First webcast of the 2020 EAA Week by Dr. Frank Schiller.
Speaker(s): Frank Genheimer Thanks to several issues on different levels, insurance business is in a transition process. This transformation is no ordinary evolution because it already becomes apparent that the magnitude of change is bigger and the speed,
Speaker(s): Frank van Berkum (UvA) Pension funds must adjust population-wide mortality forecasts for the valuation of their liabilities, since the combined effect of the many factors that determine their participants' survival probabilities typically diff
Speakers: René Billing, Frank Schönfelder How does a P&C actuary and Data Science fit together to create value for the company? And where are the limitations? The Working Group Pricing of the German Association of Actuaries would like to s
Speaker(s): Frank Grund (BaFin)
Speaker: Jörg Schiller In this paper, we analyze selection effects in the German market for private complementary long-term care insurance contracts (CompLTCI) within a static and dynamic framework. Using data on more than 98,000 individuals from a G
Speaker(s): Frank Schiller (Munich Re) Own occupation disability income protection insurance (henceforth: DI) is a complex product with a dependence on various individual, socio-economic and medical risk factors. Our experience analysis is based on more t
Speaker(s): Daniela Rode (RISK-CONSULTING Prof. Dr. Weyer GmbH) Digitalization is creating new business models in the insurance industry. Health insurers are striving to transform themselves from being a claims payer to being a health player. They want to
Speakers: Frank Wild, Christian Jacke The drug related consumption and expenses continue to increase every year. This is particularly true for private insurances (PKV) which reimburse pharmaceutical innovations. In comparison to the compulsory sickness in
Speaker(s): Dr. Christine Arentz, Frank Wild In Germany, long-term care insurance has been introduced as a pay-as-you go (PAYG) financing scheme in 1995. This system is however not sustainable with demographic change leading to a growing number of very ol
Speakers: Frank Schönfelder, Clemens Frey New techniques related to machine learning, big data and analytics gain more and more attention from the actuarial community, but also decision-makers the insurance industry. There is also a trend in the Germ
Speaker: Frank Sommerfeld
Master Digital (and Mental) Transformation in Insurance Speaker: Frank Genheimer Insurance business is changing and this transformation is no ordinary evolution because it already becomes apparent that the magnitude of change is bigger and the speed, at w
Cellular automata can be viewed as special cases of agent-based models. It is compelling to observe through them the emergence of complex phenomena from extremely simple rules in very few parameters. We shall illustrate how they can be used as alternative
Topics: Economic balance sheet Measures of risk Available risk capital Required capital Capital allocation and portfolio optimization
In this short video, RGA’s Dr. Daniel Zimmerman discusses the rapidly developing technology of liquid biopsies. He defines what they are, what impact they will likely have on clinical medicine, and how they might impact insurers.
All over the world defined benefit pension plans (DB-plans) are in retreat, meaning that young employees entering working life must accept defined contribution pension plans (DC-plans). There are several reasons for this development, including: increased
We develop a framework for analyzing a finite-horizon investor's asset allocation problem in the case where not all risks can be hedged by financial instruments and markets are therefore incomplete. We assume that the agents assess their utility relative
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.
Shaun will discuss actuarial models for quantifying cyber risks for organisations, with some case examples. Shaun also will discuss cyber risk propagation along the supply chain and implications for cyber insurance.
by Dr. Frank Ashe
Websession of the AAE Risk Management Committee; conducted on 5 December 2019 Risk Management in its various forms continues to be an important activity for actuaries across Europe. This webcast will explore ways in which actuaries can contribute to opera
The speaker uses the Netherlands to demonstrate mortality modelling in general and the application of a Generalised Additive model. He then explores mortality modelling in the small population of Curaçao. He ends with the advice to investigate whet
How data science can be used to improve decision making, the hurdles to be faced and its potential.
