22 Apr 2020
Web Session: 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 web session 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 web session 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 show what a good data quality framework looks like, and which pitfalls should be avoided when building one. He will present a unifying data quality framework for actuarial calculations and show a practical case study in setting it up such a framework. The web session will also contain an outlook to modern methods like individual claims reserving, and the even higher levels of data quality management which will be required. This web session has been developed for all levels of 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.
The web session is open to all interested persons.
Technical requirements and test sessionPlease check with your IT department if your firewall and computer settings support web session participation (the programme GoToTraining is used for the web session). Please also make sure that you are joining the web session 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