This is a two-day workshop jointly organized by the IAAHS and ASTIN and intended as a refresher course covering Reserving and Pricing models and topics.
Introduction to Reserving
• Definitions and considerations • The essence of reserving: assessing financial position correctly • Data => Loss Triangles • Basic Reserving Techniques • Assumptions and potential issues • Other reserving considerations
Introduction to Pricing
• The essence of insurance: the law of large numbers • The essence of pricing: the equivalence principle • Different pricing models for different situations o Aggregate models: high frequency - low severity claims o Life models: known size of claims o Individual models: known number of claims o Collective models: low frequency - high severity claims
Program
Day 1 - September 22 15:00-18:15 Singapore/Hong Kong time "Introduction to Reserving" workshop session led by Michiel van der Wardt
Day 2 - September 23 15:00-18:15 Singapore/Hong Kong time "Introduction to Pricing" workshop session led by Dr Frank Cuypers
