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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.
further details
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.
further details
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.
further details
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