\nLink: https://actuarial-academy.com/seminars/seminar?No=E0458
URL:https://avoe.at/event/eaa-web-session-predictive-modelling-in-the-insurance-sector/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241104T090000
DTEND;TZID=Europe/Vienna:20241104T121500
DTSTAMP:20260525T143735
CREATED:20240321T150906Z
LAST-MODIFIED:20240321T151928Z
UID:10000423-1730710800-1730722500@avoe.at
SUMMARY:EAA Web Session 'System Migrations of Life Insurance Contracts: DON’T JUST MIGRATE'
DESCRIPTION: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 demonstrate how this portfolio can a) be migrated to a modern generic cash-flow-driven management platform (universal life + unit linked)\, and b) at the same time the life insurance policies can also be renewed. During the seminar participants will understand that the underlying renewal is fundamental to make the migration a real success: both for the insurer and for the policyholders and beneficiaries.Although the aforementioned will be illustrated from Belgian practice\, we believe that this innovative migration strategy is useful\, relevant and innovative in many other countries. \nAnmeldeschluss: 2024-11-03
URL:https://avoe.at/event/eaa-web-session-system-migrations-of-life-insurance-contracts-dont-just-migrate-2/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241028T093000
DTEND;TZID=Europe/Vienna:20241031T130000
DTSTAMP:20260525T143735
CREATED:20240219T201912Z
LAST-MODIFIED:20240219T201912Z
UID:10000413-1730107800-1730379600@avoe.at
SUMMARY:EAA Web Session 'Communication for Actuaries'
DESCRIPTION: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. \n  \nThe course is designed to give you a solid foundation on the topic of communication and to practice what you learn so you can use the gained knowledge and confidence in areas that are relevant for your work. The last day offers you the opportunity to make a short presentation specific to your work for which you will be given individual feedback. At the end of the course\, you will know exactly how to tackle your next communication challenge. \n  \nThe overall 12-hour course covers specific topics like: \n\nCommunication patterns/models\, types of behavior/learning\nVerbal\, non-verbal and written communication skills\nVirtual communication\nPresentation (as if “on stage“ and “on screen”) skills\nDiscussion & Negotiation\n\n  \nDuring the web session\, the participants will learn to: \n\nCommunicate effectively a clear message to any stakeholder\nMake sure that the message is being understood (Make the „complicated“ „easy-to–understand“ to non-actuaries)\nStructure their thoughts and findings in an effective way\nRecognize which patterns/words can have the best impact for which target group\nPractice in writing\, in role plays and in presenting\nParticipate/lead discussions and negotiations effectively\nUse their voice in a healthy and stable way\nIncrease the chance of achieving their objectives with their work\nCome across as credible\, confident and constructive business partners\n\n  \nMaximum of 20 participants. \nAnmeldeschluss: 2024-10-27 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0444
URL:https://avoe.at/event/eaa-web-session-communication-for-actuaries-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241024T090000
DTEND;TZID=Europe/Vienna:20241025T143000
DTSTAMP:20260525T143735
CREATED:20240405T103729Z
LAST-MODIFIED:20240405T125151Z
UID:10000426-1729760400-1729866600@avoe.at
SUMMARY:EAA Web Session 'LLM Principles and Case Studies for Insurance'
DESCRIPTION: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. \nParticipants will embark on a journey from understanding the basics of what LLMs are\, including an overview\, specifications\, evaluations\, and their pros and cons\, to mastering how to effectively utilize them through various techniques such as prompting\, and fine-tuning strategies. \nA dedicated part will focus on strategic implementation\, featuring case studies and real-world challenges to equip attendees with the knowledge to initiate their own projects or integrate LLMs into existing workflows. \nBy the end of the workshop\, participants will have a solid foundation in the operational and strategic aspects of LLMs\, enabling them to harness these powerful tools for a wide range of applications in insurance and risk management. \nAnmeldeschluss: 2024-10-23 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0442 \n—
