Opioid abuse and misuse are an emerging concern to society as well as insurers. In this video, Vincent Prange discusses RGA’s data-driven analysis, exploring key relationships between socioeconomic attributes and opioid related mortality. Through th
Pricing longevity-linked securities in the absence of a liquid and complete market for longevity risk raises many challenges. Most of the proposed pricing approaches are based on stochastic mortality models in which the time-dependent parameters are proje
The computational complexity of seriatim actuarial projections forces life insurance companies to compress their portfolio of liabilities to a set of representative model points. Since such projections are inevitable in order to meet regulatory requiremen
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
In this video, RGA’s Erik Pronovost discusses the challenges that life and health insurance insurers are facing, and opportunities to use reinsurance to lower risk and improve financial performance. He describes several scenarios in which reinsuranc
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
It is estimated that by 2050, nearly 70% of the world’s population will live in cities. Anticipated benefits of city life include cultural diversity, improved infrastructure, easier access to cutting-edge technology, jobs, and public health services
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
Webinar by the Social Security Sub Committee, conducted on 25 July 2019 Early 2019 the AAE published the discussion paper ‘Meeting the Challenge of Ageing in the EU’. This paper summarizes the findings of both the EU Ageing report and the EU A
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
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
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.
Australian financial institutions have been criticised for failing to meet public expectations. However, this is not just a domestic issue. Many modern Institutions do not seem to be effectively managing the risks that come from swiftly changing social at
Covering background & history of VHIS driven by HK Government, launched 1 Apr 19, details of the scheme, risk management and issues surrounding the scheme, early learning, and a comparison between government driven schemes from HK, China & Singapo
Disability Income (DI) is a growing area of need in addressing the gap in protection all across Asia. One third of people will have experienced some illness or accident that prevents them from working before their retirement age. We will take you through
Developing mortality, morbidity and lapse rate tables can be fun! In his presentation, Kai Kaufhold, a recently joined member of the SAS, will demonstrate how statistical analysis at the level of the individual can make the crazy responsive actuary even m
With the ageing population growing faster than ever, especially in Japan (36 million in 2025), many are seeking new and innovative ways to address these unmet elderly needs. Currently, the Japanese government estimates that by 2025, 7 million people in Ja
How can the Life & Health reinsurance market respond to the primary industry challenges? Low interest rates: can reinsurance meet historically unmet needs? How to use reinsurance capital and shift to capital-lighter business?
Speaker: Jeff Heaton, Ph.D., FLMI, Vice President, Data Science, RGA In this video, RGA’s Jeff Heaton discusses advances in AI that have been applied by Google to master the game of chess using simulated data, and how this technology can support lif
In this short video, RGA’s Dr. Daniel Zimmerman discusses the rapidly developing technology of liquid biopsies. He defines what they are, what impact they will likely have on clinical medicine, and how they might impact insurers.
Premature deaths and chronic conditions continue to grow worldwide. In order to reduce these early deaths, it is important to understand how lifestyle behaviors influence health outcomes. In this webcast, Julianne Callaway explains the impact of physical
This paper deals with the measurement of profitability of a life insurance company from the shareholders' perspective under a Solvency II framework. Profitability and solvency capital requirement of life insurance business are exposed to many levels of un