LIFE
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Behavioural Economics
Added 2 117 ViewsBehavioral science helps insurers create products, policies and communications based on how people really do think and behave rather than how we think they should think and behave. In this webcast, Matt Battersby explains the key principles of behavioral
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Italian disabled workers' survival: The variables that affec...
Added 0 77 ViewsOver 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 “longevity risk� Is survival always i
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Guarantees in Germany: Where are we and does it make sense?
Added 0 87 ViewsThe 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
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Mortality of elite athletes: An application to football play...
Added 0 53 ViewsThe 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.
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"Living on the edge" - 21 years on
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Machine Learning in Life Insurance - Searching for Patterns ...
Added 0 126 ViewsStochastic Cash Flow Models are at the heart of internal models for life insurance. They are used to project the payments to policy holders and future profits of the shareholders over the full duration of the contracts. However, the interactions of capita
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Predictive Analytics in Life Insurance - How to Get Real Res...
Added 0 150 ViewsThere are several pitfalls to avoid in predictive modeling. One common mistake, “overfitting,” yields optimistic model results that will not replicate. In this webcast, RGA’s Rosmery Cruz describes what causes overfitting, and suggests s
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The Future of Mortality
Added 0 296 ViewsA variety of mortality models can be used to project future mortality. However, the parameters of most of these models lack a clear demographic interpretation. Hence, it may be hard to identify forecasts which are not consistent to the most recent observe
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It Takes Two: Why Mortality Trend Modeling is more than mode...
Added 0 91 ViewsMatthias Börger, Jochen Russ, Johannes Schupp Abstract: Increasing life expectancy and thus decreasing mortality rates constitute a global trend that can be observed in almost all countries worldwide. Estimating the current rate at which mortality ra
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Return Smoothing and Risk Sharing Elements in Life Insurance...
Added 0 93 ViewsJochen Ruß a, Stefan Schelling b, * a Institute for Finance and Actuarial Sciences, Lise-Meitner-Strasse 14, 89081 Ulm, Germany and Ulm University, Institute of Insurance Science, Helmholtzstrasse 20, 89081 Ulm, Germany b Ulm University, Institute o
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Global R&D Mortality Trends Update
Added 0 157 ViewsSlowing population mortality improvement trends have been evident in many countries in recent years, making forecasting mortality improvements in the short-term more difficult for actuaries. In this webcast, Peter Banthorpe presents a summary of this phen
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Economic value of a french life savings contract in Euros
Added 0 73 ViewsApplying a Mark-to-Market approach to evaluate the fair value of the insurer's commitment (best-estimate) for a saving French contract in €, implies having the prices of options and guarantees of insurance policies. Since this informatio
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New Capital Management Solutions under a Moving Regulatory F...
Added 0 112 ViewsThe European life insurance industry must adapt in order to survive a stagnant economic environment characterized by low interest rates and a volatile sovereign risk. New regulatory changes under Solvency 2 and IFRS 17 combined with new disruptive technol
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Pro-cyclical mortality modelling based on macroeconomic fact...
Added 0 62 ViewsThere has been significant use of stochastic mortality models that aim at estimating and forecasting mortality rates based on past trends. The vast use of these extrapolative methods has seen extension of various stochastic mortality models to include spe
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MRM and the Actuarial Function in the Insurance Industry
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The global longevity risk transfer market
Added 0 162 ViewsThe global longevity risk transfer market Prof. Dr. David Blake (Pension Institute London)
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Mortality models for Multiple Populations
Added 0 121 ViewsMortality models for Multiple Populations Torsten Kleinow (Heriot-Watt University, Edinburgh)
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Panel: Altersvorsorge in Deutschland: Zwischen staatlicher V...
Added 1 291 ViewsPanel discussion „Altersvorsorge in Deutschland: Zwischen staatlicher Vollkasko und mehr Eigenverantwortung“ Moderator: Philipp Krohn (FAZ), Panelists: Matthias Birkwald (Dt. Bundestag), Prof. Eckart Bomsdorf (Uni Köln), Vanessa Niemann (
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A Neural Network Extension of the Lee-Carter Model to Multip...
Added 2 256 ViewsThe Lee-Carter model is a fundamental approach to forecasting mortality rates of a single population. Although extensions of the model to forecasting rates for multiple populations have recently been proposed, the structure of these extended models is har
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Impaired Lives Insurability: Dawn of a new era
Added 0 120 ViewsIn the last decade or two we have witnessed a bifurcation in the market for longevity risks as specialist insurers have started to distinguish between impaired lives and others. The distinction has given rise to impaired lives’ annuity terms that ar
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Risk Alchemy and Liquidity Management
Added 1 122 ViewsThe aim of the presentation is to consider the role of capital management in the value creation process of insurance companies. As a first step, the various interpretations of capital (from the economic, investor and actuarial perspectives), and related c
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The Importance of Internal Actuarial Governance
Added 0 117 ViewsThe requirement for a good internal actuarial Governance Structure is becoming increasingly pertinent and relevant, not only in Africa, but also internationally. The presentation's key theme revolves around a well known aviation case study, which shows ho
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The Actuary’s Duty to the Public Interest
Added 0 82 ViewsThe IAA’s PG1 Principles of Professionalism contains a provision that members should act in the public interest. This is replicated in the Code of Professional Conduct of the Actuarial Society of South Africa, which is the primary normative standard
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Projecting Longevity and Mortality Using Stochastic Models
Added 0 84 ViewsLongevity risk can be described primarily as a "Tail Risk" for negative cash flows that occur years into the future after the original investment is exhausted. The setting of assumptions for future longevity requires a new approach that recognizes and qua
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A Stochastic Investment Model for South African Use
Added 0 60 ViewsThe need for stochastic modelling is on the rise globally in the pension, life insurance and investment industries due to both an increase in regulation and a natural requirement for stochastic analysis in modelling exercises. Research in the area of stoc
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Practical Issues in Applying IFRS 17 in Developing Countries
Added 2 246 ViewsThis presentation outlines some of the significant additional challenges in adopting IFRS 17 faced by insurers operating in developing countries as compared to those in developed countries. These challenges include setting discount rates in the absence of
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African Economic Basis Survey
Added 0 55 ViewsThe Holy Grail of objective valuation of assets and liabilities promised over recent decades remains lost for many operating in geographies without complete, deep and liquid markets. The maturity of financial and insurance markets varies across Africa, bu
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Desirable structure of DC Governance in Japan
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The Actuary at the Kraal
Added 0 82 ViewsIt is time for the actuary and the insurance industry to review and redefine the strategies employed to enabling access to the uninsured markets in South Africa. With the client being the core of the strategy and we must start engaging with our communitie
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The Journey Through the Line
Added 0 46 ViewsThe rapid convergence of the skilled human with the intelligent machine is changing business models and transforming the playing field at breathtaking speed. It is no longer a question of “what if” but rather one of “so how”. It is
