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Newsletter on EAA Web
Sessions - Benefit from our Early Bird Rates
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Book now and save money!
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Benefit from the Early Bird discounts of many EAA's Web Sessions
taking place in March and April 2022 with early bird rates in
February 2022. Furthermore, you are invited to visit our
website for all published online trainings
here.
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Web Session: "Practical Machine Learning Applications in
Finance and Insurance" on 16 March 2022, 9:00-12:00
CET
Early bird until today!
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Artificial intelligence is currently on everybody's lips and
seems to be vital for industry to be successful at the market.
Researchers and practitioners are learning the basic techniques of
machine learning to develop new products and improve analyses
including forecasting, among others. We are highly interested in
improving processes and applications in companies, in particular to
make better decisions and developing high-end products. More and
more researchers from different disciplines use deep learning
techniques to understand and explain phenomena and relationships
better. This web session aims at introducing and building machine
learning techniques with the focus on regression and classification
problems. We consider the sound application on several practical
problems in finance and insurance. Hereby, we introduce how to
implement machine learning techniques in Python, with the goal to
put the participants in the position to solve any specific problem
of interest.
Your early-bird registration fee is € 150.00 plus
19% VAT until 2 February 2022. After this date,
the fee will be € 205.00 plus 19% VAT.
further details
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Web Session: "Communication for Actuaries" on 28-31
March 2022, 9:30-13:00 CEST
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The work that actuaries perform plays an important role in
society and in a wide variety of areas as the profession is also
developing in non-traditional fields. The most common challenge in
your work often refers to communicating your findings, results,
ideas and arguments to various stakeholders (e.g. non-actuaries)
who don't have that technical knowledge and who look at the
business from different angles.
As actuary, you feel safe in the universe of numbers and formulas
and less so in the universe of words and paragraphs because you
speak your own technical language. The course Communication for
Actuaries will help you to improve your communication skills so you
can achieve an effective communication, which will allow you to
achieve your objectives and make the desired impact with your
work.
The topics of this course are:
- Onboarding / Common communication
patterns / A first impression
- The audience / Target group /
Explanation of actuarial expression/ Virtual communication
- Types of human behavior &
communication / Learning styles
- Feedback / Discussion &
Negotiation
- Structure for reports &
presentations / The message
- The voice / The mindset / Common
communication models
- Master class (individual
presentations)
- Wrap-up / Take-aways / Conclusion
The communication topics 9.1.1. to 9.1.8. of the AAE Core
Syllabus are sufficiently to fully covered within this
course.
Your early-bird registration fee is € 600.00 plus
19% VAT until 14 February 2022. After this date,
the fee will be € 780.00 plus 19% VAT.
further details
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Web Session: "Machine Learning and Anomaly Detection" on
1 April 2022, 9:30-14:30 CEST
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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.
Nowadays, both data and models can be processed much faster than
before which means data-driven approaches to actuarial modelling
are being increasingly adopted by the insurance companies. The
amount of data being used by insurance companies for different
purposes has increased exponentially. As such, it is becoming more
difficult for actuaries to identify anomalies in data, models and
outputs. For example, some insurers apply Least Square Monte Carlo
methods to derive their Net Asset Value and Best Estimate Liability
proxy models. These models take a huge amount of data to perform
complex calculations. It is not possible for actuaries to
understand bad data and model behaviour by using traditional
methods given the amount of data involved.
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.
Your early-bird registration fee is € 200.00 plus
19% VAT until 18 February 2022. After this date,
the fee will be € 270.00 plus 19% VAT.
further details
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Web Session: "Reinsurance under IFRS17 for Life &
Health" on 5 April 2022, 9:00-12:15 CEST
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2022 is the first year of full application of the new IFRS17
standard. Insurers are now fully engaged in implementation. The
focus of the preparations has been on Insurance Contracts Issued
whilst the treatment of Reinsurance Held has not received much
attention. In this web session we provide insights into the
treatment of reinsurance of long-term contracts in the fields of
Life, Disability and Health insurance. Using examples we will give
participants a hands-on experience of how IFRS 17 changes the
presentation of reinsurance in the financial statements.
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.
Your early-bird registration fee is € 150.00 plus
19% VAT until 22 February 2022. After this date,
the fee will be € 205.00 plus 19% VAT.
further details
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Web Session: "Mathematical Modelling for Actuaries" on
6-7 April 2022, 9:00-17:00 CEST
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Actuaries are very experienced in modelling financial risks
either stemming from population dynamics or from random events.
Probability theory and statistics is their daily bread. But there
are many other phenomena out in the world without having a direct
financial impact but should be understood by actuaries as well.
This web session is about models which typically are not covered in
full by actuarial exams, but which could bring better insights to
risks actuaries have to price. We will show very general approaches
to set up models with applications from many different areas,
whether it is medicine, construction, meteorology, biology or
others. Of course, this web session can only be seen as an
introduction into modelling and cannot cover all interesting
models, but it should enable participants to find more in
literature or develop their own ideas.
The purpose of the online training is to open the mind for
problems which are by nature not actuarial but are very much linked
to typical actuarial questions. It should enable actuaries and risk
managers to think out of the box and find new ways to solve their
challenges.
This online training is very interactive, participants are
required to participate in several breakout sessions.
Your early-bird registration fee is € 600.00 plus
19% VAT until 23 February 2022. After this date,
the fee will be € 780.00 plus 19% VAT.
further details
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