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X-WR-CALDESC:Veranstaltungen für AKTUARVEREINIGUNG ÖSTERREICHS (AVÖ)
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BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240626T000000
DTEND;TZID=Europe/Vienna:20240626T000000
DTSTAMP:20260613T162308
CREATED:20240626T051904Z
LAST-MODIFIED:20240626T052024Z
UID:10000450-1719360000-1719360000@avoe.at
SUMMARY:VersVG aktuell - Deckung ja – Deckung nein? Teil 2
DESCRIPTION:Zahlt der Versicherer oder zahlt er nicht? In dieser Veranstaltung wird aktuelle OGH-Judikatur in wesentlichen Praxisfragen zu Schadensfällen/Leistungspflicht des Versicherers quer durch die wichtigsten Sparten dargestellt – praxisbezogen und auch für Nichtjuristen verständlich.\nTeil 2 setzt die Thematik quer durch die Sparten fort\, kann aber auch separat gebucht werden.\nAnmeldeschluss: 2024-09-24
URL:https://avoe.at/event/versvg-aktuell-deckung-ja-deckung-nein-teil-2/
LOCATION:Online/Streaming
CATEGORIES:Österreichische Gesellschaft für Versicherungsfachwissen (GVfW)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240617T080000
DTEND;TZID=Europe/Vienna:20240617T170000
DTSTAMP:20260613T162308
CREATED:20240107T165511Z
LAST-MODIFIED:20240107T165511Z
UID:10000395-1718611200-1718643600@avoe.at
SUMMARY:EAA Web Session 'Climate Day 5.0'
DESCRIPTION:The debate on climate change has rapidly evolved in recent years. It is no longer on whether the evidence of human impact on climate change is real\, but on whether key mitigating strategies being adopted are sufficient. \n  \nFor insurance industry\, climate change manifests itself through a variety of risks on the asset and liability sides of the balance sheet. In our Climate Day 5.0\, we are going to zoom into the following topics: \n  \nHow can we capture the tail dependency between heat and mortality? \nHow climate change impact upon an asset portfolio can be captured in one KPI? \nHow can ESG risks be reflected in the strategy of an insurance company? \nWhat is the impact of climate change on low-income people and what insurers should be doing? \nAnmeldeschluss: 2024-06-13
URL:https://avoe.at/event/eaa-web-session-climate-day-5-0/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240614T090000
DTEND;TZID=Europe/Vienna:20240614T121500
DTSTAMP:20260613T162308
CREATED:20240107T160805Z
LAST-MODIFIED:20240107T160805Z
UID:10000391-1718355600-1718367300@avoe.at
SUMMARY:: EAA Web Session 'How to Read the New IFRS Balance Sheet  for Insurers'
DESCRIPTION:The goal of this three-hour web session is to provide participants with a comprehensive introduction on the new IFRS reporting requirements for insurance contracts after go-live of IFRS 17. Focus will be the illustration of the new reporting requirements of IFRS 17 to “demystify” the new presentation requirements on the IFRS balance sheet and the statement(s) of financial performance (Profit and Loss as well as Other Comprehensive Income). The web session will also briefly compare key aspects of the new reporting requirements to former IFRS 4-reporting practice\, contain a brief summary of the main information which can be found within the new IFRS 17 reporting and cover the different aspects for primary and reinsurance related business. \n  \nOverall\, the goal is to enable participants to understand the IFRS 17 reporting and help transferring the reporting requirements into the specific situation of the participant. It is thus intended to prepare participants for analysing\, testing\, reviewing\, and consulting with management\, accounting\, and auditors. \nAnmeldeschluss: 2024-06-13
URL:https://avoe.at/event/eaa-web-session-how-to-read-the-new-ifrs-balance-sheet-for-insurers-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240610T090000
DTEND;TZID=Europe/Vienna:20240610T123000
DTSTAMP:20260613T162308
CREATED:20240107T171210Z
LAST-MODIFIED:20240107T171210Z
UID:10000398-1718010000-1718022600@avoe.at
SUMMARY:EAA Web Session 'Non-Life Reserving'
