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• 00:30 Popular

  ECA 2019 presentations now online

  by AAE Added 2 weeks ago 0 685 Views

  All videos can be found here.

• 22:51 Popular

  Mitigating the global pension crisis: A compilation of actua...

  by AAE Added 2 weeks ago 0 63 Views

  Demographic changes and financial burdens have stressed public and private pension systems. Different reforms have been implemented around the world. These reforms may include or combine standard levers such as deferring retirement age, increasing contrib

• 27:42 Popular

  Measuring adequacy and facing longevity risk in social secur...

  by AAE Added 2 weeks ago 0 46 Views

  Labour markets are undergoing major transformations mostly due to ageing population. Actuaries can play a fundamental role to ensure that social security systems continue to meet their objectives of adequacy of benefits and financing constraints. Adequacy

• 18:04 Popular

  Italian disabled workers' survival: The variables that affec...

  by AAE Added 2 weeks ago 0 59 Views

  Over the last years, labour markets are quickly changing due to ageing population, technological innovations and arising of new professions. In this evolving context, how can we manage “longevity risk”? Is survival always i

• 20:21 Popular

  What do the Actuaries of the Future Think Actuaries Could Be...

  by AAE Added 2 weeks ago 0 45 Views

  The research used actuarial techniques and historical commodity price data to synthetically create new historical investment return data going back 200-750 years - mostly based on data from the US, England and the EU. The research produced a surprising re

• 23:31 Popular

  What are the knowledge and skill requirements for actuaries?

  by AAE Added 2 weeks ago 0 42 Views

  What are the knowledge and skill requirements for actuaries? What are functions and professional roles that are requested due to recent developments like digital transformation? These questions are examined by analyzing job advertisements in Germany, Aust

• 20:08 Popular

  Guarantees in Germany: Where are we and does it make sense?

  by AAE Added 2 weeks ago 0 50 Views

  The german life insurance market was for a long time dominated by endowment and annuity products with profit participation. For the classical business interest rates, mortality/morbidity assumptions as well as expence loadings are guaranteed. Guarantees o

• 23:17 Popular

  Predicting disability pensions with machine learning classif...

  by AAE Added 2 weeks ago 0 29 Views

  During the spring of 2018, the Finnish Centre for Pensions made a small-scale proof-of-concept (poc) machine learning test to classify imminent disability pensions among the working age population of Finland. We made the classification to predict disabili

• 43:04 Popular

  Insights to IFRS 17 Insurance Contracts

  by AAE Added 2 weeks ago 0 153 Views

• 23:58 Popular

  Non life pricing procedure on encrypted and anonymous data

  by AAE Added 2 weeks ago 0 29 Views

  The recent increase in the amount of data generated, stored and analyzed by insurers to establish their pricing and underwriting policies has led to the emergence of new needs. Both from a regulatory point of view, with the recent implementation in the Eu

• 26:17 Popular

  Elements of narrow artificial intelligence in reserving

  by AAE Added 2 weeks ago 0 50 Views

  Reserving is one of the core businesses of the actuarial profession. For insurance companies, it represents major strategic and economic challenges and its practice is subject to ever more advanced developments. Standard claims reserves valuation techniqu

• 25:33 Popular

  IFRS 17 and actuaries - Does that square?

  by AAE Added 2 weeks ago 0 55 Views

  The new standard on IFRS 17 was introduced with a fanfare and with good intentions. A harmonized more transparent reporting for insurance companies which investors can understand. That sounds to good to be true. And it is. Living up to these expectations

• 20:56 Popular

  Strategy and Governance of AAE

  by AAE Added 2 weeks ago 0 36 Views

  The aim of the presentation is to update the congres participants with the last elements from the strategy of AAE. Strategic Objective 1: Enhance relations with European institutions : Establish and maintain relationships with key European institutions, s

• 24:34 Popular

  Teaching life insurance mathematics and technique: Does “t...

  by AAE Added 2 weeks ago 0 23 Views

  Traditional life insurance mathematics provides a plentiful toolkit for actuarial calculations. Nevertheless, significant weaknesses appear when relating classical approaches to current needs, which emerge from a continuously moving scenario. First, the e

• 21:36 Popular

  Actuarial news (good and bad!): Do’s and don’ts in your ...

  by AAE Added 2 weeks ago 0 41 Views

  The basic idea behind this presentation relates to the topic of “actuary 2020” which we believe is someone who is equally strong in calculating and communicating. Communicating your arguments, findings and results to non-ac

• 18:55 Popular

  The AAE’s bright(er) future: A diversity-based approach

  by AAE Added 2 weeks ago 0 71 Views

  In an attempt to support a certain diversity, I would like to offer an alternative vision to the technical and formula-based actuarial papers and propose a broader reflection based on the motto “In varietate concordia”. Thi

• 42:44 Popular

  European Supervision in a Changing Environment

  by AAE Added 2 weeks ago 0 74 Views

• 23:47 Popular

  Legal and political recognition: Fundamentals for the profes...

  by AAE Added 2 weeks ago 0 24 Views

  The legal position of the actuary and of the actuarial profession is different throughout Europe. A clear view on the diverging and converging aspects is not available which is what is experienced as a deficiency during exchanges with European Institution

• 25:42 Popular

  MRM and the Actuarial Function in the Insurance Industry

  by AAE Added 2 weeks ago 0 30 Views

• 04:18 Popular

  Welcome to the IAA Sections!

  by IAA Added 2 weeks ago 0 17 Views

  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.

