Web Session "Operational Risk for Actuaries" on 3/4 March 2022 Operational risk is the risk of loss, arising from inadequate or failed internal processes, people and systems or from external events. That is the definition of operational risk for regulatory purposes. Operational risk management is usually part of ERM and actuaries are typically not involved in these processes. That is often because of poor data related to rare events and some lack of methodologies. The goal of this web session is to provide actuaries with tools and ideas how to better involve in operational risk management and how to use existing actuarial toolboxes to improve valuation of operational risk. further details
Web Session "Machine Learning and Anomaly Detection" on 1 April 2022 Machine Learning (ML) allows computers to process data, analyse it in real time and learn and make decisions based on data. Diverse applications from self-driving cars to chess computers have successfully relied on ML. While the insurance industry is not necessarily known for being particularly innovative, insurance companies are increasingly embracing approaches commonly used in ML to address business challenges in different areas. Actuaries and data scientists apply ML to claim management, underwriting or customer service. In this web session, we are going to discuss how techniques commonly used by data scientist in ML applications can help actuaries detect/remove bad data and significantly improve forecasting abilities of modern actuarial models. further details
Web Session "Reinsurance under IFRS17 for Life & Health" on 5 April 2022 We will start out with general concepts for the presentation of Reinsurance Held under IFRS17. Next, we will move on to practical examples of various types of reinsurance solutions. For long-term Life, Disability and Health business we will cover examples of both proportional and non-proportional reinsurance. Furthermore, we will shed light on the treatment of cash and non-cash financings. To conclude this session we will make a comparison with the previous treatment under IFRS4 and analyse mismatches between Insurance Contracts Issued and Reinsurance Held. further details
!New web sessions online!
In the last few weeks, we have organised a variety of new web sessions in March and April 2022 on different topics. Please have a look at all virtual sessions on our website and find more information below:
5 November 2021 Web Session "Long-Term Care Insurance Living Benefits: Risk Profiles" further details
10 November 2021 Web Session "Longevity Heterogeneity and Pension Schemes" further details
12 November 2021 Web Session "Practical Machine Learning Applications in Finance & Insurance further details
17 November 2021 Web Session "Latest Trends in Life Products" further details
22/23 November 2021 Web Session "Mathematical Modelling for Actuaries" further details
25 November 2021 Web Session "Advanced Concepts of Clustering in Insurance" further details
30 November 2021 EAA's 2nd Climate Day: Risks and Opportunities for the Insurance Industry further details
1/2 December 2021 Web Session "Understanding IFRS 17" further details
18 January 2022 Web Session "IFRS 17 - Derivation of the Adjustment & its Confidence Level" further details
24/25 January 2022 Web Session "Structural Reforms for Public Pension Schemes" further details
26/27 January 2022 Web Session "Introduction to Graph Theory for Actuaries" further details
31 January and 7 February 2022 Web Session "Actuarial Modeling for Cyber Risk" further details
16 February 2022 Web Session "Practical Application of Clustering in Insurance" further details
8 March 2022 Web Session "Introduction to Effective Visuals with ggplot2" further details
28-31 March 2022 Web Session "Communication for Actuaries" further details
... and a lot more! Explore our website for more information.
