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VICA2018
  • 293 videos
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Another highlight of this ICA will be the very first Virtual ICA. Due to the support of a number of institutional partners from the actuarial community as well as several sections of the IAA, many sessions from the stages in Berlin will be broadcasted live online and provided ...

Videos from VICA2018

  • 45:02 Epidemic risk solutions

    Epidemic risk solutions

    by VICA2018 Added 314 Views / Likes

    Gunther Kraut (Munich Re)

  • 25:00 Financial Sust. of the Algerian Retirement System: A Perspec...

    Financial Sust. of the Algerian Retirement System: A Perspec...

    by VICA2018 Added 241 Views / Likes

    Speaker(s): Farid Flici Maintaining retirement systems stability becomes a big challenge for all countries. Such sustainability is widely related to a set of elements changing over time as population structure, longevity, employment and affiliation to soc

  • 20:08 Alone stage of retirement

    Alone stage of retirement

    by VICA2018 Added 194 Views / Likes

    Speaker(s): Lori Curtis Canadians are living substantially longer without increasing years of work; a longer retirement must be resourced within a stable working life. The literature recognizes 3 stages of retirement, early (ages 65 - 74 years), middle (a

  • 30:25 Retirement – a new frontier of the over 80s market

    Retirement – a new frontier of the over 80s market

    by VICA2018 Added 203 Views / Likes

    Speaker(s): Ralf Knobloch The populations is aging in most countries.The over 65 group (the traditional fixed age for 'retirement') is growing rapidly, in absolute terms and relative to the population.This group's wealth is also growing rapidly. Yet the c

  • 23:26 20 years after the pension reform

    20 years after the pension reform

    by VICA2018 Added 220 Views / Likes

    Speaker(s): Carmen Fernandez In July 1997 a new pension scheme for workers affiliated to the Mexican Social Security Institute (IMSS) came into force. For twenty years the pension system has had adaptations and reforms in its operation. At its inception,

  • 22:22 An analytical framework for medical trends and potential mit...

    An analytical framework for medical trends and potential mit...

    by VICA2018 Added 252 Views / Likes

    Speaker(s): Stephen Bishop Forecasting Medical Trends remains one of the most significant components of healthcare pricing. This presentation analyses the sources of trend from utilisation effects to provider behaviour, and in addition summarises commonly

  • 37:36 Application of machine learning in health insurance to reduc...

    Application of machine learning in health insurance to reduc...

    by VICA2018 Added 393 Views / Likes

    Speaker(s):Satraajeet Mukherjee, Anitya Ajmani Claims leakage is defined as the difference between the actual claim payment made and the amount that should have been paid if all industry leading practices were applied. Leakage is caused by deviations from

  • 18:49 ​Pre-funding healthcare benefits after retirement

    ​Pre-funding healthcare benefits after retirement

    by VICA2018 Added 84 Views / Likes

    Speaker:Ibrahim Muhanna 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

  • 16:58 Planning model for the training of medical specialists for t...

    Planning model for the training of medical specialists for t...

    by VICA2018 Added 191 Views / Likes

    Speaker(s): Carlos Contreras Cruz As a result of the declining of birth and death rates, which together generate the phenomenon known as demographic transition, it is estimated that in the medium term the proportion of the Mexican population that is 60 ye

  • 33:18 Long-term care: An actuarial perspective on societal and per...

    Long-term care: An actuarial perspective on societal and per...

    by VICA2018 Added 294 Views / Likes

    Speaker(s): Sam Gutterman As populations age over the next decades, the demand for long-term care (LTC) services will increase dramatically and is likely to reach crisis levels in many countries. Historical methods for providing and financing LTC may not

  • 27:06 Long term care reform in Germany - at long last

    Long term care reform in Germany - at long last

    by VICA2018 Added 221 Views / Likes

    Speaker(s): Sabrina Link Private long-term care (LTC) insurance protects against costs which arise from a care need. It pays when the insured is too frail to care for themselves without the physical assistance of another person even when using assistive d

  • 22:45 Banking actuaries: the South African experience

    Banking actuaries: the South African experience

    by VICA2018 Added 382 Views / Likes

    Speaker(s): Kudzai Chigiji, Michael Tichareva This presentation will be to discuss how the banking practice was developed in South Africa. A detailed view of the events will be provided, including the development of the team that was instrumental during t

  • 25:39 Lessons learnt from the ongoing IFRS 17 implementation in As...

