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Web Session "Operational Risk for Actuaries" on 3/4 March 2022
Operational risk is the risk of loss, arising from inadequate or failed internal processes, people and systems or from external events. That is the definition of operational risk for regulatory purposes. Operational risk management is usually part of ERM and actuaries are typically not involved in these processes. That is often because of poor data related to rare events and some lack of methodologies. The goal of this web session is to provide actuaries with tools and ideas how to better involve in operational risk management and how to use existing actuarial toolboxes to improve valuation of operational risk.
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Web Session "Machine Learning and Anomaly Detection" on 1 April 2022
Machine Learning (ML) allows computers to process data, analyse it in real time and learn and make decisions based on data. Diverse applications from self-driving cars to chess computers have successfully relied on ML.
While the insurance industry is not necessarily known for being particularly innovative, insurance companies are increasingly embracing approaches commonly used in ML to address business challenges in different areas. Actuaries and data scientists apply ML to claim management, underwriting or customer service.
In this web session, we are going to discuss how techniques commonly used by data scientist in ML applications can help actuaries detect/remove bad data and significantly improve forecasting abilities of modern actuarial models.
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Web Session "Reinsurance under IFRS17 for Life & Health" on 5 April 2022
We will start out with general concepts for the presentation of Reinsurance Held under IFRS17. Next, we will move on to practical examples of various types of reinsurance solutions. For long-term Life, Disability and Health business we will cover examples of both proportional and non-proportional reinsurance. Furthermore, we will shed light on the treatment of cash and non-cash financings. To conclude this session we will make a comparison with the previous treatment under IFRS4 and analyse mismatches between Insurance Contracts Issued and Reinsurance Held.
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Further Trainings in 2021 and 2022

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