18 - 20 Jun 2014 in Tallinn
Actuarial Enterprise Risk Management
Organised by the EAA - European Actuarial Academy GmbH in cooperation with the Eesti Aktuaaride Liit.
In order to become a fully qualified member of your actuarial association, it is required to complete a course of study in line with the association’s syllabus and also to meet other conditions (e.g. work experience) required by the association. European actuarial associations which are a member of the Actuarial Association of Europe (AAE) have to meet the requirements as laid down in AAE Core Syllabus.
The EAA course on Actuarial Enterprise Risk Management consists of the following topics that are based on the new requirements of the AAE Core Syllabus which became effective beginning of 2014:
Actuarial Enterprise Risk Management- The general operating environment of the enterprise- Assessment of risks; risk types and risk measures- Design and pricing of products and/or services- Determination of assumptions and scenario setting- Reserving and valuation of liabilities- Risk mitigation- Asset Liability Management- Monitoring the experience and exposure to risk- Solvency and profitability of the enterprise and the management of capital- Quantitative Risk Management: risk modelling
The aim is to provide the technical skills to apply the principles and methodologies studied under actuarial technical subjects for the identification, quantification and management of risks.
Most of the subjects of Quantitative Risk Management and Solvency as given in the Core Syllabus will also be covered in this course in order to provide a grounding in the quantitative aspects of risk management.
The seminar is open to all persons who are interested in comprehensive skills on Actuarial Enterprise Risk Management, such as actuarial students, actuaries, risk and capital managers, controllers, supervisors and auditors.
Attendees are encouraged to bring a laptop computer with Microsoft Excel installed.
Recommended Literature: McNeil, Frey, Embrechts (2005), Princeton University Press, Quantitative Risk Management.
Purpose and Nature
Theo LanserEducation: Qualified Actuary in the Netherlands (AAG) and a Financial Risk Manager certified by the Global Association of Risk Professionals (FRM). Before 2002 Theo worked as a life and non-life actuary for Achmea. Theo worked from 2002 till 2006 as an actuarial expert for DNB on the supervision of insurance companies. In those years he also worked on the development of the Financial Assessment Framework (FTK), which for pension funds has become part of the Pension Act (January 2007). From 2007 – 2010 Theo was coordinating for AEGON NL the practical implementation of an Economic Framework. Since November 2010 Theo has been working for the department Capital Management & Policies and member of the Technical Working Group for Solvency II of AEGON. Starting from October 2014 he is managing the Financial and Underwriting Risk Management team of the Risk & Compliance department of Aegon NL.
Tom VeermanTom Veerman AAG RBA, Consulting Actuary, Triple A Risk Finance, the Netherlands, Education: Qualified Actuary in the Netherlands (AAG) and a Certified European Financial Analyst (CEFA). Prior to Triple A – Risk Finance, Tom was as a consultant for Towers Watson and Mercer in the Netherlands. He also worked in the Group Actuarial Department of Eureko/Achmea. In 2006, Tom decided to set up (together with partners) Triple A – Risk Finance, where he works as managing consultant for business line insurance with a main focus on issues with regard to enterprise risk management, economic capital, asset liability management and life insurance valuation.
Venue & Accommodation