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Web Session "IFRS 17 - Derivation of the Adjustment & its
Confidence Level" on 18 January 2022
Due to the high demand, our web session "IFRS 17 - Derivation
of the Adjustment & its Confidence Level" will be organised in
January 2002 for the second time.
Under IFRS 17, the Risk Adjustment is intended to measure the
compensation that the entity requires for bearing the uncertainty
associated with the amount and timing of the cash flows that arises
from non-financial risk. The IFRS 17 Risk Adjustment creates
challenges for both life and P&C (re)insurers such as how to
estimate it and how to determine the confidence level needed for
disclosure purposes.
This web session will first provide a presentation of the
challenges related to the derivation of the Risk Adjustment and the
fulfilment of the key IFRS 17 requirements related to its
calculation. This will be followed by a discussion about the
need for a proper confidence level disclosure methodology. The
presentation will then provide an overview of methodological
solutions and will include applications for both life and P&C
companies.
further details
Web Session "Introduction to Graph Theory for Actuaries" on 26/27
January 2022
Graph theory is not only an important part of mathematical
education. Its applications are widespread and of interest for
economics, chemistry, Informatics, biology and engineers. Graph
theory applies when net-like structures appear. That could be
computer networks, traffic systems, electronic circuits, chemical
compounds, economic relationships or social networks. In insurance
context, graphs occur in operational risk, cyber risk, customer
behaviour, reputational risk, natural catastrophes, climate change,
and many other contexts. To understand these kinds of networks is
essential for valuation of risk, developing measures or calculating
scenarios. Actuaries and risk managers are encouraged to learn
about these techniques for better modelling of non-linear
interrelated risks.
further details
Web Session "Practical Application of Clustering in Insurance" on
16 February 2022
The following topics will be covered:
- Introduction into K-Means Clustering and variants thereof
- Cluster validation
- Visualization techniques for clustering results such as
transformation or perturbation based approaches
- Brief introduction into the imputation of missing values in
pre-processing or during clustering
- Clustering of mixed data types (numerical and categorical
features)
The theoretical explanations will be accompanied by a practical
example in R on a public data set showcasing a typical insurance
application.
further details
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 "Communication for Actuaries" on 28-31 March
2022
The Communication for Actuaries course is tailor-made for
actuaries and the situations that you encounter. It is an
interactive training course that ensures that the theory is
immediately applied through various exercises (e.g. exchanges in
small groups, role-plays, discussions) that relate to terms or
situations of your day-to-day work.
The course is designed to give you a solid foundation on the topic
of communication and to practice what you learn so you can use the
gained knowledge in areas that are relevant for your work. The last
day offers you the opportunity to make a short presentation
specific to your work for which you will be given individual
feedback. At the end of the course, you will know exactly how to
tackle your next communication challenge.
The communication topics 9.1.1. to 9.1.8. of the AAE Core Syllabus
are sufficiently to fully covered within this course.
further details
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