DESCRIPTION: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. \n  \nReserving practices are expected to keep changing\, as the influences of big data and regulatory requirements continue to evolve. \n  \nThe aim of this workshop is to \n  \nRefresh classical actuarial/statistical techniques used in non-life reserving (Gaap and Solvency 2). \nFocus on some practical problems faced by reserving actuaries\, by presenting practical examples. \nIntroduce more advanced techniques used in non-life reserving in order to open new perspectives on more granular reserving calculation\, case estimates\, etc. \nAnmeldeschluss: 2024-06-06
URL:https://avoe.at/event/eaa-web-session-non-life-reserving/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240529T100000
DTEND;TZID=Europe/Vienna:20240529T120000
DTSTAMP:20260613T162308
CREATED:20240107T170210Z
LAST-MODIFIED:20240107T170210Z
UID:10000396-1716976800-1716984000@avoe.at
SUMMARY:EAA Web Session 'Comparing IFRS17 and Solvency II'
DESCRIPTION: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 will show the impact of IFRS17 on the management of the contracts when issued and during their lifetime (profit testing and key indicators). \nAnmeldeschluss: 2024-05-27
URL:https://avoe.at/event/eaa-web-session-comparing-ifrs17-and-solvency-ii-3/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240527T090000
DTEND;TZID=Europe/Vienna:20240528T162000
DTSTAMP:20260613T162308
CREATED:20231003T175343Z
LAST-MODIFIED:20231003T175343Z
UID:10000376-1716800400-1716913200@avoe.at
SUMMARY:EAA Web Session 'Understanding IFRS 17'
DESCRIPTION: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. \n  \nIn the web session\, we will first shed a light on the context of accounting for insurance contracts within the IFRS 17 framework. We will present and discuss the general concepts behind the new model and refer to the application of valuation models like the Variable Fee Approach (VFA) and the Premium Allocation Approach (PAA). The web session will proceed with a discussion of topics specific to individual lines of business. We will close with an overview of methodical most relevant topics for implementation seen in various European markets\, share emerging market experience and discuss these with the participants. \n  \nOverall\, the goal is to enable participants to understand the standard and help transferring the requirements into your specific situation. It is thus intended to prepare participants for model development\, implementation\, testing\, reviewing and consulting with management\, accounting and auditors. \nAnmeldeschluss: 2024-05-26
URL:https://avoe.at/event/eaa-web-session-understanding-ifrs-17-4/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240516T090000
DTEND;TZID=Europe/Vienna:20240517T170000
DTSTAMP:20260613T162308
CREATED:20240107T171542Z
LAST-MODIFIED:20240107T171542Z
UID:10000399-1715850000-1715965200@avoe.at
SUMMARY:EAA Seminar 'Actuarial Methods for Cyber Insurance' in Lisbon
DESCRIPTION: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 reinsurance. We also discuss the question of «insurability» of cyber\, and of quantification and prevention of accumulation scenarios. \n  \nAfter completing this course\, you will be able to \n  \n– Identify the specificities of cyber risk \n– Know the contents of typical insurance and reinsurance policies on cyber \n– Understand the impact of legislation on cyber insurance \n– Understand the practical constraints of cyber underwriting and how an efficient underwriting policy can help to reducing the risk \n– Identify the factors that may jeopardize the mutualisation of cyber risk Identify extreme events and convey a risk segmentation \n– Construct accumulation scenarios on a cyber portfolio \n– Quantify the impact of protection measures on the risk of saturation in the insurer response capacity \n– Handle numerical tools and practical applications \n– Identify the key aspects of cyber claim management \n– Anticipate major trends in the evolution of the risk \nAnmeldeschluss: 2024-05-12
