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EAA Web Session 

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Credit risk arises from the potential that a borrower or counterparty fails to meet its financial obligations. This can be related to a deterioration of the financial or liquidity position of the counterparty ultimately leading to default. The sources and propagation of credit risk can be both specific and systemic. Insurers and banks are significantly exposed to this risk via their fixed income investments, loans and other recoverables requiring a proper understanding of the drivers and a tailored risk management.

This session aims at introducing credit risk modelling, management and comparing Basel III versus Solvency II approaches.

We will start the session by explaining PD and LGD models. Following this introduction, we will present the different credit risk quantifications and the capital charges for the bank versus insurance sector. We will then illustrate how to embed credit risk management within business and highlight the major trends recently observed in credit risk. We will end up with a concrete example and a quiz supporting key takeaways.

Your early-bird registration fee is € 120.00 plus 19% VAT for bookings by 30 January 2024. After this date, the fee will be € 170.00 plus 19% VAT.

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Coming soon...

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Calculation of Life Insurance Products by Means of Markov Chains | 24 January 2024

SCR Interest under Solvency II | 31 January 2024

Socio-Economic Mortality Curves | 1 February 2024

...and a lot more! Explore our website for more information or download our overview.

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actuarial-academy.com

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