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WEBINAR

22 Apr 2020

Webinar: Data Quality, Validation and Movement Analysis: Manage Quality under Solvency II

Solvency II includes means for managing (data) quality at various points of the calculation of technical provisions and capital requirements, as well as in the validation activities which are overseen by the Actuarial Functions.

The webinar addresses the most prominent requirements for data quality, validation and movement analysis. It shows their interaction but also shortcomings, e.g. in terms of data quality within ORSA process.

Dr Clemens Frey will introduce the webinar by motivating the necessity for data quality management as well as validation of the results of actuarial calculations. He will show the requirements of Solvency II in this respect as well as concerning validation and movement analysis. Based on this, he will present a well-proven, unifying data quality framework for actuarial calculations, and show practical means for implementing this framework in insurance companies.

The webinar will also contain detailed examples of practical tools for data quality management. In addition, it will be shown to what extent modern methods like individual claims reserving requires an even higher level in terms of data quality, despite this is not yet an explicit part of the regulation.  

This webinar has been developed for practitioners who want to gain a deeper understanding of requirements and state of the art techniques for data quality management, validation and movement analysis in the context of Solvency II.

Organised by the EAA - European Actuarial Academy GmbH.

Participants

The webinar is open to all interested persons.

Technical requirements and test session
Please check with your IT department if your firewall and computer settings support webinar participations (the programme GoToTraining is used for the webinar). Please also make sure that you are joining the webinar with a stable internet connection. 

On 1 April  10:00 – 10:30 CEST, there will be a test session offered to all registered participants to test the software.

Purpose and Nature

The aim of this webinar is to provide an overview of the Solvency II requirements on data quality, to present a practical framework of data quality and practical approaches to maintain and increase data quality in actuarial applications. The webinar also includes a case study to show practical applications in actuarial and regulatory contexts.

Language

The language of the webinar will be English.

Lecturers

Dr. Clemens Frey, Actuary DAV, CERA,
is Partner at a Big Consulting Firm since 2013. He leads Actuarial Services / Data and Analytics teams and has been responsible for coordinating IFRS17 activities in Germany since 2016. Clemens focuses on consulting in regulation and risk management (SII), accounting (IFRS17), the transformation of insurance companies towards the application of data and analytics and the implementation and use of machine learning. He is a member of the General Insurance, the Actuarial Data Science and the Accounting and Regulation Committees of the German Association of Actuaries (DAV), and also supports working groups and committees of AAE and IAA.

Participant Feedback

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