• 20:38 Popular

  CERA for Actuaries in Europe

  by AAE Added 2 weeks ago 0 30 Views

• 39:06 Popular

  Insurance in the 2020's: the potential impact of technologic...

  by AAE Added 2 weeks ago 0 148 Views

• 27:24 Popular

  IFRS 17 for Non-Life (Re-)Insurance

  by AAE Added 2 weeks ago 0 66 Views

  In the presentation, I will give an overview of topics that need to be considered for for non-life (re-)insurance companies. In particular, the presentation will cover the following topics: - Brief introduction of the Building Block Approach (BBA) and the

• 28:20 Popular

  Transition under IFRS 17

  by AAE Added 2 weeks ago 0 45 Views

  IFRS 17 provides for existing insurance liabilities three methods to do the transition to this new accounting standard: a retrospective approach, a modified retrospective approach and a fair value approach. In an extensive case study by EFRAG, 30% of resp

• 24:19 Popular

  Approaches to evaluate Risk Adjustment under IFRS 17

  by AAE Added 2 weeks ago 0 76 Views

  KACEM Hamdi (author), Actuary IA, Method and Innovation Department Group, Technical Direction at CNP Assurances, hamdi.kacem@cnp.fr - OLYMPIO Anani (co-author), Certified Actuary and ERM CERA, head of Method and Innovation Department Group Technical Direc

• 22:17 Popular

  Are actuaries independent guardians of financial security or...

  by AAE Added 2 weeks ago 1 45 Views

  We look at the actuarial role from a behavioural point of view, taking into account evidence from psychology and sociology. Actuaries are technical experts who should have a high degree of independence, but nevertheless belong to and depend on various soc

• 17:22 Popular

  The role of the actuary in the independent actuarial advice ...

  by AAE Added 2 weeks ago 0 26 Views

  In Spain, the actuarial profession - actuary - is a regulated profession and has a reserve of activity and it’s a protected title. This legal regime is recognized by the European Union [see: http://ec.europa.eu/growth/tools-databases/re

• 23:56 Popular

  Defining risk-differentiating variables: New approach of hea...

  by AAE Added 2 weeks ago 0 17 Views

  The increase in healthcare costs is one of the most important global problems, with a strong impact on the insurance industry, and in particular in the health sector, since by definition the insurer receives from its clients in advance an amount of premiu

• 22:05 Popular

  Creating proportionate Economic Scenario Generators

  by AAE Added 2 weeks ago 0 15 Views

  Solvency II has strengthened the need for insurers of all sizes to determine market consistent valuations for guarantees given to policyholders. The standard approach to valuing policyholder guarantees involves the use of an economic scenario generator, i

• 21:26 Popular

  To guarantee or not to guarantee – Challenges in critical ...

  by AAE Added 2 weeks ago 0 31 Views

  If people are affected by a serious disease such as cancer, they often need a protection of their income or financial support to cover the cost of state of the art treatment. For these cases, Critical Illness (CI) insurance with its prompt lump sum paymen

• 21:25 Popular

  Mortality of elite athletes: An application to football play...

  by AAE Added 2 weeks ago 0 41 Views

  The health benefits of moderate regular physical activity have been clearly demonstrated and are widely consensual. However, there is a growing debate over the potential adverse effects of strenuous physical activity, particularly at a professional level.

• 12:27 Popular

  Meeting the challenge of ageing in the EU

  by AAE Added 2 weeks ago 0 20 Views

  A discussion paper of the Actuarial Association of Europe (Prepared by the Social Security Sub-committee of the Pensions Committee) The EU is getting older, both because people are living longer and because there have not been enough births. The populatio

• 21:17 Popular

  Finding value in data

  by AAE Added 2 weeks ago 0 30 Views

  This session follows on from the session presented as part of the Virtual ICA 2018 program. In 2017 the Value of With-Profits for Consumers Working Party conducted a customer survey and analysed the results. In 2018 the Working Party has conducted a furth

• 24:25 Popular

  Status report of Solvency II review

  by AAE Added 2 weeks ago 0 36 Views

  In addition to the required LTG -Review, EIOPA plans an extension of Solvency II by several macroprudential tools. Consideration of regualtions relating to sustainable finance can also lead to new regulations. Appropriate adaptations of the Solvency II fr

• 20:52 Popular

  Solvency 2 Benchmark : Observed practices for Standard formu...

  by AAE Added 2 weeks ago 0 35 Views

  AAE Insurance committee, based on a study provided by the Institut des actuaires, provides an overall picture of the practices observed across Europe in the implementation of the Solvency II Standard Formula (pillar 1). We focus on key topics such as cont

• 24:02 Popular

  The roles of the indep. actuary in the assessment of persona...