Das duale System der Pflegeversicherung steht in der Kritik. Ein in der Gesundheitspolitik zu hörender Vorwurf lautet, die PPV suche sich die "guten Risiken" und die SPV müsse die schweren Pflegefälle übernehmen. Die sehr unterschiedli
Wir sehen aktuell im Gesundheitsmarkt und in der Versicherungsbranche zwei große Trends: • Die zunehmende automatisierte Erfassung von Fitness- und Gesundheitsdaten durch Wearables, Handys, etc. Massive Investitionen großer Konzerne sind
Quantifying non-life insurance risk, i.e. the uncertainty in pricing and reserving resulting from the stochastic nature in occurrence, reporting, and settlement of claims, over a horizon of several years is necessary for modern risk- and value-based busin
Die Risikokapitalberechnung gemäß Solvency II stellt Versicherungsunternehmen vor der Herausforderung zwischen einem internen Modell und der Standardformel abzuwägen. In dieser Fallstudie konzentrieren wir uns auf ein internes Modell und b
Der strategische Erfolg eines Unternehmens hängt maßgeblich davon ab, wie der Risikoappetit und die Risikostrategie mit dem tatsächlichen Risikoprofil zusammenpassen. Daher sollten neuartige und sich rasch ändernde Risiken („eme
Meist werden Schadenexzedenten in Haftpflichtsparten noch immer auf der Burning Cost basierend tarifiert, eventuell wird für die höheren Layer zusätzlich eine Pareto-Extrapolation durchgeführt. Um jedoch weiterführende Fragen zu b
Detlef Frank, Vorsitzender des Ausschusses Schadenversicherung der DAV, gibt einen Überblick über die aktuellen Themen und Aktivitäten des Ausschusses.
In diesem Beitrag stellen die ERGO-Mitarbeiter Dr. Sebastian Mikus und Dr. Lucas Hafner die Anwendung von Deep Learning zur Klassifikation eingehender Dokumente vor. Im Vortrag erwartet Sie eine Einführung in die Funktionsweise Neuronaler Netzwerke u
Der Vortrag geht aus von den vier Prinzipien der DAV zum Höchstrechnungszins (HRZ) und stellt die neue Methodik vor, die zur Herleitung des Vorschlags von 0,5% für den HRZ ab 2021 angewendet wurde. Das Review des Sicherheitsabschlags wird erl&au
Optimierungsansätze im Design der With-Profit RentenVorgetragen von Julia EisenbergGemeinsame Arbeit mit M. Carmen Boado-Penas, Axel Helmert und Paul Krühner Die demografische Entwicklung und die anhaltende Niedrigzinsphase führen zu einem
Dr. Jürgen Bierbaum erläutert die Rolle der berufsständischen Vereinigung mit Blick auf die Selbstregulierung der Aktuar*innen in Deutschland und gibt einen aktuellen Überblick über die Aktivitäten des Ausschusses für be
Die betriebliche Altersversorgung im Allgemeinen und die Direktzusagen im Besonderen haben in Deutschland eine lange Tradition. Die Bewertung erfolgt dabei nach dem Ende des 2. Weltkrieges anhand von Richttafeln aus dem Hause Heubeck.Im Vortrag soll daher
Prof. Dr. Karsten Neuhoff gibt in seinem einleitenden Vortrag erste Hinweise auf die Aufgaben und Herausforderungen für institutionelle Investoren auf dem Weg zur Klimaneutralität, die in dieser Podiumsdebatte näher beleuchtet werden.
Diese Plenary Session befasst sich mit „Digital Ethics“. Gabriel Bernardino (EIOPA) meldet sich mit einer Videobotschaft zu Wort, ebenso wie die Vertreter der Actuarial Association of Europe (AAE) Falco Valkenburg und Lutz Wilhelmy. Anschlie&s
Die Plenary Session trägt den Titel „Die Zukunft der betrieblichen Altersversorgung“ und bringt hochkarätige bAV-Experten an den virtuellen Diskussionstisch.
