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 […]
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 […]
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. Overall, these methods complement the traditional actuarial […]
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 […]
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 […]
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, […]
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 […]
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. […]
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? […]
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 […]
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 […]
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 […]