  by AAE Added 2 weeks ago 0 14 Views

  A new regulation of the system for assessment of damages caused to persons in traffic accidents was approved in Spain in 2015. It is Ley 35/2015, which started in force the first of January of 2016. Within this new legal framework for valuation of damages

• 24:02 Popular

  Actuarial derivation of the cost of credit-default risk

  by AAE Added 2 weeks ago 0 35 Views

  A core component of the Standard Model of Solvency II is the SCR estimated for the sake of Counterparty Default Risk. Specific levels of default probabilities are determined in the model, depending on the rating of the reinsurance counterparties â&e

• 27:28 Popular

  Application of data analytics in insurance – from hype to ...

  by AAE Added 2 weeks ago 0 48 Views

  Insurance professionals collect a huge amount of data from their customers. However, the insurance sector is currently lagging behind in data analytics applications and needs to up its game to compete with big tech companies and disruptors such as insurte

• 23:24 Popular

  Actuaries and Operational Risk Management

  by AAE Added 2 weeks ago 0 26 Views

  Actuaries are consolidating their reputation as leading risk management specialists, particularly in areas where data is plentiful and quantitative techniques are well established. To complete this picture, actuaries will also need to be well-versed in ri

• 1:02:36 Popular

  "Living on the edge" - 21 years on

  by AAE Added 2 weeks ago 0 147 Views

• 1:32:21 Popular

  Mathematical Aspects of Machine Learning

  by DAV_DGVFM Added 1 month ago 1 154 Views

  In this presentation, we will explore a range of different methods to perform feature extraction in mortality time series data. The features will then be incorporated into state space modelling structures as well as extended Generalised Linear Models adap

• 1:20:22 Popular

  Deep Learning in Text Mining and Image Recognition

  by DAV_DGVFM Added 1 month ago 0 69 Views

  The talk will introduce the basic foundations of neural networks and provide a motivation for Deep Learning approaches in the insurance industry. Basic steps and problems in the application of text mining will be shown. The historical review of the curren

• 49:47 Popular

  Machine Learning in Life Insurance - Searching for Patterns ...

  by DAV_DGVFM Added 1 month ago 0 90 Views

  Stochastic Cash Flow Models are at the heart of internal models for life insurance. They are used to project the payments to policy holders and future profits of the shareholders over the full duration of the contracts. However, the interactions of capita

• 04:15 Popular

  Summary DAV DGVFM Annual Meeting 2019

  by DAV_DGVFM Added 1 month ago 0 63 Views

  More than 1,300 actuaries from all over Germany met for the annual meeting of DAV and DGVFM from 24 to 26 April 2019.

• 09:09 Popular

  Predictive Analytics in Life Insurance - How to Get Real Res...

  by RGA Added 1 month ago 0 132 Views

  There are several pitfalls to avoid in predictive modeling. One common mistake, “overfitting,” yields optimistic model results that will not replicate. In this webcast, RGA’s Rosmery Cruz describes what causes overfitting, and suggests s

• 30:23 Popular

  The Future of Mortality

  by Ulm-University_ifa Added 1 month ago 0 273 Views

  A variety of mortality models can be used to project future mortality. However, the parameters of most of these models lack a clear demographic interpretation. Hence, it may be hard to identify forecasts which are not consistent to the most recent observe

• 45:56 Popular

  It Takes Two: Why Mortality Trend Modeling is more than mode...

  by Ulm-University_ifa Added 1 month ago 0 81 Views

  Matthias Börger, Jochen Russ, Johannes Schupp Abstract: Increasing life expectancy and thus decreasing mortality rates constitute a global trend that can be observed in almost all countries worldwide. Estimating the current rate at which mortality ra

• 33:47 Popular

  Return Smoothing and Risk Sharing Elements in Life Insurance...

  by Ulm-University_ifa Added 1 month ago 0 78 Views

  Jochen Ruß a, Stefan Schelling b, * a Institute for Finance and Actuarial Sciences, Lise-Meitner-Strasse 14, 89081 Ulm, Germany and Ulm University, Institute of Insurance Science, Helmholtzstrasse 20, 89081 Ulm, Germany b Ulm University, Institute o

• 32:09 Popular

  Global R&D Mortality Trends Update

  by AAE Added 1 month ago 0 123 Views

  Slowing population mortality improvement trends have been evident in many countries in recent years, making forecasting mortality improvements in the short-term more difficult for actuaries. In this webcast, Peter Banthorpe presents a summary of this phen

• 33:12 Popular

  Economic value of a french life savings contract in Euros

  by AAE Added 1 month ago 0 60 Views

  Applying a Mark-to-Market approach to evaluate the fair value of the insurer's commitment (best-estimate) for a saving French contract in €, implies having the prices of options and guarantees of insurance policies. Since this informatio

• 23:31 Popular

  Using Reinsurance to Control Profit & Loss Volatility

  by AAE Added 1 month ago 0 85 Views

  Using Reinsurance to Control P&L Volatility (presented at GIRO 2018 on 24 October 2018 / slot A1). I start with a rudimentary refresher re: the P&L and Balance Sheet statements of an insurer. A general reinsurance solution is found, then tailored