URL:https://avoe.at/event/https-actuarial-academy-com-seminars-seminarnoe0442/
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241023T100000
DTEND;TZID=Europe/Vienna:20241023T120000
DTSTAMP:20260525T143735
CREATED:20240524T115146Z
LAST-MODIFIED:20240527T163852Z
UID:10000435-1729677600-1729684800@avoe.at
SUMMARY:EAA Web Session 'Cancer Survivors' Right to be Forgotten'
DESCRIPTION: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 to estimate the actuarial impact depending on these RTBF parameters. Finally\, its purpose is to help understanding and navigating the most recent developments and implications of RTBF for L&H insurance.\nAnmeldeschluss: 2024-10-22\nLink: https://actuarial-academy.com/seminars/seminar?No=E0466
URL:https://avoe.at/event/eaa-web-session-cancer-survivors-right-to-be-forgotten/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241017T090000
DTEND;TZID=Europe/Vienna:20241017T133000
DTSTAMP:20260525T143735
CREATED:20240226T201329Z
LAST-MODIFIED:20240226T201329Z
UID:10000416-1729155600-1729171800@avoe.at
SUMMARY:EAA Web Session 'Introduction to Natural Catastrophe Modelling'
DESCRIPTION: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\, we will look in more detail at the results a model can produce and how to use them for pricing in the reinsurance context. \nAnmeldeschluss: 2024-10-16 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0440
URL:https://avoe.at/event/eaa-web-session-introduction-to-natural-catastrophe-modelling-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241014T090000
DTEND;TZID=Europe/Vienna:20241016T123000
DTSTAMP:20260525T143735
CREATED:20240116T175639Z
LAST-MODIFIED:20240116T175639Z
UID:10000405-1728896400-1729081800@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. \nThe second part is more advanced and intended for those wishing to gain more in-depth expertise on the topics. \nAnmeldeschluss: 2024-10-10 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0426
URL:https://avoe.at/event/eaa-web-session-assets-and-liabilities-management-part-2-advanced-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241010T093000
DTEND;TZID=Europe/Vienna:20241010T130000
DTSTAMP:20260525T143735
CREATED:20240527T170119Z
LAST-MODIFIED:20240527T170119Z
UID:10000444-1728552600-1728565200@avoe.at
SUMMARY:EAA Web Session 'Strategic Balance Sheet Management (Business Game)'
DESCRIPTION: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.\nWe will start the day by introducing the concept of strategic balance sheet management. Set goals and ambitions to optimize the key performance indicators to which insurance companies manage themselves. We will demonstrate how you can replicate the balance sheet of an insurer in a platform designed to do this. We will then show you tools you can use to alter the capital position of the insurer.\nFrom here we will move onto exercises. We are going to make the game real and create smaller groups. Each group has its own insurer inside its own environment. Each group will be set goals\, to manage towards certain KPI’s. They get their time to confer with their colleagues and present their findings.\nThe ultimate goal is to demonstrate how the activity of one group can differ. We will illuminate how the activity of departments in isolation can influence the balance sheet of the wider insurer and by extension other departments.\nAnmeldeschluss: 2024-10-08\nLink: https://actuarial-academy.com/seminars/seminar?No=E0463
URL:https://avoe.at/event/eaa-web-session-strategic-balance-sheet-management-business-game/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20241009T093000
DTEND;TZID=Europe/Vienna:20241009T130000
DTSTAMP:20260525T143735
CREATED:20240412T183037Z
LAST-MODIFIED:20240412T183037Z
UID:10000429-1728466200-1728478800@avoe.at
SUMMARY:EAA Web Session 'Climate Change Scenarios in Context – A Stress Testing Case Study'
