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. Reserving practices are expected to keep […]
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 […]
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. In the web […]
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 […]
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 […]
Von der „Wiege“ bis zur „Bahre“ des Vertrags: Rechtsfragen, die in der alltäglichen Arbeitspraxis zu Abschluss, Konvertierung und Auflösung des Versicherungsvertrags zu lösen sind. Systematisch, praxisgerecht und auch für Nichtjuristen verständlich dargestellt auf Basis der OGH-Judikatur. Das Hauptaugenmerk liegt auf dem Vertragsstorno, das in der Praxis besonders zahlreiche und vielfältige Probleme aufwirft. Teil 1: Abschluss, […]
The European Actuarial Academy cordially invites actuarial and data science experts, along with all professionals eager to engage in this dynamic discourse, to participate in this exclusive knowledge exchange platform: The annual e-Conference on 'Data Science & Data Ethics', provides the forum for experts from the field of actuarial data science. Bring your expertise to […]
Recent developments and events have put some specific Emerging Risks in the spotlight, such as geopolitical risk, artificial intelligence, and climate change. However, there is a large number of further topics in the Emerging Risks universe that might warrant equal attention. Their assessment requires a solid process for identification and analysis, using industry-standard resources and […]
This session will cover various practical aspects around physical climate risk modelling and scenarios analysis, including: Understanding how climate change affects different natural catastrophe risks for insurers. Exploring the modelling of physical hazards under climate change for location-based portfolios and discuss peer-reviewed data that can be leveraged for this assessment. Step-by-step walkthrough of key elements […]
The web session will cover the guidance of IFRS 17 specific for reinsurance contracts, explain their meaning and background, and discuss practical challenges in implementing the guidance. Further, some exemplary challenges arising from applying the general guidance to reinsurance contracts, particularly more complex forms, are explained. The session will focus mainly on risk cessions, i.e. […]
The seminar will alternate between methodological concepts, practical examples and case studies in order to ensure a comprehensive understanding of the techniques presented. The instructor-led sessions will take place online over four days between 9:00 and 12:30. The participants will be requested to look at 14 e-learning capsules (of around 30 minutes each): […]
Solvency II-Review was initiated in February 2019 with Commission’s request for technical advice to EIOPA. This advice constituted the basis for Commission’s proposal for an amendment of the SII-framework and the proposal to deal with recovery and resolution in a separate Directive. Council and later Parliament proposed numerous amendments to these proposals. These have been […]
