by IAASections Added 2 months ago 1 324 Views

by IAASections Added 3 months ago 0 173 Views

Dans un contexte économique et réglementaire en perpétuelle mouvance, le pilotage ALM de l’assureur vie doit nécessairement faire intervenir une optimisation de la structure de son passif.A cette fin, cette contribution p

by IAASections Added 3 months ago 0 120 Views

This paper proposes a measure of the probable maximum cyber loss, which stands for the worst cyber loss likely to occur, with an alternative approach to estimating the potential loss size of an extreme event. It shows that the predicted cyber loss likely

by IAASections Added 3 months ago 0 111 Views

This paper explores reasons why some policymakers and researchers propose creating additional European (Eurozone) safe assets and why others think that this may be challenging. By 'safe' assets we mean ones that are as free from credit risk as possible, p

by IAASections Added 3 months ago 0 146 Views

This 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

by IAASections Added 3 months ago 0 103 Views

by IAASections Added 3 months ago 0 96 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

by IAASections Added 3 months ago 0 118 Views

This paper proposes a new type of longevity bond as a post-retirement investment product for individuals to hedge their longevity risk which has the flexibility to meet both income and bequest needs. The payoffs of the bond are composed of flexible monthl

by IAASections Added 3 months ago 1 119 Views

According to the FRP5 Guidelines of the Swiss Chamber of pension fund experts (SKPE) the threshold portfolio return corresponds to the annual portfolio return which the pension fund requires to keep the funding ratio constant. The difference between the e

by IAASections Added 3 months ago 1 131 Views

We present fundamental findings from the field of empirical intercultural research. These findings are of interest to the insurance industry in their own right. They become even more interesting, however, when viewed through the eyes of an actuary who app

by IAASections Added 3 months ago 0 120 Views

The implementation of Enterprise Risk Management (ERM) in the financial sector, insurance . in particular, has gained increasing attention in recent years. However, the majority of studies used financial data and overlooked the non-performance of the comp

by IAASections Added 3 months ago 1 86 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

by IAASections Added 3 months ago 1 316 Views

The cost of the risk of work stoppage has been rising for a number of years. This increase is explained in particular by psychosocial risks. This article models the rate of prescription of work stoppages thanks to a model whose fundamentals are identical

by Deloitte Added 3 months ago 1 504 Views

The Solvency II Directive from 2009 requires from life insurance companies to derive the full probability distribution forecast for one-year losses. Since no analytical formula for one-year losses exists and a full Monte Carlo nested calculation is comput

by IAASections Added 3 months ago 1 147 Views

This 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'

by IAASections Added 3 months ago 1 164 Views

Investors 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

by IAASections Added 3 months ago 1 109 Views

In 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