The Economic Scenario Generators (ESG) are at the core of stochastic models used by insurance companies. The applications of stochastic models are very diverse and include such applications as economic capital under Solvency II, ALM projections, dynamic hedging etc. Hence, practitioners have to keep abreast of the current ESG-related challenges and approaches to overcome these.

Therefore, we are again offering the supporting EAA Web Session "Economic Scenario Generators Part II: Advanced Training for ESG Practitioners" on 19 and 20 October 2021, from 9:00-12:30 CEST each day.

A broad overview of current ESG topics and their challenges will be provided in this web session. We will discuss credit risk models and good practices of their calibration and examine the volatility calibration challenges arising from the mismatch between the EIOPA-prescribed yield curves and the market yield curves used by quotation platforms. A Least Squares Monte Carlo case study will be discussed as well.

Already familiar with basic ESG concepts such as interest rate models or equity models? You are not afraid of some technical recipes from the ESG kitchen and keen to discuss the practices of ESG work in the context of the current market environment and regulatory requirements? Then book now and secure your place at the early birds rate of only € 300.00 plus 19% VAT until 7 September 2021. After this date, the fee for the online training is € 400.00 plus 19% VAT.

Please inform yourself on our website  or in this print version and use the online booking form to register. Y ou can also download   an overview of other upcoming events or find it  online .