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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The Great Pension Debate: Finding Common Ground
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Pension Reform and Innovation in Canada
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IAS19 Discount Rates in the Time of Covid-19
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Towards an IAA-ILO-ISSA Joint Project on Workers’ Compensation Systems
Added 0 96 ViewsA workers' protection system is a specific sector of Social Security with its own features, due to the specificity of the phenomenon which is the object of its activity: accidents at work. In such a system the actuaries play an essential role, since the l
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A New Pension System in Brazil? An Evaluation of the Fiscal and Distributive Impacts of the 2019 Pen
Added 0 116 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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Pension Accounting: Forecasts for the Company's Own Balance Sheet as Well as Profit and Loss Account
Added 1 128 ViewsUnder IFRS and US GAAP accounting standards, employers must disclose the gap between their plan assets and liabilities on the company’s own balance sheet as well as the corresponding impact on the company’s profit and loss (P&L) account. T
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Deferred Public Pension and Longevity Risk for a Household in Retirement
Added 1 105 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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AFIR-ERM Live Session on Artificial Intelligence
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Can Machine Learning Algorithms Outperform Traditionally Used Methods in Insurance Pricing?
Added 0 297 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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Measuring the Value of Risk Cost Models
Added 0 144 ViewsFollowing innovations in machine learning and computational statistics, a large variety of new modeling techniques are being applied to premium rating. In order to carry out model comparison and selection in this regime it is particularly valuable to deve
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Moral Hazard in Supplementary Health Insurance: Modelling of the Insured's Behaviour and the Optimal
Added 0 238 ViewsThis presentation focuses on the problem of moral hazard in health insurance. We introduce our solution by explaining how we have modelled the behaviour of supplementary health insurance policyholders within a context of moral hazard and build an Optimal
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Accumulation Scenarios for Cyber Insurance Based on Epidemiological Models
Added 1 145 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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Premium Rating Without Losses – How to Estimate the Loss Frequency of Loss-free Risks
Added 3 262 ViewsIn insurance and even more in reinsurance it occurs that about a risk you only know that it has suffered no losses in the past say seven years. Some of these risks are furthermore such particular or novel that there are no similar risks to infer the loss
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Actuaries Climate Risk Index: Research Update
Added 0 132 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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Approximate Bayesian Computation to Handle Aggregated Insurance Data
Added 0 121 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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Resource Exploitation in a Stochastic Horizon Under Two Parametrics Interpretations
Added 1 108 ViewsIn this talk, we present a two-player extraction game where the random terminal times follow (different) heavy-tailed distributions which are not necessari!y compactly supported. Besides, we de!ve on the implications of working with logarithmic utility/te
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How Can We Quantify Cyber Risk Based on Heterogenous and Volatile Data?
Added 0 116 ViewsIn this paper we propose an actuarial framework and a statistical methodology allowing the quantification of Cyber claims resulting from data breaches events even when applied on few and heterogeneous data. Indeed, for now, just a few Cyber insurance clai
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One-year Premium Risk and Emergence Pattern of Ultimate Loss Based on Conditional Distribution
Added 2 139 ViewsWe study the relation between one-year premium risk and ultimate premium risk. In practice, the one-year risk is sometimes related to the ultimate risk by using a so-called emergence pattern formula introduced by England et al. (2012) and Bird, Cairns (20
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Non-Affirmative Cyber Assessment Framework
Added 0 118 ViewsThe (re)lnsurance industry is faced with a growing risk related to the development of information technology (IT). This growth is creating an increasingly digitally interconnected world with more and more dependance being placed on IT systems to manage pr
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Generalized Pareto Regression Trees for Extreme Claims Prediction
Added 1 124 ViewsTree-based methods are convenient and powerful machine learning tools thatcan be seen as alternatives to classical regression and prediction models suchas generalized linear models, see for example. The most standard proceduresare designed to estimate the
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Best Estimate(s): Who Will Get the Best One? Cognitive Biases and Expert Judgement Applied to P&C
Added 0 157 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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The Key Role of Actuaries in Steering IFRS 17 KPIs
Added 0 315 ViewsThe international IFRS 17 standard will have a major impact on the valuation and accounting of insurance contracts and therefore on the profit signature of insurance companies.Actuaries have a central role in new standard implementation. They are strongly
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Discrimination-free Insurance Pricing
Added 1 437 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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The Effect of Disruption in Insurance Industry: Instant Policy Pricing and Cyber Risk Evaluation
Added 0 133 ViewsThe insurance industry are embracing innovation and technology where are not only Millennials and Generation Y customers accounted for the majority of online insurance sales. The InsurTech is breaking the paradigms affecting the insurance market by introd
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Agent Based Models: Dynamics, Stochastics and Rule Based Decisions - A Model Study
Added 0 107 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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CORT : the Copula Recursive Tree
Added 1 127 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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From Generalized Linear Models to Neural Networks, and Back
Added 2 513 ViewsWe discuss the statistical modeling cycle. This discussion highlights on how to enhance classical generalized linear models by neural network features. On the way to get there, we mention traps and pitfalls that need to be avoided to get good statistical
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Application of Machine Learning Methods for Cost Prediction of Natural Hazard in France
Added 0 125 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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"Cash Flow and Unpaid Claim Runoff Estimates Using Mack and Merz-Wüthrich Models"
Added 0 118 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