    Lessons learnt from the ongoing IFRS 17 implementation in As...

    by VICA2018 Added 413 Views / Likes

    Speaker(s): Steve Cheung (Ernst & Young) After twenty years of deliberating, the IASB released the final IFRS 17 Standard on May 18, 2017. By setting January 1, 2021 as the mandatory effective date, the IASB grants insurance companies 3.5 years to imp

  • 19:43 Integrated risk management in practice

    Integrated risk management in practice

    by VICA2018 Added 220 Views / Likes

    Speaker: Marian Elliott Across the world, various regulatory frameworks are in place for appropriate measurement and management of risk; indeed IORPII mandates a separate risk management function as well as an “own risk assessment”. But how sh

  • 23:26 Retirement choices in the netherlands

    Retirement choices in the netherlands

    by VICA2018 Added 98 Views / Likes

    Speaker(s): Dirk Kuijpers

  • 27:57 A coverage factor for managing elderly pension benefits

    A coverage factor for managing elderly pension benefits

    by VICA2018 Added 96 Views / Likes

    Speaker: Alexander Bohnert This paper proposes a system for the automatic adjustment of pension benefits taking into account the mortality risk of the dependency level of the beneficiary. To that end a simplified multi-state Markov chain model is included

  • 21:10 Quantifying longevity risk in annuities by means of the gene...

    Quantifying longevity risk in annuities by means of the gene...

    by VICA2018 Added 124 Views / Likes

    Speaker: Peter Vekas Hunt and Blake (2015) and Villegas et al. (2016) have recently created an attractive unifying framework of several popular mortality forecasting techniques (including the Poisson variant of the famous Lee - Carter model as well as the

  • 29:01 Multi-year non-life insurance risk – a case study

    Multi-year non-life insurance risk – a case study

    by VICA2018 Added 194 Views / Likes

    Speakers: Lukas Hahn, Marc Linde 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. For examp

  • 28:08 Analysing the disconnect between the reinsurance submission ...

    Analysing the disconnect between the reinsurance submission ...

    by VICA2018 Added 130 Views / Likes

    Speaker: Ana Mata This research paper fills the void in the currently available actuarial literature related to information required by the reinsurance underwriter but often lacking when pricing property per risk coverages worldwide. Results from surveys

  • 27:24 IBNR robot - an actuarial application on artificial intellig...

    IBNR robot - an actuarial application on artificial intellig...

    by VICA2018 Added 252 Views / Likes

    Speakers: Shu Yi Lim, Nicholas Chee Lek Yeo Actuaries calculate ultimate loss by employing various standard actuarial techniques combined with expert judgment. These calculations are often manual and time-consuming. Judgments are biased. To ensure the act

  • 26:23 Marine insurance trends - challenges and opportunities for a...

    Marine insurance trends - challenges and opportunities for a...

    by VICA2018 Added 174 Views / Likes

    Speaker: Astrid Seltmann As marine insurance is usually no issue at actuarial conferences, I propose to give an overview over the global marine insurance market and its characteristics, challenges and opportunities with specific focus on issues relevant t

  • 17:03 A method to determine model points with cluster analysis

    A method to determine model points with cluster analysis

    by VICA2018 Added 344 Views / Likes

    Speaker: Yosuke Goto With the recent progresses such as the enforcement of Solvency II in Europe, the publication ICS version 1.0 and development of ERM, needs for timely calculation of indicators with huge computation is growing (e.g. risk measurements o

  • 25:37 Pricing pension buy-outs under stochastic interest and morta...

    Pricing pension buy-outs under stochastic interest and morta...

    by VICA2018 Added 138 Views / Likes

    Speakers: Ayse Arik, Andrew Cairns Pension buy-out is a special financial asset issued to offload the pension liabilities holistically in exchange for an upfront premium. In this paper, we concentrate on the pricing of pension buy-outs under dependencebet

  • 21:55 A set of new stochastic trend models

    A set of new stochastic trend models

    by VICA2018 Added 149 Views / Likes

    Speaker: Johannes Schupp Due to the observed and persistently strong improvements in life expectancy, the estimation of future mortality improvements and trends by actuaries and demographers gains more and more social and financial importance. Often, (sto

  • 23:27 Extension compression and beyond – a unique classification...

