21/10/2021

EAA Event Newsletter 10/2021 ­

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­ Web Session
Practical Machine Learning Applications in Finance and Insurance
12 November 2021 | 9:00-12:00 CET

The aim of this web session is to familiarise participants with machine learning techniques used to solve practical problems in finance, banking and insurance. We start from scratch and introduce the machine learning techniques step by step: First, we give an overview of this interesting field, focusing on different techniques such as neural networks and others. The key to efficient application lies in the way machine learning algorithms are trained, which is why we also focus our attention on this optimisation. In addition, we deepen what we have learned by means of various case studies.

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Today we would like to highlight four online events that we are proud to host in the next few weeks: ­
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­ Web Session
Professionalism Plus - Ethics for Enhanced Professionalism
2 & 9 November 2021 | 9:30-17:00 CET

This course is about augmenting your professionalism skills to enhance both your self-interest and your capacity to create win-win outcomes from your professional interactions. The course is a mixture of theory and practical examples with an optional additional practical assignment. The practical examples will cover techniques to help with problem solving, making difficult decisions, managing risk and improving your communication skills. After the course, attendees will have an improved wherewithal to assess character, develop their own character, resolve ethical dilemmas and more generally, to act prudently and responsibly in their interest and in the interests of others.

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­ Web Session
Long-Term Care Insurance Living Benefits: Risk Profiles
5 November 2021 | 10:00-12:00 CET

In this web session, we first describe the basic features of long-term care insurance products which provide living benefits, that is lifelong or term annuities. We then present and discuss the numerical results of a sensitivity analysis aimed at assessing the exposure of diverse products to the risk caused by uncertainty in the biometric assumptions. As LTCI products are rather recent, scarcity of data and data quality cause a significant exposure to the uncertainty risk inherent in the choice of the biometric bases. A sensitivity analysis then allows us to quantify, for diverse products, the degree of exposure to this risk.

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­ Web Session
Longevity Heterogeneity and Pension Schemes
10 November 2021 | 10:00-12:00 CET

The objective of this web session is to address the effect of longevity heterogeneity on the design of pension schemes, especially for social security mechanisms. We first present different figures showing the socio economic gap in terms of life expectancy. Then we evaluate the effect of such inequalities on traditional pension plans and illustrate some regressive aspects. Finally, we present different possible mechanisms in order to compensate partially or totally these effects (individualised retirement age, individualised annuity rates, progressive formula, two tier approaches).

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­ actuarial-academy.com ­
Further online trainings to be held this year: ­
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28/29 October 2021 |  Macro-Level Actuarial Reserving

17 November 2021 | Latest Trends in Life Products

22/23 November 2021 |  Mathematical Modelling for Actuaries

25 November 2021 |  Advanced Concepts of Clustering in Insurance

30 November 2021 |  EAA's 2nd Climate Day: Risks and Opportunities for the Insurance Industry

1/2 December 2021 | Understanding IFRS 17

6/7 December 2021 | CERA, Module 0: A Refresher Course in Financial Mathematics and Risk Measurement

Explore the overview of all already published upcoming events on our website for more information.
 

actuarial-academy.com ­
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