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• 26:15 Popular

  A Neural Network Extension of the Lee-Carter Model to Multip...

  by actuview Added 1 week ago 1 56 Views

  The Lee-Carter model is a fundamental approach to forecasting mortality rates of a single population. Although extensions of the model to forecasting rates for multiple populations have recently been proposed, the structure of these extended models is har

• 36:50 Popular

  Impaired Lives Insurability: Dawn of a new era

  by actuview Added 1 week ago 0 66 Views

  In the last decade or two we have witnessed a bifurcation in the market for longevity risks as specialist insurers have started to distinguish between impaired lives and others. The distinction has given rise to impaired lives’ annuity terms that ar

• 14:48 Popular

  A Fuzzy Least Squares Estimation of a Hybrid log-Poisson Reg...

  by actuview Added 1 week ago 0 64 Views

  In this article, We prove the reliability of hybrid models in loss reserving, especially when the data contain fuzziness for example when the claims are related to body injures [34]. We estimate a hybrid log-linear model (log-Poisson) using the fuzzy leas

• 41:25 Popular

  Risk Alchemy and Liquidity Management

  by actuview Added 1 week ago 0 18 Views

  The aim of the presentation is to consider the role of capital management in the value creation process of insurance companies. As a first step, the various interpretations of capital (from the economic, investor and actuarial perspectives), and related c

• 26:16 Popular

  A Quantile Mixing Approach for the Combination of Experts' M...

  by actuview Added 1 week ago 0 11 Views

  In this article, we provide theoretical justifications for the use of convex combinations of quantile functions in order to combine experts' (or softwares) models. We assume that the experts' estimates are given in the form of two probability measures &mu

• 18:53 Popular

  The Importance of Internal Actuarial Governance

  by actuview Added 1 week ago 0 17 Views

  The requirement for a good internal actuarial Governance Structure is becoming increasingly pertinent and relevant, not only in Africa, but also internationally. The presentation's key theme revolves around a well known aviation case study, which shows ho

• 25:37

  The Actuary’s Duty to the Public Interest

  by actuview Added 1 week ago 0 10 Views

  The IAA’s PG1 Principles of Professionalism contains a provision that members should act in the public interest. This is replicated in the Code of Professional Conduct of the Actuarial Society of South Africa, which is the primary normative standard

• 24:14 Popular

  Multivariate claim frequencies modelling in P&C insurance us...

  by actuview Added 1 week ago 0 13 Views

  Actuarial risk classification is usually performed at a guarantee and policyholder level: For each policyholder, the claim frequencies corresponding to each guarantee are modelled in isolation, without accounting for the correlation between the different

• 1:29:07 Popular

  Addressing nutrition, climate change and developing economie...

  by actuview Added 1 week ago 0 20 Views

• 27:32 Popular

  Automating Reserving for optimal model selection.

  by actuview Added 1 week ago 0 66 Views

  There are a wide range of Reserving methods out there, but due to time constraints and prior preferences, actuaries very often confine themselves to a single or minimal number of methods in their work. As certain trends very often invalidate the underlyin

• 26:51 Popular

  The actuarial (r)evolution

  by actuview Added 1 week ago 1 55 Views

• 24:52 Popular

  Predictive analytics of insurance claims using multivariate ...

  by actuview Added 1 week ago 0 13 Views

  I will present the results obtained by Working Party "Automated cars and insurance". This Working Party is directed by Sara Landini, Kyriaki Nousia and Przemyslaw Klusik and it is joint cowork of ASTIN and AIDA. The topics are following: identification of

• 1:15:48

  Making our voice heard: A more prominent role for the Actuar...

  by actuview Added 1 week ago 0 8 Views

  Actuaries find themselves more and more often playing roles that fall on the edge of or outside of our traditional ambit. Hence the actuary'srole as thought leader becomes more critical. Nowhere is this more important than in the realm of public policy, w

• 42:40 Popular

  Pre-funding of Healthcare Benefits After Retirement

  by actuview Added 1 week ago 0 16 Views

  While current demographic and economic changes have implications for both pension and healthcare schemes, addressing financial sustainability of health care systems entails a somewhat distinctive approach. Throughout this paper we will propose a framework

• 36:45

  Professionalism Case studies presented by the ASSA PMB - “...

  by actuview Added 1 week ago 0 9 Views

  The Actuarial Society of South Africa has implemented a new outcomes-based Continuing Professional Development process. Based on survey results just out, members feel overwhelmingly that it is a useful exercise that adds real value. In this session, Actua

• 41:07 Popular

  Impact of improved lifestyle on management of chronic diseas...