    Extension compression and beyond – a unique classification...

    by VICA2018 Added 170 Views / Likes

    Speaker: Martin Genz There exists a variety of literature on the question how the age distribution of deaths changes over time as life expectancy increases. However, corresponding terms like extension, compression, or rectangularization are sometimes defi

  • 22:19 Modelling old age mortality rates: An extrapolation method b...

    Modelling old age mortality rates: An extrapolation method b...

    by VICA2018 Added 191 Views / Likes

    Speakers: Santiago Fiallos, Vincent Noel In the last century, life expectancy has increased significantly due to medical advances and changes in lifestyle. As the aged population grows, the estimation and the modelling of mortality rates at very old ages

  • 24:33 A new toolkit for mortality data analytics

    A new toolkit for mortality data analytics

    by VICA2018 Added 173 Views / Likes

    Speakers: Sarah Kroemer, Wolfgang Stummer For the calculation of premiums, financial reserves, annuities, pension benefits, various benefits of social insurance programs, and many other quantities, a realistic representation of mortality rates is of funda

  • 35:45 Passing the baton on to Sydney

    Passing the baton on to Sydney

    by VICA2018 Added 1,926 Views / Likes

  • 1:29:14 Plenary Session: Panel Discussion:

    Plenary Session: Panel Discussion: "Future of Regulation"

    by VICA2018 Added 496 Views / Likes

    Participants: Gabriel Bernardino, Yannick Hausmann, Felix Hufeld, Elise Liebers, Patrick Raaflaub, Victoria Saporta Moderation: Nils Dennstedt

  • 20:44 Blockchain – a new technology with high impact on insuranc...

    Blockchain – a new technology with high impact on insuranc...

    by VICA2018 Added 204 Views / Likes

    Speaker: Mathias Ott The definition of Bitcoin late in 2009 was not recognized to be a revolution in the financial industry. About ten years later a value of more than $2.000 per bitcoin can be observed, as well as a traded volume of $300.000.000 per day.

  • 26:52 Actuarial data science versus data protection – update aga...

    Actuarial data science versus data protection – update aga...

    by VICA2018 Added 240 Views / Likes

    Speaker: Stefan Nörtemann Due to technological progress in connection with Actuarial Data Science and Digitalization, summarized under the buzzword Big Data, a plethora of opportunities (insurance analytics) & challenges (innovative products) for

  • 32:33 Part of the problem or part of the solution – are actuarie...

    Part of the problem or part of the solution – are actuarie...

    by VICA2018 Added 143 Views / Likes

    Speaker:Esko Kivisaari Are actuaries neutral technicians when it comes to mitigation of climate change? Actuaries have expertise in valuing the future, for example when it comes to pension liabilities - should actuaries develop expertise to take into acco

  • 22:55 Behavioral characteristics of a unique group of individuals

    Behavioral characteristics of a unique group of individuals

    by VICA2018 Added 97 Views / Likes

    Speaker: Loïc Berger

  • 46:46 Consistent yield curve prediction

    Consistent yield curve prediction

    by VICA2018 Added 336 Views / Likes

    Speaker:Mario V. Wüthrich

  • 24:19 Excess frequency fitting for long tailed risks

    Excess frequency fitting for long tailed risks

    by VICA2018 Added 97 Views / Likes

    Speaker: Markus Knecht It is widespread practice in short tailed lines to model the large loss activity by fitting a distribution to the empirical samples available. This method does not extend in a straight forward manner to long tailed lines as the empi

  • 23:50 Integrating core non-life actuarial activities by incorporat...

    Integrating core non-life actuarial activities by incorporat...

    by VICA2018 Added 123 Views / Likes

    Speaker: Jurjen Boog The actuarial cycle links the core actuarial activities of non-life insurance: pricing, reserving, risk and performance management. However, in practice little communication exists between the models in each of the individual elements

  • 24:06 Application of classical reserving techniques alongside mach...

