ASTIN Section

Den Danske ASTIN Forening, The Danish ASTIN Society

Chair:  Sarah Kæstel-Bjerg

The Danish ASTIN Society was established in 1995 as a subdivision of the Danish Society of Actuaries. The association’s purpose is equivalent to the International ASTIN Association, thus contributing to spreading knowledge about the use of actuarial methods in non-life insurance.

In Denmark, we feel a specific connection to the International ASTIN Association and the creation of it, since the Dane Paul Johansen was one of the original founders and the first chairperson. Denmark still has a tradition of having an actuary on the ASTIN board and a lot of members. Actually, despite being a small country, the Danish Actuaries currently form the largest group of members within ASTIN.

The local Danish ASTIN chapter is also quite successful. It has evolved from being a small subdivision of the Actuarial Society to having more than half of the Danish qualified actuaries as members.

The local association’s activities typically consist of two all-day events each year, where various interesting topics related to the non-life insurance business are discussed. The aim is to present agendas that include a mixture of current hot topics in the industry and more theoretical talks. We also try to inspire participants with presentations about new areas, they do not work within their day to day job, but which nevertheless impact their assignments. At our events, we also place great emphasis on the possibilities of networking, which keeps people coming back and not wanting to miss out.

The events, which are called “ASTIN-days” are normally attended by more than 100 actuaries, which is a significant proportion of the number of Danish actuaries working on general insurance.

In addition to the biannual events, the association organizes study groups on relevant topics in non-life insurance and contributes to the planning of further training of non-life insurance actuaries through cooperation with the education committee within the Danish Actuarial Society.

The Board of the Danish ASTIN society is elected for one year at a time at the annual meeting, which is held together with the spring ASTIN-day. When the board is constituted, the emphasis is placed on a balance between practitioners and members with a more theoretical background, and on members being active within the actuarial society both locally and internationally. The latter is important to keep Danish ASTIN at the forefront of the newest developments within the actuarial field and to be able to attract interesting speakers from abroad via personal network.

Kirsten Sasady is the current chairperson and has been since 2015.

ISOA, ITALIAN ASTIN Local Chapter

Chair: Giampaolo Crenca and Giovanni Sammartini

The Italian ASTIN Chapter has been founded in 2019, its initiative starting with the Seminar held together (ASTIN/ISOA) in Milan – spring 2019.

ISOA is an Association established in Via delle Milizie 1, Rome. The founders were Istituto Italiano degli Attuari (scientific actuarial body) and the Actuarial National Board, public body that holds the official register (Albo) and chairs all the “Ordine degli Attuari” (Ordine) recognized by the law since 1942, responsible of the actuarial profession in Italy.

ISOA is the Italian representative of the Italian ASTIN Chapter: it is the vehicle through which all the international activities and relationships pass and includes all the Italian Fully Qualified Actuaries enrolled in the register (Albo), according to the law of 1942 and under the supervision of the Ordine, as provided by the law, managed by the Actuarial National Board chaired by Giampaolo Crenca who is also the Chairman of ISOA.

Giampaolo Crenca and Giovanni Sammartini are the leaders of the group. Giovanni Sammartini is the coordinator of the non-life insurance committee inside the Ordine since many years. The members of this committee are Fully Qualified Actuaries enrolled in the official register who have a great experience in different fields of non-life insurance, sector that in the last 15/20 years developed very much and thanks also to Solvency 2 continues to develop in all its aspects.

ISOA is particularly supported by the National Actuarial Board and the organization of the Ordine which    includes many  Committees and Working Groups.

Moreover, inside Ordine, a Scientific Committee is very active, and it is another important support.

The Italian non-life insurance market has increased very much in the last 15/20 years from the actuarial point of view, particularly about pricing, reserving and solvency 2.

The Actuarial Technique in general insurance is a very important matter in the Universities and it is included in the state exam in order to be enrolled in the Albo and to be named “Attuario”, that is to become “Fully Qualified Actuary”.

The Japanese ASTIN Chapter

Chair: Miyuki Ebisaki and Shigeo Watanabe

The Japanese ASTIN Chapter was formed in 2020 by volunteers of the ASTIN related study group of the Institute of Actuaries of Japan (IAJ), in order to strengthen the ties within the ASTIN community.
The Japanese ASTIN Chapter’s role follows ASTIN’s main one, which is to lead risk and actuarial professionals serving the non-life insurance industry globally by;

• Creating an environment that promotes continuing professional development among its members; and,
• Bridging the gap between academia and industry by driving innovation and fostering meaningful high-quality research in the field of non-life insurance economics and mathematics and their applications in quantitative risk management.

In 2019, the IAJ celebrated its 120th anniversary. During the annual meeting, we had Joint ASTIN / Casualty Actuarial Society Seminar with the contribution of the ASTIN board members. There had been few occasions to have such rich lectures of current topics such as data science, cyber risks, insurance ERM and solvency, delivered by selected international lecturers. This memorial event led to the formation of the Japanese ASTIN Chapter. This will enhance communication and exchange of knowledge with international ASTIN community, and also motivate us to present our ideas globally.

All the committee members of the Japanese ASTIN Chapter including two chairs are also the members of the ASTIN related study group of the IAJ. In addition, the leader of the study group takes the role of the chair of the Japanese ASTIN Chapter. The Japanese ASTIN Chapter collaborates with the study group in most of its activities.

The ASTIN related study group was found in 1986, in order to promote the actuarial research and study in non-life insurance. Currently, there are approximately 40 members in the study group. The activities include introduction of the papers in ASTIN Bulletin to the IAJ members, and presentation of their own studies both in the domestic meetings such as the IAJ’s annual meetings, and international congress such as ASTIN Colloquia. In the early days, the study group had focus on non-life actuarial studies, however, it expanded its activities into life insurance and financial areas. In recent years, the study group is enthusiastically working on predictive modelling.

ICA 2026 will be held in Tokyo. We are looking forward to thousands of actuaries to coming for the international event that happens for the first time in 50 years.