LIFE
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Lockdown Challenge Lean And Digital Life Product Development
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Life Policy Clustering Well-Established and Modern Grouping Methods
Added 0 73 ViewsSince the time of the MCEV models in the early 2000’s European life insurance companies have been facing a computational challenge: How to accurately project the entire portfolio consisting of thousands of policies with the existing IT capacities? T
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Novel Coronavirus – The Impact On Life Insurance Mortality & Underwriting
Added 0 119 ViewsThe current pandemic due to COVID-19 raises many questions regarding the modelling of the propagation of a new virus, with specific characteristics, and with incomplete historical data. In this context of epidemics in an early stage, estimating the key pa
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IFRS 17 Discount Rate: Illiquidity Premium Interpretation
Added 0 106 ViewsIFRS 17 brings challenges when interpreting and making method choices for many items discount rate being no exception. The standard describes two models for the discount rate derivation whereas one of them, namely bottom-up approach, is about deriving the
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Impact of the Financial Crisis on the Solvency of a "Savings" Life Insurance Company Representative
Added 0 111 ViewsThe current crisis is profoundly disrupting the financial situation and solvency of insurers, particularly life insurers: low interest rates, a sharp drop in the market value of assets, policyholders' risk aversion and mistrust of new products. In this tu
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Putting the Life Co Balance Sheet under the ESG Microscope
Added 0 244 ViewsPresenters:Ross Evan: Ross leads the Insurance Investment and Asset Liability Management (ALM) services within Hymans Robertson’s Life & Financial Services practice. He is a Life Actuary with over 17 years’ experience across consulting, in
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IAALS Live Session
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Modeling Multi-Country Mortality Dependence by a Vine Copula
Added 2 465 ViewsMulti-country mortality dependence attracts the attention of insurers owning life insurance or annuity businesses across countries. When implementing a sophisticated enterprise risk management (ERM) program, it is crucial to model the structure of such de
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A Synthetic Model for Asset-Liability Management in Life Insurance and Analysis of the SCR with the
Added 2 190 ViewsThe aim of this paper is to introduce a synthetic ALM model that catches the main specificity of life insurance contracts. First, it keeps track of both market and book values to apply the regulatory profit-sharing rule. Second, it introduces a determinat
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The IAIS Global Frameworks for Supervision of IAIGs Including ComFrame, ICS 2.0 and the Holistic Fra
Added 0 112 ViewsIn November 2019, the International Association of Insurance Supervisors adopted a Global Framework for the Supervision of Internationally Active Insurance Groups (IAIGs). This includes revisions to ComFrame including the Insurance Core Principles (ICPs),
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Mortality Forecasting with Wavelets
Added 1 118 ViewsThe wavelet theory is a powerful tool for processing and compressing time-series or images. To summarize, the wavelet transform consists to project a signal on an orthornormal basis of functions. The sets of functions is chosen in order to provide a spars
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Duration of Long-Term Care: Socio-Economic Drivers, Evolution and Type of Care Interactions
Added 1 103 ViewsThe time spent in dependence and the type of care an elderly receives are the two main cost drivers of long-term care (LTC). We aim to provide a better understanding of the duration of care by using a comprehensive social insurance dataset covering the LT
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Viability Analysis of Brazilian Market for Universal Life in Brazil
Added 0 77 ViewsUniversal Life (UL) is a widespread type of personal insurance in many countries around the world. lts design combines the protection of bife insurance with the income provided by investment funds, through profit sharing, transparency of individual accoun
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Disability Income Claimant Rehabilitation and other Claim Interventions
Added 0 89 ViewsLong term disability income (DI) claims account for a significant portion of life insurance companies' risk product liabilities. The annuity type benefits offered by these products, typically paid until a policyholder reaches retirement age, dies or retur
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Prospective Modelling of Temporary Disability Risk: Proposal for a Two-dimensional Model and Machine
Added 1 318 ViewsThe cost of the risk of work stoppage has been rising for a number of years. This increase is explained in particular by psychosocial risks. This article models the rate of prescription of work stoppages thanks to a model whose fundamentals are identical
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Reporting Compliance with the new With-Profits Operating Principles
Added 0 146 ViewsThe following SAI Event Page includes PDF of the slides: Please see https://web.actuaries.ie/events/2020/02/webinar-reporting-compliance-new-profits-operating-principles
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Making Inclusive Insurance Work – Fourth Websession: SMEs And Value Chains
Added 0 136 ViewsAs part of the global agenda of insuring for sustainable development, the Impact Insurance Facility (www.impactinsurance.org) and the PSI Initiative (www.unepfi.org/psi) are organizing a websession series with the theme, “Making inclusive insurance
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Making Inclusive Insurance Work – Second Websession: Distribution and Technology
Added 0 116 ViewsAs part of the global agenda of insuring for sustainable development, the Impact Insurance Facility (www.impactinsurance.org) and the PSI Initiative (www.unepfi.org/psi) are organizing a six-part websession series with the theme, “Making inclusive i
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Making Inclusive Insurance Work – First Websession: Clients and Impact Metrics
Added 0 147 ViewsAs part of the global agenda of insuring for sustainable development, the Impact Insurance Facility (www.impactinsurance.org) and the PSI Initiative (www.unepfi.org/psi) are delighted to announce a six-part websession series with the theme, “Making
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Behavioral Aspects of Product Design and Demand in Retirement Savings
Added 0 389 ViewsThis talk summarizes the main findings of the cumulative dissertation “Behavioral Aspects of Product Design and Demand in Retirement Savings” by Stefan Schelling. This thesis contributes to the field of behavioral economics and decision making
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Experience rating in the classic Markov chain life insurance setting
Added 0 311 ViewsWe consider experience rating within multi-state life insurance using an empirical Bayes approach for a multivariate frailty extension of the classic Markovian setting. In particular, a search for simple methods and benchmark models is initalized. Under q
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Blick über den Zaun: Lebensversicherung in China
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Update zum Höchstrechnungszins – Prinzipien, Methoden, Diskussionen
Added 15 1,441 ViewsDer Vortrag geht aus von den vier Prinzipien der DAV zum Höchstrechnungszins (HRZ) und stellt die neue Methodik vor, die zur Herleitung des Vorschlags von 0,5% für den HRZ ab 2021 angewendet wurde. Das Review des Sicherheitsabschlags wird erl&au
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Invaliditätsversicherung im Umbruch – aktuelle Analysen und internationale Inspirationen
Added 5 824 ViewsDie Invaliditätsversicherung ist ein wettbewerbsintensiver Markt mit ungebremst hoher Dynamik. Was sind in diesem Umfeld die zukünftigen Schlüsselfaktoren für eine nachhaltig erfolgreiche Positionierung? Wertvolle Impulse für die
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IFRS17 - Lifeboat on bord
Added 1 572 ViewsThe effective date for the IFRS17 has just been postponed to Jan, 1st 2023. We propose that you use these additional 365 days to take a close look on the actual status of your implementation project.Systemorph has already successfully implemented IFRS17 r
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Auswege aus der SARS-CoV-2 Pandemie
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Die Corona-Krise und die Folgen für die Versicherungswirtschaft
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Les enjeux de la modélisation de l'épidémie COVID-19 et de ses impacts sur la mortalité
Added 0 286 ViewsSession by Alexandre Boumezoued, R&D Consultant, Milliman, on "Challenges of modelling COVID-19 epidemic and its impact on mortality" (in French language) A recorded webinar by the Institut des Actuaires
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Research Brief: The Impact Of COVID
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