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Generative AI (GenAI) tools, such as ChatGPT, are rapidly reshaping the way actuaries approach problem-solving, analysis, and communication. Beyond their familiar web-based interfaces, these tools offer powerful functionalities through programmatic integration, which allows users to directly access and interact with the underlying Large Language Models (LLMs) via APIs (Application Programming Interfaces). Unlike standard web-based interactions, […]

In 2017, after more than two decades of debates, outreach and Exposure Drafts, the IASB finally published the new IFRS 17 standard for Insurance Contracts. After additional three years of further debates on several actuarial and accounting-related aspects of the implementation, the IASB issued amendments to IFRS 17 on 25 June 2020, which included a […]

The goal of this three-hour web session is to provide participants with a comprehensive introduction on the IFRS reporting requirements for insurance contracts after go-live of IFRS 17. Focus will be the illustration of the reporting requirements of IFRS 17 to “demystify” the new presentation requirements on the IFRS balance sheet and the statement(s) of […]

By the end of the web session, 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. Participants will also understand mathematical principles behind key XAI techniques, evaluate the strengths and limitations of XAI methods, run a machine learning […]

While the Insurance Distribution Directive (IDD) has been in force in each EU member state since 2018 at the latest, its implementation has only become the focus of supervisory authorities in the last two years. Of particular importance are the requirements for the product approval process according to Article 25 IDD in connection with the […]

Quantifying Uncertainty in Actuarial Models: An Introduction to Conformal Prediction As the actuarial landscape becomes increasingly data-driven, traditional statistical methods are evolving, linking point estimates with quantifiable uncertainty. Conformal Prediction is a powerful framework used to evaluate the uncertainty of predictions. It turns point predictions into prediction regions, in this way, when you make a […]

Non-Life insurance is facing many challenges ranging from fierce competition in the market or evolution in the distribution channel used by consumers to evolution of the regulatory environment. Pricing is the central link between solvency, profitability and market shares (volume). Improving pricing practice encompasses several dimensions: - Technical: is our pricing adequate to cover the […]

Non-Life insurance is facing many challenges ranging from fierce competition in the market or evolution in the distribution channel used by consumers to evolution of the regulatory environment. Pricing is the central link between solvency, profitability and market shares (volume). Improving pricing practice encompasses several dimensions: - Technical: is our pricing adequate to cover the […]

This is part four of four courses required to obtain the EAA Certificate in Actuarial Data Science. To earn the certificate, participants must complete all four modules, which include both the seminar and the exam. Members of AVÖ and/or DAV will obtain the additional title Certified Actuarial Data Scientist (by AVÖ and/or DAV) by fulfilling […]

The web seminar focuses on quantitative analyses of financial and non-financial risks of an insurance company and the effect and possible applications of risk mitigation techniques. After an introduction to the economic valuation of an insurance company, including stochastic valuation models and approximation techniques for life companies, and the building blocks of its economic balance […]

This web session is designed to be valuable for participants affected by IFRS-reporting, for example working as actuarial, finance, controlling or risk experts. It is also beneficial for those interested in gaining a deeper understanding of the practical application of this critical component of the standard. The session will provide insights and guidance on good […]

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 kinds of tasks, but can also be tricky to get started with, especially when one has not […]