on 22/23 & 25/26 June 2026 Due to the inversion of the production cycle, the insurance business is very different from other traditional industries. Understanding, measuring and managing the performance of insurance companies is difficult due to the specific risks insurance companies must cover. It is therefore essential that you, as an employee of the […]
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. Following additional years of further debates on several actuarial and accounting-related aspects the new standard has become effective on 1st January 2023 and fundamentally changed the way on how many […]
Deep Learning supports Solvency Requirements for Pension Funds and ensures the Guarantee of Benefit Payments at any time. It is particularly well-suited for time series forecasting related to inflation, yield curves and asset allocation returns in order to prepare and review these. We use the Long short-term memory (LSTM) method, a type of recurrent neural […]
Organised by the EAA - European Actuarial Academy GmbH in cooperation with the Aktuarvereinigung Österreichs (AVÖ). 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 […]
The web session 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 […]
Organised by the EAA - European Actuarial Academy GmbH in cooperation with the Aktuarvereinigung Österreichs (AVÖ). This is part two 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 […]
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. This session will provide practical guidance on stress testing application in the ORSA context, focusing on financial risks, and provide context and foundations necessary in order to communicate […]
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 […]
Deep learning (DL) pertains to the field of artificial intelligence and is great at extracting and mastering the often highly non linear patterns of a given process, whatever this process might be. The only main requirement is the availability of a large amount of data that describes the behaviour of the process under different conditions […]
In the modern economy, where many businesses integrally depend on functioning IT systems and digital services, cyber insurance has emerged as one of the fastest-growing insurance lines. Likewise, the challenges for actuaries in adequately assessing, modelling, pricing, and managing this complex and ever-evolving risk are manifold. In this session, we will delve into key aspects […]
This web session provides a structured and practical walkthrough of the Own Risk Assessment (ORA) under IORP II. We begin with a concise overview of the European pension landscape and supervisory expectations, followed by a clear comparison between ORA and ORSA. The core of the session focuses on the practical building blocks of a robust […]