  by actuview Added 1 week ago 0 123 Views

  A joint presentation by a health care actuary at one of South Africa's leading managed care companies, Medscheme, and a high profile scientist, clinician, professor, sportsman and acclaimed author, Prof Tim Noakes. The low-carbohydrate, high-fat diet, oft

• 1:13:45 Popular

  ASTIN Workshop - Pricing Part 2

  by actuview Added 1 week ago 0 22 Views

  Addressed topics: - Data- Rate Adequacy- Model Design- Case Study

• 38:44 Popular

  Scenario Testing for Flatrated Fleets during the yearly pric...

  by actuview Added 1 week ago 0 61 Views

  The envisaged presentation (in the area of flatrated fleets) will start from the calculation of the (actuarially correct) technical premium and will then deal with the commercial premium which is directly derived from the former one and subsequently adjus

• 39:14

  Professionalism case studies presented by the ASSA PMB - “...

  by actuview Added 1 week ago 0 7 Views

  “Brandon Does Diffraction” The Actuarial Society of South Africa has implemented a new outcomes-based Continuing Professional Development process. Based on survey results just out, members feel overwhelmingly that it is a useful exercise that

• 22:04 Popular

  Is the pension system relevant to the migration decision? A ...

  by actuview Added 1 week ago 0 11 Views

• 35:50

  Projecting Longevity and Mortality Using Stochastic Models

  by actuview Added 1 week ago 0 9 Views

  Longevity risk can be described primarily as a "Tail Risk" for negative cash flows that occur years into the future after the original investment is exhausted. The setting of assumptions for future longevity requires a new approach that recognizes and qua

• 39:42

  A Stochastic Investment Model for South African Use

  by actuview Added 1 week ago 0 10 Views

  The need for stochastic modelling is on the rise globally in the pension, life insurance and investment industries due to both an increase in regulation and a natural requirement for stochastic analysis in modelling exercises. Research in the area of stoc

• 1:17:53 Popular

  The culture and purpose of The Modern Actuary

  by actuview Added 1 week ago 0 74 Views

• 34:55 Popular

  Practical Issues in Applying IFRS 17 in Developing Countries

  by actuview Added 1 week ago 2 106 Views

  This presentation outlines some of the significant additional challenges in adopting IFRS 17 faced by insurers operating in developing countries as compared to those in developed countries. These challenges include setting discount rates in the absence of

• 32:55

  African Economic Basis Survey

  by actuview Added 1 week ago 0 4 Views

  The Holy Grail of objective valuation of assets and liabilities promised over recent decades remains lost for many operating in geographies without complete, deep and liquid markets. The maturity of financial and insurance markets varies across Africa, bu

• 22:52

  Desirable structure of DC Governance in Japan

  by actuview Added 1 week ago 0 5 Views

• 42:46

  Health Insurance across Africa: Not for the faint of heart

  by actuview Added 1 week ago 0 7 Views

  Health insurance is growing in prominence in Africa as more international insurers enter the various markets to compete with the existing local insurers. This talk will provide high level insight to the current situation, from the challenges of navigating

• 29:56

  Estimation of foreseeable and unforeseeable risks in motor i...

  by actuview Added 1 week ago 0 4 Views

  This project works with the risk model introduced by Li et al.(2015) and quests modelling, estimating and pricing insurance for risks brought in by innovative technologies, or some other emerging risks. The model considers together two different risks str

• 54:00 Popular

  United Nations Sustainable Development Goals

  by actuview Added 1 week ago 0 62 Views

  Actuaries making a difference on the global stage: this workshop will explore how actuaries are using their business and problem solving skills to contribute to the UN’s 17 global goals for sustainable development. We will look at examples from acro

• 17:44 Popular

  The Actuary at the Kraal

  by actuview Added 1 week ago 0 12 Views

  It is time for the actuary and the insurance industry to review and redefine the strategies employed to enabling access to the uninsured markets in South Africa. With the client being the core of the strategy and we must start engaging with our communitie

• 22:19

  The Journey Through the Line

  by actuview Added 1 week ago 0 2 Views

  The rapid convergence of the skilled human with the intelligent machine is changing business models and transforming the playing field at breathtaking speed. It is no longer a question of “what if” but rather one of “so how”. It is

• 29:18 Popular

  Late joiner penalties as stipulated in the Medical Schemes A...

  by actuview Added 1 week ago 0 60 Views

  Late joiner penalties as stipulated in the Medical Schemes Act (MSA) – how should these be structured? The purpose of the discussion will be to unpack the late joiner penalties. This will focus on both the funder side as well as the beneficiary side

• 41:26

  Dynamic Risk Assessment

  by actuview Added 1 week ago 0 8 Views

  Following ten years of research, two principle contributory factors to our inability to model the future accurately. The first of these is the manifestation of trends and developments which have not been observed before. The lack of data on such events po

