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

2017.02.19 Invitation to a Course on Risk Management in Insurance at Salzburg University

The Salzburg Institute of Actuarial Studies is pleased to be sending out information for the course on Risk Management in Insurance: Principles and application of Solvency II in the context of value based and risk oriented management taking place at Salzburg University from 19th to 22nd April 2017.

The course is especially significant due to the introduction of Solvency II by 2016. The theoretical part covers all fundamentals of the risk function with respect to identification, measurement, controlling and reporting. The practical sessions address various aspects of a successful and effective implementation of Solvency II. It is designed not only for actuarial students, but also addresses experienced practitioners. For continuing professional development (CPD) the course counts as 21 hours.

http://www.sias.at/English.htm

2017.02.19 WG: ICA 2018 newsletter – special edition

I would like to inform you about the publication of our 1st announcement including the Call for Papers.

The scientific programm of the ICA 2018 includes up to 11 parallel sessions with about 100 slots for the presentation of submitted papers. Each parallel session will last 90 or 120 minutes and will contain a number of 30- to 45-minute talks. Actuaries, scientists and practitioners from around the world are encouraged to participate in shaping the program by submitting relevant, leading-edge ideas, research results and insights that will expand and grow the current body of actuarial knowledge.

The Scientific Committee has identified a wide range of regional and international actuarial topics and related subtopics. The main scientific topics for the ICA 2018 are related to eight different special-interest sections, reflecting the structure of the IAA Sections:

· AFIR/ERM (Financial Risk & ERM)
· ASTIN (Non-Life)
· IAAHS (Health)
· IAALS (Life)
· PBSS (Pensions Benefits & Social Security)
· IACA (Consulting)
· Professionalism
· Education

Authors who are interested to give a presentation at the ICA 2018 shall submit an abstract using the ICA 2018 online submission tool accessible via the ICA 2018 website, no later than 31 July 2017. A submission will include an abstract of 200 to 300 words, a description of the practical value of the submitted proposal, and an overview of related literature or other sources. Selected authors will be notified in November 2017.

All details including the list of topics and other interesting general information on the scientific and social program of ICA 2018 can be found in the attached 1st announcement and in our special edition of the ICA 2018 newsletter, released today.

2017.02.19 Invitation to join: IAA Webinar on ISAP 1A and ISAP 5

IAA Webinar on ISAP 1A and ISAP 5 Thursday, 2 March 2017 at two different times: 11:00 GMT and 21:00 GMT

In November 2016, The Council of the International Actuarial Association (IAA) adopted two new Model International Standards of Actuarial Practice (ISAPs):
1. International Standard of Actuarial Practice 1A (ISAP 1A- Governance of Models); and
2. International Standard of Actuarial Practice 5 (ISAP 5 – Insurer Enterprise Risk Models).

Like their predecessors, both ISAPs are model standards intended for adoption by actuarial standard-setting bodies, as appropriate.
The Actuarial Standards Committee (ASC) of the IAA will host a webinar on Thursday, 2 March 2017 at 11:00 GMT and 21:00 GMT to present the key aspects of these two ISAPs to IAA Member Associations and other interested parties.

Considering the wide geographic spread of the member associations, the webinar is offered at two different times during the day to maximise participation. The IAA invites its Member Associations and other interested parties to join this webinar to get a better understanding of these ISAPs and to raise any questions they may have.

Godfrey Perrott (ISAP 1A) and Al Beer (ISAP 5) will make presentations on what the ISAPs cover and why, and will then be available for questions.

To register for the webinar please click on your preferred option:
Option 1: Thursday, 2 March 2017 at 11:00 GMT
Option 2: Thursday, 2 March 2017 at 21:00 GMT

You may send any questions in advance by e-mail to technical.activities@actuaries.org.

This activity directly supports the IAA’s strategic objective 3 to promote the development and issuance actuarial standards in jurisdictions of all Full Member Associations and the global convergence of actuarial standards. To learn more about the work of the IAA in this area, please contact the Director of Technical Activities at the IAA Secretariat.

2017.02.15 Új álláshirdetések (Senior Lectureship in Actuarial Science)

A ’Társaság / Álláshirdetések’ oldalunkra új álláshirdetések kerültek fel. Az oldal elérhető itt.

2017.02.15 EAA Seminar: “Loss Reserving in Property and Casualty” on 12/13 June 2017 in Munich

Under Solvency II, reserving risk becomes one of the mayor drivers for solvency capital requirement in property and casualty insurance and therefore an adequate assessment of loss reserves and the underlying risk is a crucial issue not only under risk management aspects but also under a supervisory point-of-view.

With the aim to provide you with a deeper understanding of loss reserving methods and their application issues, we offer the new seminar “Loss Reserving in Property and Casualty” on 12 and 13 June 2017 in Munich, Germany. The event is based on the book “Handbook on Loss Reserving” (published in the EAA Series of Springer and edited by lecturers of this seminar) and will be useful for the daily work in particular for those who are involved or responsible for loss reserving. Every participant of the seminar will receive a free copy of the book onsite in addition.

Besides a broad introduction to traditional methods, the seminar also deals with more recent ones and a discussion of certain problems occurring in actuarial practice, like calculating best estimates and ranges of future losses. The seminar will alternate between the presentation of methodological concepts for loss reserving, practical examples and case studies in order to deepen the understanding of the different methods and their relevance in practical applications.

Are you interested in learning more about Loss Reserving? Then register now online and take part in our brand new seminar in Munich. The early-bird registration fee is € 840.00 plus 19% VAT and valid until 12 April 2017. After this date the fee will be € 970.00 plus 19% VAT.

You may 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.