Dear Sir or Madam,

Please note that the early-bird deadline for the EAA seminar"Risk Management in Life Insurance and Variable Annuities" on7/8 April 2014 in Helsinki, Finlandis coming up: Theearly-bird registration feeis 790.00 € plus 24 % VATuntil 10 February 2014. After this date, the fee will be 970.00 € plus 24 % VAT. Register now and benefit from the early-bird fee!

Compared with 20 years ago, the current economic environment is characterised by much higher risks and also by a rapid change in the product portfolios of many insurance companies. Whereas interest rates were considerably higher in the 1980's and 1990's, equity markets had very good returns. This is not now the case and in consequence some insurance companies face adversities in terms of ALM and product design. At the same time products with embedded options, both implicitly given to policyholders (such as in a with-profits fund) and also those which are explicitly sold to the policyholder in the context of variable annuities, have become more and more popular.

Both these trends necessitate a strengthening of risk management in the insurance industry and a better understanding of the underlying concepts. This seminar aims to cover these topics in some greater detail.

The key focus of the seminar is to put theory into practice. This means that the seminar is split into two sections, one where theory and concepts are presented, followed by a concrete application and implementation. The former section will be based on the book 'Life Insurance Risk Management Essentials' (by Prof Dr Michael Koller, published in the EAA Series of Springer) and an additional paper regarding variable annuities. All participants will receive a copy of the book 'Life Insurance Risk Management Essentials'.

Please find additional information attached and on our website incl. a registration form. An overview on upcoming events is enclosed as well.  

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

Best regards

Markéta Zuzanek
Executive Assistant

EAA - European Actuarial Academy GmbH

Hohenstaufenring 47 - 51

50674 Cologne

Germany

Tel. +49 (0) 221 912554 - 40

Fax +49 (0) 221 912554 - 45

Marketa.Zuzanek@aktuar.de

www.actuarial-academy.com

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