Dear Giampaolo

From an actuarial point of view, insurance is mostly perceived as a mathematical puzzle, waiting to be solved. Setting assumptions, making sure the most recent market developments are taken into account, checking that models and their output are appropriate reflections of the insured risks, etc. And that is certainly a good thing! However, looking at insurance from a societal point of view, it is so much more than that. Policyholders rely on insurance companies to be there in their time of need as most policies really become relevant to them in case of retirement, death, disability, accidents or all sorts of losses. Policyholders have to put a lot of trust in insurance companies, and that is not to be taken lightly. How can we as actuaries make sure we keep earning and even promote that trust? Or, in order to translate this to Solvency II requirements: "are we fit and proper?"

Solvency II Directive, article 42:
"Insurance and reinsurance undertakings shall ensure that all persons who effectively run the undertaking or have other key functions at all times fulfil the following requirements:
a)        their professional qualifications, knowledge and experience are adequate to enable sound and prudent management (fit); and
b)        they are of good repute and integrity (proper)."
 
But what does this requirement actually mean? And how does this translate into real life?

If you want to find answers to these questions, you are welcome to our seminar "Fit and Proper for Actuaries - (Not just) Fulfilling the Solvency II Directive" on 7/8 May 2018 in Amsterdam, The Netherlands, organized in co-operation with the Dutch Actuarieel Instituut (AI).

The early-bird registration fee is € 790.00 plus 21 % VAT until 7 March 2018. Register now and benefit from this attractive offer! After this date the fee will be € 970.00 plus 21 % VAT.

You may find all additional information in this print version as well as on our website where you will find the registration form. An overview on other upcoming events can be downloaded as well.

If you have any questions, please do not hesitate to contact us.

Best regards and we hope to be able to welcome you onsite.

Susanne Kade
Event Coordinator/Executive Assistant

EAA - European Actuarial Academy GmbH
Hohenstaufenring 47 - 51
50674 Cologne
GERMANY
Phone +49 221 912554-342
Fax +49 221 912554-9341
www.actuarial-academy.com