• 34:25

  ASTIN WP on Implications of IFRS on Non-Life Insurers, Produ...

  by actuview Added 1 week ago 0 7 Views

  The IASB accounting standard for insurance contracts, IFRS 17, is expected to bring significant changes in the recognition of income and balance sheet valuation of insurance contracts as well as in the requirement for disclosures. This ASTIN Working Group

• 17:03

  Credit default correlation modelling. Historic vs. Asset ret...

  by actuview Added 1 week ago 0 6 Views

• 23:03

  Solvency Analysis of Deferred Annuities

  by actuview Added 1 week ago 0 8 Views

• 12:38

  Big Data Analytics as an opportunity for Fraud Management in...

  by actuview Added 1 week ago 0 8 Views

  Fraud Management is inevitable to insurance companies as this informs the level of risk covered which in turn affects the premiums being charged. Over the years, with evolution of fraud detection methods, perpetrators of fraud have also been evolving thei

• 24:30 Popular

  Future Actuary - Data scientist, coder, business leader, ent...

  by actuview Added 1 week ago 0 67 Views

  Actuaries of the future will need to look at their skill sets and think about what is relevant. This presentation will cover trends that are changing the work of an actuary, such as: * Ever present technological advances and changes are driving a changing

• 30:56

  International PMI vs Domestic PMI

  by actuview Added 1 week ago 0 2 Views

  IPMI is a comprehensive insurance product to cover medical cost worldwide and appealed to a niche market. Policyholders have the flexibility to see a preferred doctor close to home or specialist in another country. The purpose of the study is to understan

• 30:57

  Aggregation and Risk Measurement for a Portfolio of Exchange...

  by actuview Added 1 week ago 0 3 Views

  In this paper, we consider the computation of risk measures, such as the VaR and the TVaR, for a portfolio of n dependent losses assuming that the marginal distributions of the loss random variables are known but that the dependence structure is only know

• 34:14

  Anti-selection in Health Insurance

  by actuview Added 1 week ago 0 6 Views

  Health insurance risk pools that are structured on social solidarity principles are particularly susceptible to anti-selection. This paper will present evidence of the effects of anti-selection with particular reference to the South African medical scheme

• 53:35 Popular

  The big question regarding AI: "Have the humans lost?"

  by actuview Added 1 week ago 0 80 Views

  Artificial intelligence, big data, the Internet of Things, machine learning, and instant analytics appear to spell doom for any profession involving numbers and analysis. But our future is not an apocalyptic movie: emerging technologies will change our jo

• 28:27

  Global Pension Solutions for Globetrotters

  by actuview Added 1 week ago 0 3 Views

• 19:00 Popular

  Generalized Binomial Estimator: a bridge between Actuarial S...

  by actuview Added 1 week ago 0 59 Views

  For some years now, Data Science and Machine Learning has entered the world of actuarial science and is shaking up traditional practices. Machine Learning is usually opposed to conventional statistical methods: in many actuarial works dealing with Data Sc

• 35:25

  Capital Management and Value Creation

  by actuview Added 1 week ago 0 4 Views

  The aim of the presentation is to consider the role of capital management in the value creation process of insurance companies. As a first step, the various interpretations of capital (from the economic, investor and actuarial perspectives), and related c

• 26:28

  The financial impact of new private hospitals on the private...

  by actuview Added 1 week ago 0 8 Views

  Healthcare costs in the South African private sector have been increasing faster than general inflation. Both demand-side (e.g. age, and disease burden) and supply-side factors (e.g. new technology) have contributed to this. This presentation focuses spec

• 25:48 Popular

  A tractable method for unravelling and modelling unobservabl...

  by actuview Added 1 week ago 0 18 Views

  The estimation of claim and premium reserves is a key component of an actuary's role and plays a vital part of any insurance company's operations. In practice, such calculations are complicated by the stochastic nature of the claims process as well as the

• 31:22 Popular

  Actuaries and Cyber Security

  by actuview Added 1 week ago 0 69 Views

• 46:27

  Growing Insurance Challenges Emerging Markets with a focus o...

  by actuview Added 1 week ago 0 2 Views

  Insurance penetration rates in emerging markets are still considerably less than in developed countries with the majority of the population remaining uninsured. There are a number of supply and demand side factors, which have led to an underinsured popula

• 37:36

  Whistle Blowing – A Dilemma?

  by actuview Added 1 week ago 0 7 Views

• 1:21:34

  ASTIN Workshop - Pricing Part 1

  by actuview Added 1 week ago 0 10 Views

  Addressed topics: - Data- Rate Adequacy- Model Design- Case Study