26/27 Nov 2015 in Paris
Non-Life Pricing: Introduction to Pract. Implementation of Modern Techniques in R
Organised by the EAA - European Actuarial Academy GmbH
Non-Life insurance is facing a lot of challenges ranging from fierce competition on the market or evolution in the distribution channel used by the consumers to evolution of the regulatory environment (Solvency II, IFRS, etc.).
Pricing is the central link between solvency, profitability and market shares (volume). Improving pricing practice encompasses several dimensions:
The aim of this seminar is to present the actuarial/statistical techniques used in non-life pricing. This seminar is a strong introduction to these techniques and will be followed in the next few months by an advanced seminar of the EAA.
The seminar is specially developed for non-life actuaries or statisticians working in product development or risk management departments. A basic knowledge of non-life premium calculation mechanisms is useful but not necessary.
Attendees are encouraged to bring a laptop computer with R installed as well as some useful packages (all the information will be provided after subscription).
Purpose and Nature
The seminar will alternate between methodological concepts, practical examples and case studies in order to ensure a comprehensive understanding of the techniques.
Participants will have the opportunity to apply in the R software concepts they will have learned in the theoretical sessions, using fictitious data. They will adjust GLM models, understand how results should be interpreted, perform statistical (significance) tests, etc. Examples will be provided for standard lines of business (e.g. MTPL and Fire).
On the basis of a realistic database, the participants will have to propose an appropriate pricing structure taking into account the characteristics of the portfolio and possibly marketing constraints
The seminar will start with a half day introduction to R so that no specific knowledge of this software is required.
SAMUEL MAHY (Reacfin)Samuel graduated as a Civil Engineer in Applied Mathematics with an additional minor in Economy and also holds a Master in Actuarial Sciences. He is a qualified actuary of the Institute of Actuaries in Belgium (IA|BE) and involved in the Reinsurance and Non-Life Workgroup of the IA|BE. He is the Head of the Non-Life Center of Excellence at Reacfin. Samuel has been active 5 years in the reinsurance sector where he was involved in reinsurance pricing model developments. At the same time he was also the main responsible of the UK market portfolio profitability follow-up. Samuel joined Reacfin in June 2010 as a specialist in Non-Life Insurance and Reinsurance and he has acquired a sound knowledge of Solvency 2 frameworks (Non-Life, Health). As a director, he is involved in various missions as in the modelling, implementation and validation of pillar I deliverables (standard approach and (Partial) Internal models), reinsurance optimization, model documentation, non-life pricing model development for several lines of business, etc.
XAVIER MARÉCHAL (Reacfin)Xavier is founder and Managing partner of Reacfin. As the Head of the Innovation & Quality department he also leads the Centers of Excellence at Reacfin. Xavier is also one of the co-authors of: “Actuarial Modeling of Claim Counts: Risk Classification, Credibility and Bonus-Malus Systems” (Wiley, 2007). Xavier has obtained different academic degrees as: Civil Engineer in Applied Mathematics, MSc. Actuarial Sciences and MSc. Management. Xavier is a qualified actuary of the Institute of Actuaries in Belgium (IA|BE) and Member of the Non-Life workgroup of the IA|BE. Xavier has extensive experience in the actuarial field obtained during his 10 years as a principal consultant for many national and multinational insurance companies. He has gained a complementary experience in various fields going from Non-Life ratemaking and provisioning to life modeling and ALM. After several years of intensive modeling activities in life, non-life and ALM, Xavier works now as reviewer and mentor for consultants. He has also performed several validation assignments and holds the actuarial function for 2 health insurance companies.
JULIE ZIANS (Reacfin)Julie is a consultant at Reacfin. She holds a BSc. Mathematics from the University of Liège (ULg) and a MSc. Actuarial Sciences from the University of Louvain (UCL). After a six months internship at Reacfin in 2011, she joined the firm as an analyst in 2012. She is a member of the Non-Life Center of Excellence and has performed several projects in Non-Life Insurance (pricing and capital modelling) but also in Health Insurance. Julie is a certified Programmer in SAS from the SAS institute and further programs regularly in R or Visual Basic.
Venue & Accommodation
The seminar will take place at the
Mercure Paris La Villette216 Avenue Jean Jaurès75019 Paris, FranceHotel website
We have arranged special prices for accommodation. The special rate is € 150.00 per night, including breakfast (plus € 2.48 city tax). It is valid for bookings by 24 October 2015 out of our allotment “EAA Seminar”. Please book your accommodation directly with the hotel using this booking form. Kindly book early, as our allotment includes a limited number of rooms, and note the hotel's cancellation policy.