2020 MAY | Sections Virtual Colloquium 2020
Due to the COVID-19 pandemic, the Actuarial Colloquium Paris 2020 did not take place as planned.
However, the Institut des actuaires and IAA were pleased to host the Sections Virtual Colloquium (SVC) 2020 from May 11-15 instead.
The SVC 2020 brought the actuarial world together for five days of high-level scientific presentations, recorded article presentations, as well as interactive plenary sessions from IAA Sections with contributions from keynote speakers, which are available online here on actuview.
The full program with more than 70 recorded sessions and 7 live sessions has been published. Click through the pages to find the section programs:
Or find the program brochure here.
You can find all videos at the bottom of this page.
AFIR-ERM Session live on actuview | 11 May, 15.00–16.30 CEST
ERM Session on Artificial Intelligence (Recording available)
Panelists:
- Bertrand Braunschweig (INRIA, France)
- Jeffrey Chan (BCG, Australia)
- Françoise Soulié-Fogelman (Hub France IA, France)
ASTIN Session live on actuview | 12 May, 13.00–14.30 CEST
- Detection of Data Anomalies
Alexandre Boumezoued (Milliman, France) - On Customer Behaviour in Insurance
Stéphane Loisel (University of Lyon, France)
IAAHS Session live on actuview | 12 May, 15.00–16.30 CEST
Covid-19 Pandemic – International Health Care Perspectives, Lessons. What Next?
Panelists:
- Joanne Buckle (Milliman, UK)
- Barry Childs (Insight Actuaries and Consultants, South Africa)
- Alex Leung (OneDegree, Taiwan)
- Nicola Oliver (Medical Intelligence, UK/France)
- Ed Pudlowski (MorningStar Actuarial Consulting, USA)
- Moderators: Adrian Baskir (UK) / Kevin Manning (Ireland)
IAALS Session live on actuview | 13 May, 13.00–14.30 CEST
- Mortality Trends in Developed Countries: An Analysis of the Recent Deceleration in Mortality Improvement
Steven Haberman (Cass Business School, UK) - Statistical Learning Methods for Mortality Data Correction in the Absence of Fertility Data
Alexandre Boumezoued (Milliman, France) - Measuring Longevity Risk Through a Neural Network Lee-Carter Model
Mario Marino (University of Rome, Italy)
PBSS Session live on actuview | 13 May, 15.00–16.30 CEST
- Role of the US National Academy of Social Insurance
William J. Arnone (National Academy of Social Insurance, USA) - Actuarial Ideas to Mitigate the Global Pension Crisis
Abraham Hernández (PBSS, Portugal)
IACA Session live on actuview | 14 May, 13.00–14.30 CEST
The Power of Diversity of Thought – Next Chapter
Panelists:
- Cathy Lyn (Duggan Consulting Limited, Jamaica)
- Tonya Manning (Buck, USA)
- Marjorie Ngwenya (South Africa)
Institut des Actuaires Session live on actuview | 15 May, 13.00–14.30 CEST
Key Issues and Challenges for Actuarial Science - Bringing Together Academics and Practitioners
Panelists:
- Corina Constantinescu (Professor; Director of IFAM (Institute for Financial and Actuarial Mathematics), Liverpool University)
- Philippe Domart (Asia Pacific P&C, Head of Underwriting, PartnerRe)
- Marie Kratz (Professor & actuaire agrégée (IA), ESSEC Business School, CREAR Risk Research Center)
- Henning Wergen (Executive Manager of DAA, DAV´s actuarial academy, & Chairperson AAE Education Committee)
- Wesley Cui (Deputy General Manager of CICTIC-Prudential Life (CPL) China)
All contents are available for free to registered actuview users.
If you are not registered yet, become a Section member to receive your registration code:
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"Cash Flow and Unpaid Claim Runoff Estimates Using Mack and Merz-Wüthrich Models"
Added 0 216 ViewsFor both Solvency II and IFRS 17 the actuary can use unpaid claim variability estimates for cash flows and the runoff of unpaid claims in addition to the more widely used accident year view of the unpaid claims. This paper is based on a review of the foun
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A New Pension System in Brazil? An Evaluation of the Fiscal and Distributive Impacts of the 2019 Pen
Added 0 189 ViewsThis paper aims to calculate the fiscal and distributive impacts on the Brazilian National Pension Scheme, generated from the original version of the pension reform presented by the president Jair Bolsonaro in the beginning of 2019. This is the most compr
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A Review of the Solvency II Risk Margin
Added 1 364 ViewsThis paper reviews the current design of the Solvency II risk margin. The current aim of the risk margin is to provide a quantification of the hypothetical cost a third party would expect to charge (in addition to the Solvency II 'best estimate liability'
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A Synthetic Model for Asset-Liability Management in Life Insurance and Analysis of the SCR with the
Added 2 394 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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Accumulation Scenarios for Cyber Insurance Based on Epidemiological Models
Added 1 218 ViewsIn this paper, we develop stochastic models to determine the impact of a massive cyber attack on an insurance portfolio. The model is based on the classical SIR framework (Susceptible - Infected - Recovered) of epidemiological models. For a given type of
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Actuarial (R)evolutions
Added 1 289 ViewsThis paper presents how the IT and actuarial science have evolved in parallel since antiquity, and how the recent speed up of IT evolution could revolution actuarial science: is it today easier for an actuary to pick up machine learning than it is for a d
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Actuarial Practice Experience in Social Security Reform and Crisis Management
Added 1 268 ViewsMany countries in Latin America are experiencing large social trouble and budget crisis on account the pension program, independently of the consideration of Defined Benefits or Defined Contributions. After the past 35 years of SS reforms in pension, diff
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Actuaries Climate Risk Index: Research Update
Added 0 224 ViewsThe American Academy of Actuaries (Academy) would be pleased to present Actuaries Climate Risk Index (ACRI): Research Update. The ACRI is derived from a model of the statistical relationship between the weather components of the Actuaries Climate Index (A
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Adoption of IFRS 17 in Emerging and Frontier Insurance Markets. An Actuarial Perspective
Added 3 295 ViewsThe new rules set forth by IFRS 17 not only imply a fundamental overhaul of insurance accounting, but also, the reengineering of actuarial and accounting processes within an insurance company. In fact, a few insurers will opt to transform their operating
