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. Please contact your actuarial association regarding the recognition of the […]
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. In 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 […]
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 […]
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. Participants will also understand mathematical principles behind key XAI techniques, evaluate the strengths and limitations of XAI methods, run a machine learning […]
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 […]
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? […]
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, […]
The purpose of this session is to introduce relevant concepts of pricing and discrimination therein as well as an overview of discrimination-reducing concepts from the literature. We will then draft some toy models, including generation of synthetic data with particular properties. Afterward, we will review limits and possibilities toward enabling (some kind of) less-discriminatory pricing. […]
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 […]
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 […]
The purpose of this web session is twofold: First, you will gain an in-depth understanding of the algorithm including its underlying theoretical motivation and its statistical properties. Second, 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 […]