In this video, Olav welcomes the attendees and introduces the session and speaker, Graeme Codrington. Graeme has been tracking the COVID-19 outbreak and will share patterns that are becoming evident in how the virus plays itself out as countries around th
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
Ein Vortrag im Rahmen des qx-Club Köln am 05.05.2020. Es gestaltet sich oft mühsam, tiefe Analysen für ein stochastisches Unternehmensmodell wie das Branchensimulationsmodell durchzuführen. Diese erfordern meist einen sehr großen
The following SAI Event Page includes PDF of the slides: Please seehttps://web.actuaries.ie/events/2020/04/webinar-investing-covid19-international-perspective
At the recent International Insurance Society (IIS) webinar, “The COVID-19 Pandemic: Insights and Implications for Insurers,” three leaders from RGA shared their views from different, yet integrated, perspectives to help insurers make sense of
Machine learning methods are also becoming more and more important in the insurance industry. A widespread and in practice very successful method of machine learning uses so-called artificial neural networks. In the two part lecture we would like to give
Machine learning methods are also becoming more and more important in the insurance industry. A widespread and in practice very successful method of machine learning uses so-called artificial neural networks. In the two part lecture we would like to give
AbstractDigitalization is creating new business models in the insurance industry. Health insurers - today just payers of claims - are striving to transform themselves into more active players in healthcare. They want to become a partner, that assists the
Since the time of the MCEV models in the early 2000’s European life insurance companies have been facing a computational challenge: How to accurately project the entire portfolio consisting of thousands of policies with the existing IT capacities? T
AbstractThe wealth of data held by insurers is a treasure trove. Technologies such as AI and data analytics enable the industry to create a world of products that can adapt more individually and more quickly to customers’ needs in their life situati
As much of the world remains in the grips of the first wave of the COVID-19 pandemic, we all continue to focus on containing and controlling the coronavirus. The catastrophic direct impact on mortality and morbidity must be brought to an end. Furthermore,
Websession by the IAA's Recourse & Environment Working Group in January 2019.
In seinem Vortrag für die e-Herbsttagung von DAV und DGVFM geht Dr. Ralf Kantak (Vorstandsvorsitzender des PKV-Verbands) auf die coronabedingten Herausforderungen der Privaten Krankenversicherung ein. Dabei unterstreicht er auch den Reformbedarf bei
Dr. Alexander Mahnke (Vorstandsvorsitzender des Gesamtverbands der versicherungsnehmenden Wirtschaft) skizziert in seinem Vortrag bei der e-Herbsttagung 2020 von DAV und DGVFM die Erwartungen der deutschen Wirtschaft an den künftigen Versicherungssch
In seinem Vortrag bei der e-Herbsttagung von DAV und DGVFM gibt Dr. Georg Thiel (Präsident des Statistischen Bundesamts) einen Einblick in die umfangreichen Erkenntnisse seiner Behörde zur Coronapandemie. Dabei ging er auch der Frage nach, ob es
Is Data Science a means to an end or just the end in itself? With more and more Machine Learning methods, frameworks and automatized Knowledge Discovery (aka Data Mining), more often than not actuaries can easily get the impression that everyone is using
Machine Learning (ML) methods are also becoming more and more important in the insurance industry. But ML is a broad field or even a science in its own right. It is therefore not easy for those interested to know where to start. For this web session serie
ML models are often referred to as "black boxes", especially so if they are derived from Neural Net-type approaches. But truth be told, many approaches are powerful and do indeed outperform "classical" statistical inference. Consequently, transparency and
The COVID-19 pandemic is an event that most of the 7.8 billion people on earth will remember for the rest of their lives. It is unprecedented in that manner alone. The amount of COVID-19 data available online and from other direct sources is vast. In the
Die Covid-19-Pandemie hat laut der Weltgesundheitsorganisation (WHO) bereits zu mehr als 1 Million Todesfällen weltweit geführt. Auf der ganzen Welt haben die betroffenen Länder mit strikten Maßnahmen ins gesellschaftliche Leben einge
The Novel Coronavirus (CoViD-19) represents one of the most recent pandemics in the last 100 years. 11 months into the pandemic, the reality of life being irrevocably changed is dawning on the world, but the effects of these sudden and drastic shifts are
Dr. Greg Doyle will share insights into how perform data analytics effectively and the components/methodology for a successful analytics project. Aidan Mahon will share insights into the InsurTech scene and the role that the IT Carlow INC plays in this ec