DESCRIPTION: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? What is the role of inflation and interest rates within the scenarios? \nFurthermore\, the scenarios have also substantially evolved over the last years. This has not only substantial implications on results and key messages from stress testing\, but also on how scenarios can be applied for stress testing purposes. \nThis session will have a practical focus around a case study in order to illustrate not only the practical elements of stress testing\, but also discuss challenges and limitations and provide context around the foundations surrounding the scenarios. We will introduce commonly used scenarios\, provide practical guidance on implementation of stress tests\, and discuss key evolutions\, challenges\, and limitations in the interpretation of stress test results. We will conclude with an outlook on how key challenges are expected to be addressed going forward.\nAnmeldeschluss: 2024-10-07
URL:https://avoe.at/event/eaa-web-session-climate-change-scenarios-in-context-a-stress-testing-case-study/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240930T084500
DTEND;TZID=Europe/Vienna:20241001T150000
DTSTAMP:20260525T143735
CREATED:20240412T184429Z
LAST-MODIFIED:20240412T184429Z
UID:10000430-1727685900-1727794800@avoe.at
SUMMARY:EAA Seminar 'Open Source Tools R and Python: Extending the Tool of the Actuary'
DESCRIPTION:Over the last years\, typical data science tasks like data manipulation and modelling have gained a stronger foothold in the day-to-day professional life of the actuary. Open source languages are renowned to be especially equipped to deal with these kind of tasks\, but can also be tricky to get started with\, especially when one has not been properly introduced to them. This workshop offers the opportunity to become more familiar with the open source environment and their applications\, illustrated in detail by means of a number of hands-on modules\, hereby enabling the actuary to tackle the data science tasks in an elegant manner. \nOpen source tools like R\, Python and more recently Julia have gained a lot of momentum in recent years\, not just in popularity but also in number of contributed code. Their respective communities are nowadays no longer exclusively composed of academic researchers and scientists\, but also of professionals of all sorts of backgrounds\, especially since the industry and corporate world have understood the added value of ‘community driven software’ and started to plug open source tools into their processes and corporate tissue. \nOn top of this\, actuaries are confronted with the same issues as academic researchers and scientists: the production of readable\, shareable and reproducible code and results. In the actuarial community\, R already is a fairly known and used open source language\, Python however a little bit less\, even if it’s also packed with potential and even if it disposes of a vast biosphere of its own. This workshop will also focus on the ’scientific stack‘ of both R and Python and draw some comparisons between both worlds where we will try to show that it’s not a matter of choosing between both ecosystems but of choosing the best of both (continuously evolving) worlds. \nThe goal of this two-day training is to introduce the participants to both open source ecosystems and to get a good understanding of both languages. However\, since both ecosystems are way too vast to be covered in merely two days\, the participants will be asked to go through the basics of both languages themselves\, prior to the seminar. During the first three hours of the seminar\, these basics which will be shortly revised\, but at a higher pace. In this way\, the presenters can focus more on examples and on providing more hands-on experience to the participants. The course material\, containing the basics of both languages\, will be provided by the organizers several weeks before the beginning of the seminar\, such that the participants will have plenty of time to go through the material at her/his ease.\nAnmeldeschluss: 2024-09-24
URL:https://avoe.at/event/eaa-seminar-open-source-tools-r-and-python-extending-the-tool-of-the-actuary/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240919T090000
DTEND;TZID=Europe/Vienna:20240920T123000
DTSTAMP:20260525T143735
CREATED:20240219T201027Z
LAST-MODIFIED:20240219T201027Z
UID:10000412-1726736400-1726835400@avoe.at
SUMMARY:EAA Web Session 'Explainable AI for Actuaries: Concepts\, Techniques\, and Case Studies'