    Application of classical reserving techniques alongside mach...

    by VICA2018 Added 304 Views / Likes

    Speaker:Satraajeet Mukherjee Insurance companies deal with a lot of structured and unstructured claims data in their daily activities. With the growing popularity of big data and machine learning algorithms in other industries, there is a call for insuran

  • 26:50 Biometric risks in pension block portefeuilles

    Biometric risks in pension block portefeuilles

    by VICA2018 Added 82 Views / Likes

    Sven Wiesinger Over the last decade, a vivid market for pension block transactions has developed. Initially concentrated on the UK, market activities are spreading into increasingly more countries. Like any life and health insurance business, pension bloc

  • 23:21 Examining pension plan risk in an economic capital framework

    Examining pension plan risk in an economic capital framework

    by VICA2018 Added 90 Views / Likes

    Speakers: Steve Bonnar,Aniketh Pittea Although declining in popularity, employment-based defined benefit pension plans (EDBPP) still are expected to provide an important source of post-retirement income to many individuals in developed countries. Such pla

  • 26:21 Determination of retirement and eligibility ages: actuarial ...

    Determination of retirement and eligibility ages: actuarial ...

    by VICA2018 Added 93 Views / Likes

    Speaker:Assia Billig Increases in longevity and decreases in fertility have led to the aging of many countries' populations and to increases in old-age dependency ratios. At the same time, current interest rates in many countries are at very low levels. T

  • 21:04 The impact of risk classification in life & pension under So...

    The impact of risk classification in life & pension under So...

    by VICA2018 Added 118 Views / Likes

    Speaker: Alexander Bohnert An analysis of underwriting risk underwriting costs and classification systems Against the background of the demographic development with an ageing society and rising life expectancies in most industrialized countries, solutions

  • 21:22 Alternative funding models for high cost health technologies

    Alternative funding models for high cost health technologies

    by VICA2018 Added 96 Views / Likes

    Speakers: Didier Serre, Joanne Buckle High cost technologies, mostly targeting rare diseases and genetic disorders, are becoming a growing source of concern to public and private payers. The front-loaded budget impact of novel curative therapies, potentia

  • 1:32:43 Panel Discussion

    Panel Discussion "Future of Interests"

    by VICA2018 Added 221 Views / Likes

    Participants: Olav Cuiper, Alf Neumann, Andrew Rear, Corinne Trocellier, John Haley

  • 19:51 Approaches to capital requirements in health insurance

    Approaches to capital requirements in health insurance

    by VICA2018 Added 67 Views / Likes

    Speaker: Hanno Reich Health insurance markets and systems for health insurance vary widely globally. In particular private health insurance competes with or supplements the public health system. Thus a broad range of different products are offered in the

  • 38:49 Optional covers in German public health insurance

    Optional covers in German public health insurance

    by VICA2018 Added 56 Views / Likes

    Speaker: Hanno Reich The German legislator has introduced optional covers in German Public Health Insurance in 2007. In my presentation I will explain the background of this decision, the different products which were introduced in the market and details

  • 33:02 Results of the 3rd high cost claims analysis of phi in Germa...

    Results of the 3rd high cost claims analysis of phi in Germa...

    by VICA2018 Added 75 Views / Likes

    Speaker: Jürgen Fischer Munich Re is currently performing for the third time (after 2010 and 2014 and 2017) the so-called High Cost Claims analysis in the Private Health Insurance sector of Germany. A High Cost Claim (HCC) is defined as all benefits

  • 24:02 Valuation of non-life liabilities from claims triangles

    Valuation of non-life liabilities from claims triangles

    by VICA2018 Added 131 Views / Likes

    Speaker: Mathias Lindholm We introduce a complete program for the valuation of aggregate non-life insurance liability cash flows based on claims triangle data. The valuation is fully consistent with the principle of valuation by considering the costs asso

  • 24:03 Reserving 4.0 – a vision of real-time reserving

    Reserving 4.0 – a vision of real-time reserving

    by VICA2018 Added 359 Views / Likes

    Speaker: Marcel Wiedemann What if claims reserving could be done at the speed of light? We are proposing exactly that! Reserving 4.0 – our vision of real-time reserving, making it faster, more detailed as well as enhancing quality. But, why are we p

  • 24:18 A generalized loss ratio method dealing with uncertain volum...

