Projection of own funds and capital requirements over a multi-year horizon has become a fundamental component in modern risk- and value-based business planning and regulatory requirements for insurance companies. The presentation provides an overview abou
The presented work covers two tasks, the prediction of policy values up to the maturity of an individual contract and the grouping of contracts, which are combined within our approach. Despite the high importance of grouping in practice, little research o
All AAC 2019 recordings can be found here. From 21 to 24 October, another international highlight for actuaries in 2019 took place – this time it´s in Singapore. The 22nd Asian Actuarial Conference featured three days of program under the them
by Nick van der Nest (Munich Re)
by Hassan Scott Odierno (Actuarial Partners Consulting)
This paper will discuss the difficulty of motor extended warranty rate-making and review existing approaches to tackle current difficulties. It will also compare the prediction accuracy of GLM, SVM, and deep learning methods using data from Korea and Chin
When a team culture feels right then the team will naturally perform optimally. We will explore what a company, team manager and team member can do to create a high performing team culture. Be the change you want to see. The environment we create is a ref
How can actuaries leverage human-centric design to create new products and services that are relevant to the customer? Learn the design-thinking framework and see how it can be applied to insurance.
This paper will examine improving decision making in insurance risk underwriting. A key component of insurance risk underwriting decisions is qualitative judgement, in addition to quantitative analytical modelling. In the training of actuaries, great stri
5:00Tony Cheng, FIAA, Executive Vice President, Head of Asia RGA, welcomes the participants at AAC 2019 in Singapore.
The insurance markets in the Asian countries will have a significant contribution to the global market growth in the coming years. Developing countries such as China, India and Indonesia are expected to experience strong growth due to higher demand for in
Actuaries are increasingly identifying themselves as working in “data”. Actuaries have analytical and business knowledge skills as well as ethical and professional standards that are valuable in this field.Andy will provide a few case studies
There is a rapidly developing environment with respect to the use of Big Data and Data Analytics in the Asia-Pacific region. Insurers and regulators in the region have an awareness of and appreciation for the potential benefits of Big Data and Data Analyt
Other economic sectors such as healthcare are fast developing to incorporate artificial intelligence and advanced analytics as an aid to (augment) medical professionals. The question of how AI will be incorporated across the insurance chain and actuarial
Large commercial risk portfolios present unique challenges to the pricing actuary – heterogeneity, for instance, in the nature of risks, the coverage structures, and participation shares among other things. This presentation will provide a comprehen
Design for flood resiliency to transcend current flood analysis approaches which are conducted in siloed, non-repeatable and non-integrated manner, and not integrated with real-time inputs or natural events.
Today’s cyber landscape is radically different from the past. Advanced threats are stealthy and lethal. They are difficult to detect. Unfortunately, cyber protection technologies continue to progress in a detection-oriented framework. It is therefor