DESCRIPTION:By the end of the seminar\, participants will leave with a toolkit of explainability techniques\, an in-depth understanding of model interpretability\, and the ability to use XAI approaches in practical actuarial applications. \n  \nParticipants will also understand mathematical principles behind key XAI techniques\, evaluate the strengths and limitations of XAI methods\, run a machine learning workflow that incorporates XAI techniques\, and analyse and interpret results in the context of actuarial cases. \nAnmeldeschluss: 2024-10-27 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0443
URL:https://avoe.at/event/eaa-web-session-explainable-ai-for-actuaries-concepts-techniques-and-case-studies/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240916T090000
DTEND;TZID=Europe/Vienna:20240918T123000
DTSTAMP:20260525T143735
CREATED:20240116T175920Z
LAST-MODIFIED:20240116T175920Z
UID:10000406-1726477200-1726662600@avoe.at
SUMMARY:EAA Web Session 'Assets and Liabilities Management (Part 1: Introduction)'
DESCRIPTION:This ALM training starts with a 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. \nAnmeldeschluss: 2024-09-12 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0425
URL:https://avoe.at/event/eaa-web-session-assets-and-liabilities-management-part-1-introduction/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240912T090000
DTEND;TZID=Europe/Vienna:20240914T170000
DTSTAMP:20260525T143735
CREATED:20240527T164509Z
LAST-MODIFIED:20240527T164509Z
UID:10000438-1726131600-1726333200@avoe.at
SUMMARY:EAA Web Session 'Actuarial Data Science - Advanced'
DESCRIPTION:Based on the building blocks known from Basic\, we want to deepen some topics and present further important topics from the field of Actuarial Data Science. \nIn this three-day training\, we cover a wide range of topics. This includes an advanced introduction to the concepts and terms of artificial intelligence\, modern data management concepts (with a special look at insurance companies)\, aspects of data protection and the mathematical and statistical concepts of data mining. On our way\, we touch different use cases in the actuarial environment. To this end\, we provide a brief insight into the widely used language Python. The training rounds off with principles for the ethical handling of artificial intelligence in the insurance environment.\nAnmeldeschluss: 2024-09-11\nLink: https://actuarial-academy.com/seminars/seminar?No=E0441
URL:https://avoe.at/event/eaa-web-session-actuarial-data-science-advanced-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240909T090000
DTEND;TZID=Europe/Vienna:20240913T153000
DTSTAMP:20260525T143735
CREATED:20240107T161504Z
LAST-MODIFIED:20240816T160859Z
UID:10000393-1725872400-1726241400@avoe.at
SUMMARY:EAA Web Session 'CERA\, Module B: Taxonomy\, Modelling and Mitigation of Risks'
DESCRIPTION:This web session is one part in a course that consists of four modules. They can be booked as a whole series to fulfil the requirements for receiving the CERA designation\, or individually as CPD training. Written exams on the course are offered subsequently. \n  \nPlease contact your actuarial association regarding the recognition of the seminars (web sessions) and the exams. The national association has to be at least Acceding Party of the CERA Global Association so that an actuary who passes this course may receive the CERA credential. Please visit www.ceraglobal.org to get information if your association is entitled to issue the CERA designation. \nAnmeldeschluss: 2024-09-08
URL:https://avoe.at/event/eaa-web-session-cera-module-b-taxonomy-modelling-and-mitigation-of-risks/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240627T090000
DTEND;TZID=Europe/Vienna:20240627T130000
DTSTAMP:20260525T143735
CREATED:20240321T123518Z
LAST-MODIFIED:20240321T123518Z
UID:10000422-1719478800-1719493200@avoe.at
SUMMARY:EAA Web Session 'Valuation of Hybrid Financial and Actuarial Risks'