URL:https://avoe.at/event/eaa-seminar-actuarial-methods-for-cyber-insurance-in-lisbon/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240515T090000
DTEND;TZID=Europe/Vienna:20240515T133000
DTSTAMP:20260613T162308
CREATED:20240116T180957Z
LAST-MODIFIED:20240116T180957Z
UID:10000409-1715763600-1715779800@avoe.at
SUMMARY:EAA Web Session 'The Scientific Basis of Climate Change'
DESCRIPTION: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 a focus on time-scales of these changes. Consequences of temperature and precipitation changes on damage scenarios\, public health\, and life expectancy issues will be discussed. \nAnmeldeschluss: 2024-05-13 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0439
URL:https://avoe.at/event/eaa-web-session-the-scientific-basis-of-climate-change/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240514T090000
DTEND;TZID=Europe/Vienna:20240516T123000
DTSTAMP:20260613T162308
CREATED:20240321T100423Z
LAST-MODIFIED:20240321T100423Z
UID:10000421-1715677200-1715862600@avoe.at
SUMMARY:INSURANCE PRIME: unser Online-Programm - VersVG aktuell – Update und Refresher I: Antrag\, Storno\, Konvertierung
DESCRIPTION: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. \n\n\nTeil 1: Abschluss\, Konvertierung und Vertragsstorno allgemein\n14.05.2024\, 9:00 – 12:30 Uhr\, LIVE online (Webex)\n\n\nTeil 2: Vertragsstorno – praktisch besonders wichtige Kündigungsrechte im Detail\n16.05.2024\, 9:00 – 12:30 Uhr\, LIVE online (Webex)
URL:https://avoe.at/event/insurance-prime-unser-online-programm-versvg-aktuell-update-und-refresher-i-antrag-storno-konvertierung/
LOCATION:Online/Streaming
CATEGORIES:Österreichische Gesellschaft für Versicherungsfachwissen (GVfW)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240514T090000
DTEND;TZID=Europe/Vienna:20240514T180000
DTSTAMP:20260613T162308
CREATED:20240116T172941Z
LAST-MODIFIED:20240116T172941Z
UID:10000402-1715677200-1715709600@avoe.at
SUMMARY:EAA e-Conference on Data Science & Data Ethics
DESCRIPTION: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: \nThe annual e-Conference on ‚Data Science & Data Ethics‘\, provides the forum for experts from the field of actuarial data science. Bring your expertise to present current solutions to technical problems\, share best practices and personal insights. \nAnmeldeschluss: 2024-05-13 \nLink: https://actuarial-academy.com/seminars/conference
URL:https://avoe.at/event/eaa-e-conference-on-data-science-data-ethics-4/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240506T100000
DTEND;TZID=Europe/Vienna:20240506T120000
DTSTAMP:20260613T162308
CREATED:20240107T170817Z
LAST-MODIFIED:20240107T170817Z
UID:10000397-1714989600-1714996800@avoe.at
SUMMARY:EAA Web Session 'Emerging Risks'
DESCRIPTION: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. \nTheir assessment requires a solid process for identification and analysis\, using industry-standard resources and tools\, to gain a good overview and solid understanding of all Emerging Risks relevant to a company as well as their related trends and interconnections. \nAnmeldeschluss: 2024-05-02
URL:https://avoe.at/event/eaa-web-session-emerging-risks-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240430T093000
DTEND;TZID=Europe/Vienna:20240430T130000
DTSTAMP:20260613T162308
CREATED:20240116T180629Z
LAST-MODIFIED:20240116T180629Z
UID:10000407-1714469400-1714482000@avoe.at
SUMMARY:EAA Web Session 'Climate Risk Stress Testing for Physical Risk from Natural Hazards'