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AFIR-ERM Live Session on Artificial Intelligence
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Agent Based Models: Dynamics, Stochastics and Rule Based Decisions - A Model Study
Added 0 195 ViewsOne of the first in the actuariat literature published agent based models (ABM) is by Ingram et al. The paper describes a model of a competitive (insurance) market that shows cyclical behavior. The authors put their focus on the model’s theoretic fo
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AGLM: A Hybrid Modeling Method of GLM and Data Science Techniques
Added 4 636 ViewsIn recent years, one of the most critical tasks for actuaries is to adopt data science techniques in predictive modeling practice. However, due to the peculiarity of insurance data as well as the priorities taken by actuaries in decision-making, such as t
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Aligning Retirement Goals and Outcomes
Added 1 187 Views- How should you invest your pension plan savings, if you want to reach a desired level ofincome? We show the distribution of your possible retirement income under differentinvestment strategies.- Each strategy is derived from the optimization of a functi
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Analysis and Evaluation of the Mexican Market Behaviour, its Investors & its Most Relevant Companies
Added 1 301 ViewsInvestors can experience behaviors that usually are seen entirely irrational from the classical economic principles. The focus of this research is to generate formative or reflective behavioral constructs, which helps to measure the economic effects of in
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Application of Machine Learning Methods for Cost Prediction of Natural Hazard in France
Added 0 217 ViewsIn this work, we propose a methodology to predict the total cost of a natural catastrophe shortly after itsoccurrence. Thanks to a large database provided through a partnership with Federation Francaise d'Assurance,we manage to have access to a very la
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Approximate Bayesian Computation to Handle Aggregated Insurance Data
Added 0 197 ViewsApproximate Bayesian Computation (ABC) is a statistical learning technique to select and calibrate models in an automated fashion using the data at hand. It consists in simulating synthetic data from the potential models and assessing the distance between
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ASTIN Live Session on Data Anomalies & Costumer Behaviour
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Believing the Bot - Model Risk in the Era of Deep Learning
Added 0 193 ViewsDeep Learning models are currently being introduced into business processes to support decision-making in insurance companies. At the same time model risk is recognized as an increasingly relevant field within the management of operational rlsk that tries
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Best Estimate(s): Who Will Get the Best One? Cognitive Biases and Expert Judgement Applied to P&C
Added 1 264 ViewsOutstanding claims reserving have become most of the time Best Estimate whereas they used to be appropriate. These reserves should now be equal to the best estimate of the cost of the claims not yet settled and not yet reported. Even if new reserving meth
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Can Machine Learning Algorithms Outperform Traditionally Used Methods in Insurance Pricing?
Added 0 443 ViewsThe comparison of different algorithms for insurance pricing exercise is a task that relies heavily on the data sample used. There are two options: real data and synthetic data. A critical issue with the real data is the lack of information of the exact u
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Consequences of IBOR Reform on Insurance Sector
Added 1 222 ViewsIn the aftermath of IBOR scandals and due to a decrease on volume of transactions associated to interest rate indexes, regulators required a transition to new reference rates. In Europe, European Parliament and Council of the European Union adopted The Be
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CORT : the Copula Recursive Tree
Added 1 201 ViewsLeveraging from the patchwork copula formalization and from various piecewise constant density estimators (minimum-distance based, tree-shaped, Bayesian partitioning, Delaunay tree, Voronoi histogram), we derive a flexible, consistent, piecewise constant
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Current Situation and Future Issues of Corporate Pension in Japan
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Cyber Risk: The Responsibility of the Actuary in Setting up Individual, Collective and Coordinated P
Added 0 203 Views(The presentation is held in french) The ongoing 4th industrial revolution already opened fantastic opportunities for Cyber crime, from the emergence of the Internet in the 80’s to the day-to-day reliance of both individuals and companies on cloud s
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Deferred Public Pension and Longevity Risk for a Household in Retirement
Added 1 176 ViewsIn recent years, managing longevity risk, the risk of outliving one's wealth, is a very important issue for a household in retirement. Hibiki and Oya(2015) show that this risk can be hedged by combining private life pension and public pension. However, pr
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Developing a Counter-Cyclical Risk Measure
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Digitalization of Pension System in Mexico: Benefits and Implications
Added 0 220 ViewsThe establishment and development of technologies as support tools in social security terms provide a way that would improve to 30% of Mexican population increase the amount of their voluntary contributions and many others would accede into the pension sy
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Disability Income Claimant Rehabilitation and other Claim Interventions
Added 0 181 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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Discrimination-free Insurance Pricing
Added 1 560 ViewsA simple formula for non-discriminatory insurance pricing is introduced. This formula is based on the assumption that certain individual (discriminatory) policyholder information is not allowed to be used for insurance pricing. The suggested procedure can
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Duration of Long-Term Care: Socio-Economic Drivers, Evolution and Type of Care Interactions
Added 1 215 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