DESCRIPTION:How to valuate future cash flows is a fundamental problem in both finance and actuarial science. (Pricing of financial products\, premium and technical provisions of insurance contracts). However\, traditional ways of valuing actuarial or financial liabilities are quite different. In Finance\, the pricing is based on risk neutral expectations of discounted cash flows\, originally justified by hedging portfolios. In Insurance\, premium calculation principles use a real world best estimate value plus a risk premium\, given for instance by a standard deviation approach and justified by pooling effect of independent contracts. This dichotomy of paradigm is debatable and could encourage us to find a unifying tool. This also becomes a real challenge when it comes to pricing for instance hybrid life insurance or pension products mixing actuarial and financial risks. Different techniques have been recently developed in the actuarial literature in order to address this fundamental valuation problem in a harmonious manner\, in order to remain simultaneously market consistent and actuarial consistent. Another issue when pricing insurance risks is the presence of diversifiable and systematic risks requiring also different risk measurement. Finally\, when the valuation has to be dynamic (for instance technical provisions)\, the time consistency of the method is an additional difficulty.The objective of this web session is to present various recent researches developed in the actuarial literature\, in order to valuate complex cash flows mixing financial and actuarial risks. After an introduction presenting the main challenges\, we develop several approaches recently proposed. All the techniques will be applied to a typical participating life product and numerical illustrations will be given. \nAnmeldeschluss: 2024-06-26
URL:https://avoe.at/event/eaa-web-session-valuation-of-hybrid-financial-and-actuarial-risks/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240617T080000
DTEND;TZID=Europe/Vienna:20240617T170000
DTSTAMP:20260525T143735
CREATED:20240107T165511Z
LAST-MODIFIED:20240107T165511Z
UID:10000395-1718611200-1718643600@avoe.at
SUMMARY:EAA Web Session 'Climate Day 5.0'
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. \n  \nFor insurance industry\, climate change manifests itself through a variety of risks on the asset and liability sides of the balance sheet. In our Climate Day 5.0\, we are going to zoom into the following topics: \n  \nHow can we capture the tail dependency between heat and mortality? \nHow climate change impact upon an asset portfolio can be captured in one KPI? \nHow can ESG risks be reflected in the strategy of an insurance company? \nWhat is the impact of climate change on low-income people and what insurers should be doing? \nAnmeldeschluss: 2024-06-13
URL:https://avoe.at/event/eaa-web-session-climate-day-5-0/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240614T090000
DTEND;TZID=Europe/Vienna:20240614T121500
DTSTAMP:20260525T143735
CREATED:20240107T160805Z
LAST-MODIFIED:20240107T160805Z
UID:10000391-1718355600-1718367300@avoe.at
SUMMARY:: EAA Web Session 'How to Read the New IFRS Balance Sheet  for Insurers'
DESCRIPTION:The goal of this three-hour 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 former 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. \n  \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 analysing\, testing\, reviewing\, and consulting with management\, accounting\, and auditors. \nAnmeldeschluss: 2024-06-13
URL:https://avoe.at/event/eaa-web-session-how-to-read-the-new-ifrs-balance-sheet-for-insurers-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240610T090000
DTEND;TZID=Europe/Vienna:20240610T123000
DTSTAMP:20260525T143735
CREATED:20240107T171210Z
LAST-MODIFIED:20240107T171210Z
UID:10000398-1718010000-1718022600@avoe.at
SUMMARY:EAA Web Session 'Non-Life Reserving'
DESCRIPTION:As Insurance is being impacted by new and disruptive technology\, how will actuarial reserving techniques be impacted? Whilst triangle methods have traditionally been seen as the key methods in the reserving area\, this may be challenged in the future by more complex expectations\, improving technology\, modelling capabilities\, etc. \n  \nReserving practices are expected to keep changing\, as the influences of big data and regulatory requirements continue to evolve. \n  \nThe aim of this workshop is to \n  \nRefresh classical actuarial/statistical techniques used in non-life reserving (Gaap and Solvency 2). \nFocus on some practical problems faced by reserving actuaries\, by presenting practical examples. \nIntroduce more advanced techniques used in non-life reserving in order to open new perspectives on more granular reserving calculation\, case estimates\, etc. \nAnmeldeschluss: 2024-06-06
URL:https://avoe.at/event/eaa-web-session-non-life-reserving/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240529T100000