DESCRIPTION:This session will cover various practical aspects around physical climate risk modelling and scenarios analysis\, including: \n\nUnderstanding how climate change affects different natural catastrophe risks for insurers.\nExploring the modelling of physical hazards under climate change for location-based portfolios and discuss peer-reviewed data that can be leveraged for this assessment.\nStep-by-step walkthrough of key elements for preparing and performing a climate risk stress test for a property portfolio and illustration based on a case study.\nDiscuss results from a case study focusing on flood\, wildfire\, and tropical cyclones for selected countries\, and highlight common challenges in application.\nHighlight key assumptions\, limitations\, and uncertainties surrounding this assessment.\n\nAnmeldeschluss: 2024-04-29 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0365
URL:https://avoe.at/event/eaa-web-session-climate-risk-stress-testing-for-physical-risk-from-natural-hazards/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240412T090000
DTEND;TZID=Europe/Vienna:20240412T161500
DTSTAMP:20260613T162309
CREATED:20240116T172634Z
LAST-MODIFIED:20240116T172634Z
UID:10000401-1712912400-1712938500@avoe.at
SUMMARY:Web Session 'IFRS 17: Special Issues with Reinsurance Contracts'
DESCRIPTION: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. P&C coverage. \nAnmeldeschluss: 2024-04-11 \nLink: https://actuarial-academy.com/seminars/seminar?No=E0389
URL:https://avoe.at/event/web-session-ifrs-17-special-issues-with-reinsurance-contracts/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240410T090000
DTEND;TZID=Europe/Vienna:20240416T123000
DTSTAMP:20260613T162309
CREATED:20231030T112950Z
LAST-MODIFIED:20231030T112950Z
UID:10000380-1712739600-1713270600@avoe.at
SUMMARY:EAA Web Session 'Understanding the Performance of an Insurance Company: An Introduction'
DESCRIPTION:The seminar will alternate between methodological concepts\, practical examples and case studies in order to ensure a comprehensive understanding of the techniques presented. \n  \nThe instructor-led sessions will take place online over four days between 9:00 and 12:30. \n  \nThe participants will be requested to look at 14 e-learning capsules (of around 30 minutes each): \n– Functioning of the company (main economic principles\, insurance premium\, main insurance and financial products) \n– How to measure and manage the performance of an insurance company \n– Focus on non-life and life products \n  \nThe e-learning capsules contain pedagogical presentations of the concepts with examples. They can be followed by the participants whenever they want between the web sessions\, as pre-requisites. \n  \nThe participants will perform the case studies in Excel. \n  \nExamples in e-learning capsules and case studies will be based on our experience with Belgian companies but are not specific to Belgium and are rather applicable to most European countries. \nAnmeldeschluss: 2024-04-09
URL:https://avoe.at/event/eaa-web-session-understanding-the-performance-of-an-insurance-company-an-introduction-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240321T100000
DTEND;TZID=Europe/Vienna:20240321T120000
DTSTAMP:20260613T162309
CREATED:20240107T161242Z
LAST-MODIFIED:20240107T161242Z
UID:10000392-1711015200-1711022400@avoe.at
SUMMARY:EAA Web Session 'Commission’s Request to an Adapted Framework'
DESCRIPTION: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 discussed by the trialogue parties since September 2023. The agreement achieved in December 2023 on the reform of the framework was an important milestone. \n  \nThis agreement paves the way for the adaptation of the Solvency II-framework and for the introduction of the new Insurance Recovery and Resolution Directive (IRRD). \n  \nSome relevant details of previously discussed issues are shifted to Delegated Regulation or Technical Standards and are not finalised. The Commission’s empowerments together with EIOPA’s previous technical advice allow already by now a first assessment of the outcome. \n  \nThis web session will deal with the following topics: \n  \n\na) Proposed amendments of the SII-Directive\nb) Expected amendments of Delegated Regulation and Technical Standards\nc) Fundamental components of the IRRD\n\n  \nThe goal of this web session is to provide an overview of the status of the SII-review and to assess the possible implications for actuaries and undertakings. Aspects of the IRRD and the interrelation between IRRD and Solvency II will be discussed. Commission is empowered to lay down technical details in Delegated Regulation or Technical Standards to complete the prudential framework. Actuarial topics which might be tackled in this process will be discussed as well. \nAnmeldeschluss: 2024-03-19
