Te invitamos a participar en el webinar “La mujer actuaria: identidad, impacto y futuro en la profesión” Únete a esta reflexión sobre la identidad y el impacto de la mujer actuaria en la profesión. Exploraremos más allá de las experiencias […]
AFIR-ERM Webinar: Optimal Preventive Strategies in Insurance Risk Models
We develop an integrated framework for optimal risk management in insurance that considers preventive strategies and/or risk sharing in risk models. We model an insurer facing risks whose frequency and severity can be influenced by preventive efforts, as well as by exogenous risk-sharing instruments. Within a dynamic risk model, we formalize the insurer’s problem as either minimizing ruin probabilities or maximizing a mean–variance criterion for the terminal surplus process, while accounting for the implementation costs of preventive measures and the cost of risk transfer. We derive analytical conditions characterizing the optimal prevention efforts and optimal risk-sharing structure, and we study how these choices depend on risk characteristics. Numerical illustrations based on classical risk models show that jointly optimizing prevention and risk sharing can substantially reduce ruin probabilities compared to treating these instruments in isolation.
This webinar will introduce the IAA AI Task Force and provide an overview of the “Case Studies & Tools” workstream and its objectives.
It will include a walkthrough of the Task Force’s GitHub account and repositories, explaining how they are structured, how they function, and how participants can explore and contribute to them. The session will then present the GitHub case study collection, including a more detailed walkthrough of one developed case study to illustrate how AI can be applied to a practical actuarial problem.
In the first part of this webinar, we will analyze the effect of using weighted maximum likelihood estimation for survival models where the assigned weights depend on the sum assured – a common practice in life insurance to focus on the financial consequences of survivorship. In this context, we consider how these estimates may change when more granular mortality models are used that are based on the socioeconomic characteristics of policyholders.
During the presentation, we will highlight several practical considerations for developing weighted models for liability estimation and discuss the impact of such approaches on annuity liabilities. To illustrate this, we will present results using a real-world insurance dataset providing survival information on individuals who purchased annuities between 2015 and 2022 in the Netherlands. The analysis will include a financial test of fit to evaluate the performance of models.
In the second part of the webinar, we will discuss research findings on the potential influence of socioeconomic factors on annuitants' longevity, based on publicly available, area-level indicators. The analysis will present detailed results on variables that could be useful for modelling policyholder mortality in the Netherlands, and will compare these with the traditional approach of using age, gender and pension information as covariates.
Join the International Actuarial Association (IAA), Verisk and Moody’s for a webinar that examines the evolving landscape of climate risk and catastrophe (CAT) modeling, with a focus on how advancements in modeling methodologies are shaping risk assessment across the insurance and reinsurance industry.
In this webinar, presenters from Moody’s and Verisk will deliver a joint presentation offering a high level overview of CAT modeling, drawing on perspectives from both organizations. The presenters will collaboratively cover key concepts and developments on how climate is expressed within catastrophe models, areas of active study and speak to treatments across different peril types. The webinar will conclude with an interactive question and answer and discussion period, allowing attendees to engage directly with the presenters and explore practical considerations, emerging trends, and implications for modeling and decision making in a changing risk environment.
AFIR-ERM Webinar: Adaptability to the Chinese Market of Longevity Risk Reinsurance Solutions: A Case Study Based on an Index-Based Stop-Loss Reinsurance Structure
The purpose of the IAA is to encourage the development of a global profession, which will ensure that the public interest is served. A key component in achieving the goals of the IAA is the work that is carried out […]
The International Congress of Actuaries (ICA) is a conference held under the auspices of the International Actuarial Association every three years. The 33rd International Congress of Actuaries (ICA 2026) will hosted by the Institute of Actuaries of Japan and will […]
The purpose of the IAA is to encourage the development of a global profession, which will ensure that the public interest is served. A key component in achieving the goals of the IAA is the work that is carried out […]
From May 19th to 21st 2027, ILAC has the pleasure to host in Luxembourg the next Joint Colloquium ("JoCo") of all International Actuarial Association Sections (AFIR-ERM, ASTIN IAAHS, IAALS, IACA and PBSS).The conference will be held under the theme: Actuarial […]
The International Congress of Actuaries (ICA) is a conference held under the auspices of the International Actuarial Association every three years. The 34th International Congress of Actuaries (ICA 2026) will hosted by the Actuarial Society of Kenya and will be […]
