A good summary of Arthur’s presentation is given in the title to his presentation: “A CERA working in the non-financial arena: Lessons learnt when things go wrong”. The presentation deals with a CERA providing services in the constructio
The objective of this module is to explain, based on real practical experiences, the implementation of some of the main elements of an operational risk framework. The module also tries to show how a pragmatic and effective implementation of an operational
In this video, RGA's Peter Barrett, Senior Vice President and Head of GST Underwriting, Claims and Medical Support, discusses insurers’ use of policy exclusions, including their impact on risk management today, and their potential role in the future
Projection of own funds and capital requirements over a multi-year horizon has become a fundamental component in modern risk- and value-based business planning and regulatory requirements for insurance companies. The presentation provides an overview abou
The presented work covers two tasks, the prediction of policy values up to the maturity of an individual contract and the grouping of contracts, which are combined within our approach. Despite the high importance of grouping in practice, little research o
All AAC 2019 recordings can be found here. From 21 to 24 October, another international highlight for actuaries in 2019 took place – this time it´s in Singapore. The 22nd Asian Actuarial Conference featured three days of program under the them
by Nick van der Nest (Munich Re)
by Hassan Scott Odierno (Actuarial Partners Consulting)
This paper will discuss the difficulty of motor extended warranty rate-making and review existing approaches to tackle current difficulties. It will also compare the prediction accuracy of GLM, SVM, and deep learning methods using data from Korea and Chin
When a team culture feels right then the team will naturally perform optimally. We will explore what a company, team manager and team member can do to create a high performing team culture. Be the change you want to see. The environment we create is a ref
How can actuaries leverage human-centric design to create new products and services that are relevant to the customer? Learn the design-thinking framework and see how it can be applied to insurance.
This paper will examine improving decision making in insurance risk underwriting. A key component of insurance risk underwriting decisions is qualitative judgement, in addition to quantitative analytical modelling. In the training of actuaries, great stri
5:00Tony Cheng, FIAA, Executive Vice President, Head of Asia RGA, welcomes the participants at AAC 2019 in Singapore.
The insurance markets in the Asian countries will have a significant contribution to the global market growth in the coming years. Developing countries such as China, India and Indonesia are expected to experience strong growth due to higher demand for in