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Enroll Early, Learn Smart:
Unlock Your Early Bird Benefits 

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Seize the chance to think about prospective CPD trainings in the near future and capitalize on our early bird offerings.

Gear up for a journey of advancement with our upcoming web sessions scheduled for November and December.

These sessions will cover topics such as the new IFRS Balance Sheet, mathematical modelling, financial mathematics & risk measurement, cross-border business and asset management.

For a comprehensive array of discounted opportunities, navigate to our website, where a plethora of Web Sessions and CERA trainings await your exploration. Let this autumn be a season of elevated understanding and learning.

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Web Session 'How to Read the New IFRS Balance Sheet for Insurers' - Early Bird registration until today!
22 November 2023 | 9:00-12:15 CET

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The goal of this three-hour web session is to provide participants with a comprehensive introduction on the new IFRS reporting requirements for insurance contracts after go-live of IFRS 17. Focus will be the illustration of the new reporting requirements of IFRS 17 to "demystify" the new presentation requirements on the IFRS balance sheet and the statement(s) of financial performance (Profit and Loss as well as Other Comprehensive Income).

The web session will also briefly compare key aspects of the new reporting requirements to former IFRS 4-reporting practice, contain a brief summary of the main information which can be found within the new IFRS 17 reporting and cover the different aspects for primary and reinsurance related business.

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Web Session 'Mathematical Modelling for Actuaries' - Early Bird registration until tomorrow!
23/24 November 2023 | 9:00-17:00 CET 

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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.

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Web Session 'CERA 0: A Refresher Course in Financial Mathematics & Risk Measurement'
27/28 November 2023 | 9:00-15:45 CET 

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The web session "A Refresher Course in Financial Mathematics" gives an introduction to modern financial mathematics and derivative pricing. It is designed to prepare actuaries without adequate training in these fields for the quantitative parts of the CERA education. The web session is moreover an ideal learning opportunity for actuaries who want to become acquainted with or refresh their knowledge in these highly relevant fields.

The online course begins with a repetition of basic concepts in probability theory including characteristics of random variables such as moments and quantiles. In order to prepare the analysis of dynamic financial models we introduce the idea of conditional expectations and we discuss stochastic processes in discrete time. The online session continues with an introduction to financial mathematics. We study risk neutral valuation and the hedging of derivatives in discrete-time models.

The last part of the web session is devoted to an introduction to financial mathematics in continuous time. Topics covered include stochastic processes in continuous time such as Brownian motion and the Ito formula, the Black Scholes model and the pricing and hedging of simple stock and bond options. The web session consists of lectures interspersed by short exercise sessions where participants can apply the probabilistic techniques hands-on.

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Web Session 'Cross-Border: One Tariff for 27 EU countries?'
30 November 2023 | 10:00-12:30 CET

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Cross-Border business plays an important role in Europe's insurance industry. For anyone running this business, some topics are obvious. These are especially legal issues. Insurance supervision laws have been harmonized by Solvency, but not (yet) insurance contract laws or tax legislation.

Even if these laws have a substantial influence on the calculation of tariffs, the online training wants to give insights on how to keep the influence low and puts focus on actuarial issues.

Do we need 27 different mortality tables for 27 EU- countries?
What about differences in underwriting?
Questions like this will be discussed in the web session.

Without claiming to have experience from 27 EU countries, the referent will share his knowledge and experience about calculating same tariffs for more than 10 countries.

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Web Session 'Experience-Based Insights & Trends in Asset Management'
4 December 2023 | 9:30-11:45 CET

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The goal of this online web session is awareness of theory versus investment experiences. The course discusses 'obvious' shortcomings, like the fact that we trust models more than human experience, we rely on the figures from the past instead of the future, we think in % instead of €, we weigh loss more than profit, and we use High School math to arrive at an efficient portfolio.

Insights and experiences covered are, for example:

• The evolution of ALM
• Unexpected events
• Pitfalls in assumptions and reporting
• Coherent economic eras
• Risk perception
• Implementation glitches

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actuarial-academy.com

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