From 6 to 7 June 2019, the presentations of the ECA 2019 were recorded and streamed live from Lisbon on actuview. In addition to 36 submitted presentations on many different areas of actuarial practice, the congress program, held under the overall theme “Actuary 2020 – A profession on the move”, includes four high-ranking plenary sessions.
Additionally, due to the very successful Call for Papers, actuview also features nine exclusively produced online sessions as part of the ECA 2019 program.
The Actuarial Association of Europe (AAE) was established in 1978 under the name Groupe Consultatif to represent actuarial associations in Europe. Its purpose is to provide advice and opinions to the various organisations of the European Union – the Commission, the Council of Ministers, the European Parliament, EIOPA and their various committees – on actuarial issues in European legislation. The AAE currently has 36 member associations in 35 European countries, representing over 25,000 actuaries. Advice and comments provided by the AAE on behalf of the European actuarial profession are totally independent of industry interests. More information...
All videos can be found here.
Demographic changes and financial burdens have stressed public and private pension systems. Different reforms have been implemented around the world. These reforms may include or combine standard levers such as deferring retirement age, increasing contrib
Labour markets are undergoing major transformations mostly due to ageing population. Actuaries can play a fundamental role to ensure that social security systems continue to meet their objectives of adequacy of benefits and financing constraints. Adequacy
Over the last years, labour markets are quickly changing due to ageing population, technological innovations and arising of new professions. In this evolving context, how can we manage â€œlongevity riskâ€? Is survival always i
The research used actuarial techniques and historical commodity price data to synthetically create new historical investment return data going back 200-750 years - mostly based on data from the US, England and the EU. The research produced a surprising re
What are the knowledge and skill requirements for actuaries? What are functions and professional roles that are requested due to recent developments like digital transformation? These questions are examined by analyzing job advertisements in Germany, Aust
The german life insurance market was for a long time dominated by endowment and annuity products with profit participation. For the classical business interest rates, mortality/morbidity assumptions as well as expence loadings are guaranteed. Guarantees o
During the spring of 2018, the Finnish Centre for Pensions made a small-scale proof-of-concept (poc) machine learning test to classify imminent disability pensions among the working age population of Finland. We made the classification to predict disabili
The recent increase in the amount of data generated, stored and analyzed by insurers to establish their pricing and underwriting policies has led to the emergence of new needs. Both from a regulatory point of view, with the recent implementation in the Eu
Reserving is one of the core businesses of the actuarial profession. For insurance companies, it represents major strategic and economic challenges and its practice is subject to ever more advanced developments. Standard claims reserves valuation techniqu
The new standard on IFRS 17 was introduced with a fanfare and with good intentions. A harmonized more transparent reporting for insurance companies which investors can understand. That sounds to good to be true. And it is. Living up to these expectations
The aim of the presentation is to update the congres participants with the last elements from the strategy of AAE. Strategic Objective 1: Enhance relations with European institutions : Establish and maintain relationships with key European institutions, s
Traditional life insurance mathematics provides a plentiful toolkit for actuarial calculations. Nevertheless, significant weaknesses appear when relating classical approaches to current needs, which emerge from a continuously moving scenario. First, the e
The basic idea behind this presentation relates to the topic of â€œactuary 2020â€ which we believe is someone who is equally strong in calculating and communicating. Communicating your arguments, findings and results to non-ac
In an attempt to support a certain diversity, I would like to offer an alternative vision to the technical and formula-based actuarial papers and propose a broader reflection based on the motto â€œIn varietate concordiaâ€. Thi
The legal position of the actuary and of the actuarial profession is different throughout Europe. A clear view on the diverging and converging aspects is not available which is what is experienced as a deficiency during exchanges with European Institution
In the presentation, I will give an overview of topics that need to be considered for for non-life (re-)insurance companies. In particular, the presentation will cover the following topics: - Brief introduction of the Building Block Approach (BBA) and the
IFRS 17 provides for existing insurance liabilities three methods to do the transition to this new accounting standard: a retrospective approach, a modified retrospective approach and a fair value approach. In an extensive case study by EFRAG, 30% of resp
KACEM Hamdi (author), Actuary IA, Method and Innovation Department Group, Technical Direction at CNP Assurances, email@example.com - OLYMPIO Anani (co-author), Certified Actuary and ERM CERA, head of Method and Innovation Department Group Technical Direc
We look at the actuarial role from a behavioural point of view, taking into account evidence from psychology and sociology. Actuaries are technical experts who should have a high degree of independence, but nevertheless belong to and depend on various soc
In Spain, the actuarial profession - actuary - is a regulated profession and has a reserve of activity and itâ€™s a protected title. This legal regime is recognized by the European Union [see: http://ec.europa.eu/growth/tools-databases/re
The increase in healthcare costs is one of the most important global problems, with a strong impact on the insurance industry, and in particular in the health sector, since by definition the insurer receives from its clients in advance an amount of premiu
Solvency II has strengthened the need for insurers of all sizes to determine market consistent valuations for guarantees given to policyholders. The standard approach to valuing policyholder guarantees involves the use of an economic scenario generator, i
If people are affected by a serious disease such as cancer, they often need a protection of their income or financial support to cover the cost of state of the art treatment. For these cases, Critical Illness (CI) insurance with its prompt lump sum paymen
The health benefits of moderate regular physical activity have been clearly demonstrated and are widely consensual. However, there is a growing debate over the potential adverse effects of strenuous physical activity, particularly at a professional level.