URL:https://avoe.at/event/eaa-web-session-commissions-request-to-an-adapted-framework/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240312T100000
DTEND;TZID=Europe/Vienna:20240312T120000
DTSTAMP:20260613T162309
CREATED:20231204T165112Z
LAST-MODIFIED:20231204T165112Z
UID:10000388-1710237600-1710244800@avoe.at
SUMMARY:EAA Web Session 'Credit Risk'
DESCRIPTION:Credit risk arises from the potential that a borrower or counterparty fails to meet its financial obligations. This can be related to a deterioration of the financial or liquidity position of the counterparty ultimately leading to default. The sources and propagation of credit risk can be both specific and systemic. Insurers and banks are significantly exposed to this risk via their fixed income investments\, loans and other recoverables requiring a proper understanding of the drivers and a tailored risk management. \nAnmeldeschluss: 2024-03-08
URL:https://avoe.at/event/eaa-web-session-credit-risk/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240229T090000
DTEND;TZID=Europe/Vienna:20240229T123000
DTSTAMP:20260613T162309
CREATED:20230220T124309Z
LAST-MODIFIED:20231003T164743Z
UID:10000293-1709197200-1709209800@avoe.at
SUMMARY:EAA Web Session: Cash Balance Pension Schemes
DESCRIPTION:The objective of this web session is to give an overview of these Cash Balance mechanisms and illustrate some interesting actuarial problems of the topic. In a first part\, we will define the concept of CB and compare it with other pension schemes. We will present advantages and disadvantages for all the parties. We will look at the effect of introducing a legal minimum return in the system. The second part is devoted to more quantitative studies. First\, we will develop some financial valuation issues induced by the technique. We will look also at preferences between CB and DC in terms of utility function as well for the sponsor as for the affiliates; we will show in particular that we can express the problem as the Nash equilibrium of a game between the sponsor and the affiliates. \nAnmeldeschluss: 2023-10-09 \n 
URL:https://avoe.at/event/eaa-web-session-cash-balance-pension-schemes/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240228T090000
DTEND;TZID=Europe/Vienna:20240228T121500
DTSTAMP:20260613T162309
CREATED:20230919T165429Z
LAST-MODIFIED:20230919T165429Z
UID:10000351-1709110800-1709122500@avoe.at
SUMMARY:EAA Web Session 'IFRS 17: The Premium Allocation Approach'
DESCRIPTION:To enhance the applicability of the PAA\, judgment of the details of the eligibility criteria is needed. We will discuss those details and the hurdles included. Further\, we will discuss the details of the PAA measurement particularly in comparison with traditional methods which might be applied as approximation. The combination of the simplified approach together with the general model to be applied to the claims liability is a further topic. \nAnmeldeschluss: 2024-02-27
URL:https://avoe.at/event/eaa-web-session-ifrs-17-the-premium-allocation-approach-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240222T080000
DTEND;TZID=Europe/Vienna:20240222T170000
DTSTAMP:20260613T162309
CREATED:20230919T181854Z
LAST-MODIFIED:20230919T181854Z
UID:10000356-1708588800-1708621200@avoe.at
SUMMARY:EAA Web Session 'Volatility Adjustment under Solvency II'
DESCRIPTION:This session aims at explaining the evolution of the Volatility Adjustment (VA) under the current formula versus the new formula following the SII review and how the deficiencies have been addressed. We also focus on how to manage basis risk coming from the VA as part of the ORSA. \nAnmeldeschluss: 2024-02-20