DTEND;TZID=Europe/Vienna:20240529T120000
DTSTAMP:20260525T143735
CREATED:20240107T170210Z
LAST-MODIFIED:20240107T170210Z
UID:10000396-1716976800-1716984000@avoe.at
SUMMARY:EAA Web Session 'Comparing IFRS17 and Solvency II'
DESCRIPTION:This session aims at analysing the impact of IFRS17 versus Solvency II. After a general description of both frameworks\, we highlight the most recent expected changes following the Solvency II review with a focus on discount rates and risk margin. We will then explain IFRS17 accounting choices versus Solvency II and benchmark those. Finally\, we will show the impact of IFRS17 on the management of the contracts when issued and during their lifetime (profit testing and key indicators). \nAnmeldeschluss: 2024-05-27
URL:https://avoe.at/event/eaa-web-session-comparing-ifrs17-and-solvency-ii-3/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240527T090000
DTEND;TZID=Europe/Vienna:20240528T162000
DTSTAMP:20260525T143735
CREATED:20231003T175343Z
LAST-MODIFIED:20231003T175343Z
UID:10000376-1716800400-1716913200@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. We will close with an overview of methodical most relevant topics for implementation seen in various European markets\, share emerging market experience and discuss these with the participants. \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. \nAnmeldeschluss: 2024-05-26
URL:https://avoe.at/event/eaa-web-session-understanding-ifrs-17-4/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240516T090000
DTEND;TZID=Europe/Vienna:20240517T170000
DTSTAMP:20260525T143735
CREATED:20240107T171542Z
LAST-MODIFIED:20240107T171542Z
UID:10000399-1715850000-1715965200@avoe.at
SUMMARY:EAA Seminar 'Actuarial Methods for Cyber Insurance' in Lisbon
DESCRIPTION:The purpose of this seminar is to provide an overview on cyber risk and on the ability of cyber insurance to cover it. After an introduction describing the specificities (technological\, technical\, actuarial) of cyber risk\, we discuss the actuarial models that can be adapted to pricing and reserving in the context of cyber insurance and reinsurance. We also discuss the question of «insurability» of cyber\, and of quantification and prevention of accumulation scenarios. \n  \nAfter completing this course\, you will be able to \n  \n– Identify the specificities of cyber risk \n– Know the contents of typical insurance and reinsurance policies on cyber \n– Understand the impact of legislation on cyber insurance \n– Understand the practical constraints of cyber underwriting and how an efficient underwriting policy can help to reducing the risk \n– Identify the factors that may jeopardize the mutualisation of cyber risk Identify extreme events and convey a risk segmentation \n– Construct accumulation scenarios on a cyber portfolio \n– Quantify the impact of protection measures on the risk of saturation in the insurer response capacity \n– Handle numerical tools and practical applications \n– Identify the key aspects of cyber claim management \n– Anticipate major trends in the evolution of the risk \nAnmeldeschluss: 2024-05-12
URL:https://avoe.at/event/eaa-seminar-actuarial-methods-for-cyber-insurance-in-lisbon/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240515T090000
DTEND;TZID=Europe/Vienna:20240515T133000
DTSTAMP:20260525T143735
CREATED:20240116T180957Z
LAST-MODIFIED:20240116T180957Z
UID:10000409-1715763600-1715779800@avoe.at
SUMMARY:EAA Web Session 'The Scientific Basis of Climate Change'
DESCRIPTION:An introduction into the physical and chemical basis of climate change will be given\, which comprises both radiation equilibria and atmospheric processes that lead to global warming\, commonly labeled as climate change. We will discuss feedback loops\, which are capable of changing earth’s surface temperature and related quantities in a disruptive and irreversible manner\, with a focus on time-scales of these changes. Consequences of temperature and precipitation changes on damage scenarios\, public health\, and life expectancy issues will be discussed. \nAnmeldeschluss: 2024-05-13 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0439
URL:https://avoe.at/event/eaa-web-session-the-scientific-basis-of-climate-change/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
END:VCALENDAR