Magyar Aktuárius Társaság Hungarian Actuarial Society International Actuarial Association Groupe Consultatif Actuariel Europeen

2020.02.10. Új álláshirdetés (Senior aktuárius)

A ’Társaság / Álláshirdetések’ oldalunkra új álláshirdetés került fel. Az oldal elérhető itt.

2020.02.18. EAA Seminar: “Understanding IFRS 17” on 18/19 June 2020 in Ljubljana, Slovenia

After almost 20 years of debates, outreach and Exposure Drafts, the IASB has finally published the new IFRS 17 standard for Insurance Contracts in 2017. The new standard will become effective on 1 January 2022 and will fundamentally change the way insurance companies present their obligations and their financial performance stemming from insurance contracts. Consequently, IFRS 17 has triggered major implementation projects at all insurance and reinsurance companies affected – and no company can afford to waste time!

Therefore join our seminar “Understanding IFRS 17” which is organised on 18/19 June 2020 in Ljubljana, Slovenia, in co-operation with the Slovensko Aktuarsko Drustvo!

A strong focus of this seminar lies on the accounting framework in which actuaries operate. It will address the specifics of all relevant insurance lines of business and highlight key conceptual topics and options the standard offers for implementation. It will refer to the transition period as well. The seminar will be useful for both finance and actuarial experts who are involved in IFRS 17 implementation or who are interested in the practical application of this ground-breaking new standard.

The goal of the two-day seminar is to provide participants with a comprehensive introduction to the new measurement, presentation and disclosure guidance for insurance contracts. It will cover life, health and non-life business, including the special guidance on direct participating contracts and shorter term non-life contracts and give useful examples.

In the seminar, we will first shed a light on the context of accounting for insurance contracts within the IFRS 17 framework. We will present and discuss the general concepts behind the new model and refer to the application of valuation models like the Variable Fee Approach (VFA) and the Premium Allocation Approach (PAA). The seminar will proceed with a discussion of topics specific to individual lines of business (highlighting topics still under discussion by the TRG and EFRAG), and summarize potential approaches and solutions. It will close with an overview over technical implementation approaches seen in various European markets.

Overall, the goal is to enable participants to understand the standard and help transferring the requirements into your specific situation. It is thus intended to prepare participants for model development, implementation, testing, reviewing and consulting with management, accounting and auditors.

The early-bird registration fee is € 840.00 plus 22% VAT for bookings by 18 April 2020. After this date, the fee will be € 990.00 plus 22% VAT.

Please find all additional information in this print version and on our website. An overview on other upcoming events can be downloaded as well.

2020.02.17. Solvencia II. tapasztalatok – PRIMA workshop, 2020.03.04

Március 4-én 16:30-tól 18:30-ig Szolvencia II. tapasztalatairól lesz workshop a PRMIA szervezésében. Részletek hamarosan.
A rendezvény akkreditálás alatt áll.

2020.02.14. EAA Seminar: “Economic Scenario Generators Part II: Advanced Seminar for ESG Practitioners” on 15/16 October 2020 in Stockholm, Sweden

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.

This seminar builds upon the contents of our introductory ESG seminar offered by the EAA in March 2020. We are now going to discuss advanced ESG related topics, eg.:

  • Practical ESG calibration challenges
  • Inflation modelling and application
  • Credit risk modelling challenges
  • Multi-economy modelling
  • ESG and Least Square Monte Carlo

We expect that the participants of this advanced seminar are familiar with basic ESG concepts such as interest rate models or equity models, are not afraid of some technical cooking recipes from the ESG kitchen and are keen to discuss the practicalities of ESG work in the context of the current market environment and regulatory requirements.

Join our EAA seminar “Economic Scenario Generators Part II: Advanced Seminar for ESG Practitioners” which is organised on 15/16 October 2020 in Stockholm, Sweden, in co-operation with the Svenska Aktuarieföreningen!

The early bird price is € 840.00 plus 25% VAT for bookings by 15 August 2020. After this date, the fee will be € 990.00 plus 25% VAT.

Please find all additional information in this print version as well as on our website. An overview on other upcoming events can be downloaded as well.

You are interested in this advanced seminar on ESG but would like to brush up on your knowledge of basic ESG concepts first? Join our seminar “An Introduction to Economic Scenario Generators and their Validation”! More information is available on our website.

2020.02.10. EAA Webinar “Data Quality, Validation and Movement Analysis – Requirements and Approaches to Manage Quality under Solvency II” on 22 April 2020 | 10:00 – 12:00 CES

Would you like to gain gain a deeper understanding of requirements and state of the art techniques for data quality management, validation and movement analysis in the context of Solvency II?

If so, we invite you to join our webinar “Data Quality, Validation and Movement Analysis – Requirements and Approaches to Manage Quality under Solvency II” on 22 April 2020 | 10:00 – 12:00 CEST. The registration fee for the webinar is € 100.00 plus 19 % VAT only.

Solvency II includes means for managing (data) quality at various points of the calculation of technical provisions and capital requirements, as well as in the validation activities which are overseen by the Actuarial Functions.

The webinar addresses the most prominent requirements for data quality, validation and movement analysis. It shows their interaction but also shortcomings, e.g. in terms of data quality within ORSA process.

Dr Clemens Frey will introduce the webinar by motivating the necessity for data quality management as well as validation of the results of actuarial calculations. He will show the requirements of Solvency II in this respect as well as concerning validation and movement analysis. Based on this, he will show what a good data quality framework looks like, and which pitfalls should be avoided when building one. He will present a unifying data quality framework for actuarial calculations and show a practical case study in setting it up such a framework.

The webinar will also contain an outlook to modern methods like individual claims reserving, and the even higher levels of data quality management which will be required.

Please find all additional information in this print version as well as on our website where you will find the registration form. An overview on other upcoming events can be downloaded as well.