The 2019 IAA Colloquium is a collaboration between five sections of the International Actuarial Association (IAA), as well as the relevant practice areas of the Actuarial Society of South Africa (ASSA). It uniquely combines the local annual practice area seminars with an international event. Therefore, it gives the South African delegates the opportunity to be exposed to developments abroad, whilst the international delegates can experience a truly local flavor. This is an event not to be missed!
Thanks to the support of our partners - the IAA Sections ASTIN, IAAHS, IAALS and IACA - actuview was able to record most of the sessions, especially all presentations on HEALTH, IACA / Consulting, LIFE and NON-LIFE topics. More information about the colloquium and the program can be found here.
Be part of an inspiring, active group of professionals and help to raise the profile of actuarial research and development. More information can be found here.
The 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
In 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
In this article, We prove the reliability of hybrid models in loss reserving, especially when the data contain fuzziness for example when the claims are related to body injures . We estimate a hybrid log-linear model (log-Poisson) using the fuzzy leas
The 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
In this article, we provide theoretical justifications for the use of convex combinations of quantile functions in order to combine experts' (or softwares) models. We assume that the experts' estimates are given in the form of two probability measures &mu
The 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
The 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
Actuarial risk classification is usually performed at a guarantee and policyholder level: For each policyholder, the claim frequencies corresponding to each guarantee are modelled in isolation, without accounting for the correlation between the different
There are a wide range of Reserving methods out there, but due to time constraints and prior preferences, actuaries very often confine themselves to a single or minimal number of methods in their work. As certain trends very often invalidate the underlyin
I will present the results obtained by Working Party "Automated cars and insurance". This Working Party is directed by Sara Landini, Kyriaki Nousia and Przemyslaw Klusik and it is joint cowork of ASTIN and AIDA. The topics are following: identification of
Actuaries find themselves more and more often playing roles that fall on the edge of or outside of our traditional ambit. Hence the actuary'srole as thought leader becomes more critical. Nowhere is this more important than in the realm of public policy, w
While current demographic and economic changes have implications for both pension and healthcare schemes, addressing financial sustainability of health care systems entails a somewhat distinctive approach. Throughout this paper we will propose a framework
The Actuarial Society of South Africa has implemented a new outcomes-based Continuing Professional Development process. Based on survey results just out, members feel overwhelmingly that it is a useful exercise that adds real value. In this session, Actua
A joint presentation by a health care actuary at one of South Africa's leading managed care companies, Medscheme, and a high profile scientist, clinician, professor, sportsman and acclaimed author, Prof Tim Noakes. The low-carbohydrate, high-fat diet, oft
Addressed topics: - Data- Rate Adequacy- Model Design- Case Study
The envisaged presentation (in the area of flatrated fleets) will start from the calculation of the (actuarially correct) technical premium and will then deal with the commercial premium which is directly derived from the former one and subsequently adjus
“Brandon Does Diffraction” The Actuarial Society of South Africa has implemented a new outcomes-based Continuing Professional Development process. Based on survey results just out, members feel overwhelmingly that it is a useful exercise that