The Current Topics paper is an initiative of the Society's Recent Qualifiers Committee. It is produced by recently qualified actuaries, with oversight from experienced colleagues, and provides a summary of recent developments from the following practice a
First webcast of the 2020 EAA Week by Dr. Frank Schiller.
Speaker: Paul Fulcher (Milliman) Recording from 29 January 2020 A review of the Risk Margin – Solvency II and beyond (Discussion of report from the IFoA Risk Margin Working Party) The risk margin has proven a controversial element of the Solvency I
The purpose of this webinar is to: Provide an overview of the duties of a Fully Qualified Actuary (e.g. Code of Conduct, Standards, etc.) Present the Professional Judgement Paper and its recommendations Give examples of grey-zones and challenges that a Fu
The insurance industry is changing rapidly and established firms are seeking tools that will help them take advantage of emerging opportunities while they adapt to disruptive forces affecting the industry. RGAX has combined best practices in the field of
Webinar of the AAE Risk Management Committee; conducted on 5 December 2019 Risk Management in its various forms continues to be an important activity for actuaries across Europe. This webinar will explore ways in which actuaries can contribute to operatio
The webinar was conducted on 17 September 2019 IFRS17 The IFRS 17 valuation of insurance contracts as well as the Solvency II balance sheet valuation of insurance liabilities are based on the present values of future cash-flows. Although the principle bas
There is a rapidly developing environment with respect to the use of Big Data and Data Analytics in the Asia-Pacific region. Insurers and regulators in the region have an awareness of and appreciation for the potential benefits of Big Data and Data Analyt
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
The Belt and Road initiative is perhaps both the most significant and least well understood foreign policy initiative of the 21st century. This talk will explore the logic behind the BRI and its expanding scope — now encompassing more than half the
IFRS 17 poses a significant change to the financial reporting for the insurance industry, spanning actuarial modelling, data, technology and finance processes. We will explore the implications on GI, which has historical not had as much emphasis.
General insurers frequently cede parts of their insurance risk to reinsurers in order to protect themselves from intolerably large losses in their insurance portfolio. This gives rise to a new type of risk, so-called reinsurance counterparty credit risk o
Increases in the life expectancy, the low interest rate environment and the tightening solvency regulation have caused insurers and policyholders to search for new, attractive retirement products. In this context, tontines and pooled annuities have gained