Dear Sir or Madam
Because of the great success in the past, the EAA will again
offer a seminar based on the book "Stochastic Modeling - Theory and
Reality from an Actuarial Perspective" (© 2010 International
Actuarial Association) from 21 - 23 September 2015 in Brussels,
Belgium. We organise this seminar in cooperation with the
International Actuarial Association (IAA) and the Institute of
Actuaries in Belgium.
As recently as the mid-1990s, most models used in financial
analysis of insurance were deterministic. Based on sets of static
parameters and assumptions, these models largely ignored random
fluctuations that were likely to occur. Sensitivity analyses were
performed but were generally limited to a fixed number of defined
scenarios. This deterministic approach is rapidly being replaced by
stochastic modeling that can better inform insurers on pricing,
financial planning, and capital assessment strategies. Huge
advancements in computing power have made it possible for actuaries
and financial planners to better understand the increasingly
complex risk profiles of insurers' evolving product design.
The seminar intends to provide actuaries with a comprehensive
resource that details current stochastic methods, provides
background on the stochastic technique as well as their advantages
and disadvantages. The key speakers are primary authors who
contributed to Life and Non-Life sections of the book, and the
seminar will cover a wide range of topics presented in this
monograph, published by the IAA. In addition, all participants will
receive a copy of the book "Stochastic Modeling: Theory and Reality
from an Actuarial Perspective" with a value of CAD 125.00.
The early-bird
registration fee is € 790.00 plus 21 % VAT until 21 July
2015. Register now and benefit from this attractive offer!
After this date the fee will be € 970.00 plus 21 % VAT.
Please find additional information and a registration form on
our website. An overview on upcoming events is enclosed as
well.
If you have any questions, please do not hesitate to contact
us.
