Please note that the early-bird deadline for our seminar "Market Valuation Methods for Life Insurance" on 4/5 November 2014 in Amsterdam , The Netherlands, is coming up shortly. The EAA is offering this seminar in co-operation with the Dutch Actuarial Association.

The early-bird rate of € 790.00 plus 21% VAT is only valid until 23 September 2014! After this date, the fee will be € 970.00 plus 21% VAT.

In the context of IFRS norms, Embedded Value principles or Solvency II requirements, modern valuation of life and pension contingencies are a crucial point. For estimating liabilities market consistent principles are to be used. In particular, options embedded in the products must be considered and are of first importance. But unfortunately, market prices are generally not observable for insurance products and life options. As a consequence, the marked to market approach, relevant in modern finance, has to be adapted and moved to a marked to model technique with the main constraint of staying nevertheless as consistent as possible with market principles.

The seminar will present basic principles of such modern valuation methods especially designed for life insurance. Therefore, life actuaries or statisticians working in product development or risk management departments belong to the main target group. Practice of life insurance products and principles as well as a basic knowledge of options and stochastic finance are recommended.

The seminar will alternate between methodological concepts, practical examples and case studies (Excel) in order to ensure a comprehensive understanding of the techniques.

Additional information and a registration form can be found on our website . An overview on other upcoming events is enclosed as well.

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

Best regards,

Jana Schumacher