    A generalized loss ratio method dealing with uncertain volum...

    by VICA2018 Added 110 Views / Likes

    Speaker: Ulrich Riegel Unlike chain ladder, the loss ratio method requires volume measures. Typically, these volumes are assumed to be known. In practice, however, accurate volume measures are rarely available. We interpret the available volumes as estima

  • 32:54 Managing risk and uncertainty at Munich Re

    Managing risk and uncertainty at Munich Re

    by VICA2018 Added 183 Views / Likes

    Speaker: Bernhard Kaufmann The insurance industry worldwide has faced numerous changes and innovations in recent years. These essentially arise from a changing global risk landscape, digitalisation, big data and automation, new regulatory demands. This pr

  • 44:03 Solutions to biometric, mortality and longevity risks

    Solutions to biometric, mortality and longevity risks

    by VICA2018 Added 122 Views / Likes

    Speaker:Stéphane Loisel In this talk, we present challenges related to understanding, modelling, hedging and monitoring longevity risk. We first describe longevity risk and its potential consequences for the insurance and pension industry. We then

  • 24:54 Expectiles omega ratios and stochastic dominance

    Expectiles omega ratios and stochastic dominance

    by VICA2018 Added 93 Views / Likes

    Speaker: Alfred Müller In the theory of risk measures expectiles have recently found increasing interest as they are the only risk measures that are coherent and elicitable. Comparing expectiles is mathematically equivalent to comparing Omega ratios,

  • 51:42 The importance of genetics on mortality and morbidity risk i...

    The importance of genetics on mortality and morbidity risk i...

    by VICA2018 Added 122 Views / Likes

    Speaker: Peter Banthorpe, Cathryn Lewis detailed health and lifestyle data. a study based on half a million lives in the uk biobank cohort RGA have sponsored a ground-breaking research project at King’s College London. The research focuses on predic

  • 32:13 Genetics and life insurance

    Genetics and life insurance

    by VICA2018 Added 282 Views / Likes

    Speakers: Jessica Chen, Damjan Vukcevic Modern-day genetic research has uncovered thousands of genetic variants that are associated with greater risk of common human diseases, such as cancer, heart disease and diabetes. These variants are generally common

  • 09:32 The European Actuarial Journal

    The European Actuarial Journal

    by VICA2018 Added 77 Views / Likes

    Speaker: Ralf Korn

  • 50:56 Neuronal networks applied to chain-ladder reserving

    Neuronal networks applied to chain-ladder reserving

    by VICA2018 Added 195 Views / Likes

    Speaker: Mario V. Wüthrich Classical claims reserving works on so-called claims reserving triangles which are aggregated insurance portfolios. A crucial assumption in classical claims reserving is that these aggregated portfolios are sufficiently hom

  • 28:11 Fatal shock models in large dimensions

    Fatal shock models in large dimensions

    by VICA2018 Added 73 Views / Likes

    A classical construction principle for dependent failure times is to consider shocks that destroy components within a system. The arrival times of shocks can destroy arbitrary subsets of the system, thus introducing dependence. The seminal model - based o

  • 28:00 Practical use of machine learning in non-life pricing – sm...

    Practical use of machine learning in non-life pricing – sm...

    by VICA2018 Added 269 Views / Likes

    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

  • 24:33 Machine learning vs actuarial methods in claim prediction

    Machine learning vs actuarial methods in claim prediction

    by VICA2018 Added 514 Views / Likes

    Speaker: Friedrich Loser Several claim prediction competitions on "Your Home of Data Science" kaggle.com were dominated and finally won by applying non-parametric machine learning methods, e.g. random forest and gradient tree boosting, instead of using pa

  • 21:36 Target benefits - a bold innovation in pension plan design

    Target benefits - a bold innovation in pension plan design

    by VICA2018 Added 108 Views / Likes

    Speaker: Randy Bauslaugh The global occupational retirement savings deficit is reportedly $70 trillion and growing. There are common factors contributing to this deficit in developed economies, including trends towards self-employment, conversion from def

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About

Another highlight of this ICA will be the very first Virtual ICA. Due to the support of a number of institutional partners from the actuarial community as well as several sections of the IAA, many sessions from the stages in Berlin will be broadcasted live online and provided as recorded sessions afterwards. This allows a much broader audience from all over the world to follow the high value content presented during the ICA and helps to secure this knowledge in a sustainable manner. Furthermore, due to the successful Call for Papers the VICA will also feature many online presentations of qualified authors that ICA could not offer a presentation slot in Berlin.

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