URL:https://avoe.at/event/eaa-web-session-volatility-adjustment-under-solvency-ii/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240221T090000
DTEND;TZID=Europe/Vienna:20240221T121500
DTSTAMP:20260613T162309
CREATED:20230919T165747Z
LAST-MODIFIED:20230919T165747Z
UID:10000352-1708506000-1708517700@avoe.at
SUMMARY:EAA Web Session 'IFRS 17: Guidance for Risk Adjustments'
DESCRIPTION:IFRS 17 requires that risks inherent in the cash flows of the insurance contracts are considered in measurement\, differentiating between financial risks and non-financial risks. While the financial risks are measured at their current (estimated) market value\, non-financial risks are measured at “the compensation that the entity requires for bearing the uncertainty about the amount and timing of the cash flows that arises from non-financial risk”. \n  \nIdentifying the uncertainties\, for both amount and timing\, factors influencing the uncertainties like random deviations or changes of risk over time and differentiating between financial and non-financial risk for quantifying the risk and identifying the entity-specific risk aversion for associating a value to the estimated quantity of risk demands a deep understanding of the concepts of IFRS 17. \nAnmeldeschluss: 2024-02-19
URL:https://avoe.at/event/eaa-web-session-ifrs-17-guidance-for-risk-adjustments/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240220T140000
DTEND;TZID=Europe/Vienna:20240220T153000
DTSTAMP:20260613T162309
CREATED:20230824T193927Z
LAST-MODIFIED:20230824T193927Z
UID:10000346-1708437600-1708443000@avoe.at
SUMMARY:EAA Web Session: Gene & Cell Therapies: Benefits & Challenges from an Actuarial Perspective
DESCRIPTION:The objective of this web session is to provide an educational experience by discussing the benefits\, challenges\, and concerns associated with these therapies. While from a mainly U.S. perspective\, we will also address issues relevant to European countries. We will examine current and future treatments and the financial and non-financial issues at play. We will also highlight the important role of actuaries in addressing these issues.
URL:https://avoe.at/event/eaa-web-session-gene-cell-therapies-benefits-challenges-from-an-actuarial-perspective/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240213T090000
DTEND;TZID=Europe/Vienna:20240216T150000
DTSTAMP:20260613T162309
CREATED:20230919T184159Z
LAST-MODIFIED:20230919T184159Z
UID:10000363-1707814800-1708095600@avoe.at
SUMMARY:EAA Web Session CERA\, Module A: Quantitative Methods of ERM
DESCRIPTION:The 4-day web session assists actuaries in broadening their knowledge about modern quantitative financial and actuarial modelling; these topics form an essential part of the CERA syllabus. At the beginning of the online training we give a brief overview of the EAA-route to the CERA designation. The core part of the web session begins with an introduction to the modern theory of risk measures. Next\, a number of statistical techniques are discussed\, that are highly relevant for the analysis of actuarial and financial data and for the model-building process in risk management. Among others\, we will consider extreme value theory\, dependence modelling\, copulas\, and various aspects of integrated risk management. The training continues with an introduction to the modelling and the management of interest rate and credit risk. In particular\, participants will learn how to price simple interest options or Credit Default Swaps\,  how to account for counterparty risk and how to deal with credit portfolio risk. \n  \nThe web session consists of lectures and exercise sessions. In fact\, exercise sessions\, where various exercises and supplementary examples are discussed\, form an integral part of the seminar: they help the participants to understand the qualitative and quantitative techniques introduced in the lectures\, and they are a key element in the preparation for the CERA exam. \nAnmeldeschluss: 2024-02-09
URL:https://avoe.at/event/eaa-web-session-cera-module-a-quantitative-methods-of-erm-3/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240207T100000
DTEND;TZID=Europe/Vienna:20240207T120000
DTSTAMP:20260613T162309
CREATED:20231030T113209Z
LAST-MODIFIED:20231030T113209Z
UID:10000381-1707300000-1707307200@avoe.at
SUMMARY:EAA Web Session 'Liquidity Risk'
DESCRIPTION:This session aims at explaining the sources of liquidity\, the requirements and supervisory measures under Solvency II\, possible approaches and metrics to monitor and manage this risk. \n  \nWe start the session by illustrating liquidity issues on historical cases in the insurance sector and their propagation in the financial system. After the introduction\, we explain Solvency II requirements on liquidity risk and supervisory powers. Possible metrics and approaches are discussed. EIOPA stress test and risk dashboard on liquidity are then described. We end up with a concrete example and a quiz supporting key takeaways. \nAnmeldeschluss: 2024-02-06
URL:https://avoe.at/event/eaa-web-session-liquidity-risk/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240201T100000
DTEND;TZID=Europe/Vienna:20240201T120000
DTSTAMP:20260613T162309
CREATED:20230919T170129Z
LAST-MODIFIED:20230919T170129Z
UID:10000353-1706781600-1706788800@avoe.at
SUMMARY:EAA Web Session: Socio-Economic Mortality Curves
DESCRIPTION:Mortality curves are a critical ingredient for the valuation of any longevity-related product (for example\, pensions\, life insurance\, reverse mortgages). Typically\, several statistical agencies provide mortality curves differentiated on gender per country. However\, it has been documented that people’s mortality prospects differ beyond their differences in gender. Income\, education\, job type\, etc might all have an impact on mortality. In this online training\, we present 1) how such distinctive characteristics can be considered in a mortality model\, 2) empirical results (based on Belgian data) and 3) the implications for retirement products valuations. Though the empirical results are based on Belgian data\, many results are qualitatively in line with other European countries. \nThe 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 of \n1) Impact of socio-economic status on mortality rates \n2) Impact of differences in mortality curves on product valuations \n3) Adjusting mortality models to take socio-economic factors into account. \nAnmeldeschluss: 2024-01-30
URL:https://avoe.at/event/eaa-web-session-socio-economic-mortality-curves-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240201T100000
DTEND;TZID=Europe/Vienna:20240201T120000
DTSTAMP:20260613T162309
CREATED:20230824T194133Z
LAST-MODIFIED:20230824T194133Z
UID:10000347-1706781600-1706788800@avoe.at
SUMMARY:EAA Web Session: Socio-Economic Mortality Curves
DESCRIPTION:Mortality curves are a critical ingredient for the valuation of any longevity-related product (for example\, pensions\, life insurance\, reverse mortgages). Typically\, several statistical agencies provide mortality curves differentiated on gender per country. However\, it has been documented that people’s mortality prospects differ beyond their differences in gender. Income\, education\, job type\, etc might all have an impact on mortality. In this online training\, we present 1) how such distinctive characteristics can be considered in a mortality model\, 2) empirical results (based on Belgian data) and 3) the implications for retirement products valuations. Though the empirical results are based on Belgian data\, many results are qualitatively in line with other European countries. \nThe 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 of \n1) Impact of socio-economic status on mortality rates \n2) Impact of differences in mortality curves on product valuations \n3) Adjusting mortality models to take socio-economic factors into account.
URL:https://avoe.at/event/eaa-web-session-socio-economic-mortality-curves/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240131T100000
DTEND;TZID=Europe/Vienna:20240131T120000
DTSTAMP:20260613T162309
CREATED:20230919T181253Z
LAST-MODIFIED:20230919T181253Z
UID:10000355-1706695200-1706702400@avoe.at
SUMMARY:EAA Web Session 'SCR Interest under Solvency II'
DESCRIPTION:This session aims at explaining the evolution of the interest rate capital requirement under the current formula versus the new formula following the SII review and how the deficiencies have been addressed. \nAnmeldeschluss: 2024-01-29
URL:https://avoe.at/event/eaa-web-session-scr-interest-under-solvency-ii/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240124T100000
DTEND;TZID=Europe/Vienna:20240124T120000
DTSTAMP:20260613T162309
CREATED:20230919T170842Z
LAST-MODIFIED:20230919T170842Z
UID:10000354-1706090400-1706097600@avoe.at
SUMMARY:EAA Web Session 'Calculation of Life Insurance Products by Means of Markov Chains'
DESCRIPTION: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 chains is gaining in importance and has been used for some time in the mathematical cores of new portfolio administration systems. \n  \nThis web session will provide an insight into the calculation of common life insurance products using the Markov approach. For this purpose\, first an overview of the best-selling life insurance products in some European countries and their classic calculation will be given. In the following\, the principle of Markov chains is explained and a model for calculating actuarial values is derived. \n  \nFinally\, the seminar also addresses problems that can arise when migrating from classically calculated portfolios to systems with the Markov approach. \nAnmeldeschluss: 2024-01-22
URL:https://avoe.at/event/eaa-web-session-calculation-of-life-insurance-products-by-means-of-markov-chains/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20240122T090000
DTEND;TZID=Europe/Vienna:20240122T123000
DTSTAMP:20260613T162309
CREATED:20230908T125436Z
LAST-MODIFIED:20230908T125436Z
UID:10000349-1705914000-1705926600@avoe.at
SUMMARY:EAA Web Session 'Artificial Intelligence Act: The Insurance Fallout'
DESCRIPTION: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 as follows: \n  \n\nContents and objects of regulation\nActuarial relevance\nExample cases\nImplementation advice\nOutlook and discussion\n\n  \nKindly take note: This session is intended as information seminar; no legal counselling will take place.
URL:https://avoe.at/event/eaa-web-session-artificial-intelligence-act-the-insurance-fallout/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20231215T083000
DTEND;TZID=Europe/Vienna:20231215T130000
DTSTAMP:20260613T162309
CREATED:20231003T165806Z
LAST-MODIFIED:20231003T165806Z
UID:10000375-1702629000-1702645200@avoe.at
SUMMARY:EAA Web Session 'Telematics and Actuarial Pricing'
DESCRIPTION:The web session first gives an overview of current practices of applications of telematics in Europe and outside of Europe. Then best practices in pricing with telematics will be discussed and that leads to an actuarial discussion about the inclusion of big telematics data into the actuarial data-pool. The web session will close with some innovative actuarial approaches and solutions. \nAnmeldeschluss: 2023-12-14
URL:https://avoe.at/event/eaa-web-session-telematics-and-actuarial-pricing-2/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Vienna:20231130T100000
DTEND;TZID=Europe/Vienna:20231130T123000
DTSTAMP:20260613T162309
CREATED:20230919T184440Z
LAST-MODIFIED:20230919T184440Z
UID:10000364-1701338400-1701347400@avoe.at
SUMMARY:EAA Web Session: Cross-Border: One Tariff for 27 EU countries?
DESCRIPTION:Cross-Border business plays an important role in Europe´s insurance industry. For anyone running this business some topics are obvious. These are especially legal issues. Insurance supervision laws have been harmonised by Solvency\, but not (yet) insurance contract laws or tax legislation. \n  \nEven if these laws have substantial influence on the calculation of tariffs\, the online training wants to give insights on how to keep the influence low and puts focus on actuarial issues. \n  \nDo we need 27 different mortality tables for 27 EU- countries? \nWhat about differences in underwriting? \nQuestions like this will be discussed in the web session. \n  \nWithout claiming to have experience from 27 EU countries\, the referent will share his knowledge and experience about calculating same tariffs for more than 10 countries. \nAnmeldeschluss: 2023-11-28
URL:https://avoe.at/event/eaa-web-session-cross-border-one-tariff-for-27-eu-countries/
LOCATION:Online/Streaming
CATEGORIES:European Actuarial Academy (EAA)
END:VEVENT
END:VCALENDAR