25 Nov 2020
The Future of Actuaries - Predicting what lies ahead
In the 2010s, the focus of actuarial activities was particularly on regulation and the implementation of (supervisory) legal requirements. With the web session "The Future of Actuaries" we will take a cross-national look into the near future and show which changes and requirements the actuarial profession will face in the 2020s. The latest results of a worldwide PwC study on the topic of "Actuarial Modernisation" will be considered.
Robotic Process Automation, Data Science, Artificial Intelligence, Blockchain, Cloud and other terms illustrate the dynamic change in the insurance industry due to digitalisation. The new tools that come with this change will have a lasting effect on the day-to-day work of actuaries. Previously established interfaces between sectors and departments are shifting and new players are developing technical and mathematical fields of activity in insurance companies.
Actuaries should therefore continue to develop themselves, their role and their field in order to achieve the company's goals of growth, efficiency and profitability. Professional skills and expertise should be used effectively where judgment is important, and activities cannot be easily automated.
In this sense, the session is to point out the future development in the field of actuarial work. For this purpose, examples of modern digital tools and methods will be given with which actuaries can work better and more effectively. Because this is clear: from today's perspective, actuaries will be needed more than ever in the future - provided they position themselves correctly!
Organised by the EAA - European Actuarial Academy GmbH.
All actuaries and those who want to become actuaries are addressed as participants.
Technical requirementsPlease check with your IT department if your firewall and computer settings support web session participation (the programme GotoTraining/GotoWebinar is used for the web session). Please also make sure that you are joining the web session with a stable internet connection.
Purpose and Nature
David RichterDavid Richter is part of the leadership of PwC Actuarial Services Germany, where he is responsible for the topic "Actuarial Modernisation". He is an experienced speaker for DAA and EAA and has been a member of numerous DAV working groups in recent years. David will provide market insights from his projects involving "Actuarial Modernisation" and share his own experience of digital development in the global PwC network.
Jette Lunding SandqvistJette Lunding Sandqvist is Chairman of the Danish Actuarial Association and M.Sc. in Actuarial Mathematics from the University of Copenhagen. She has 26 years experience and is Head of the Actuarial department in Denmark. Jette as experience within Life- and Nonlife-Insurance, and Risk Management as CRO, responsible for implementation of Solvency II. Jette is part of PwC Global 'Actuary of the future' group as the representative from EMEA. Jette will share her thoughts about the journey the Actuaries has been through - and where Actuaries still need to upskill to stay relevant and competent in the future.
Pavel KostyuchenkoPavel Kostyuchenko is a UK qualified actuary, leading the PwC Actuarial Services practice in Luxembourg. Pavel is specialising in providing insight and solutions for all businesses facing significant and complex risks, including non-insurers, such as infrastructures, public sector, etc. He is one of the drivers of the "Actuary of the Future" programme at PwC Europe. Pavel will share his practical experience on how the traditional roles of actuaries can be expanded across new domains to help us to secure our future in a digital world.
Julia MayerJulia Mayer is a Senior Manager within the Actuarial Services Team of PricewaterhouseCoopers GmbH WPG. Her focus is on topics surrounding the non life insurance sector, in particular regarding actuarial process optimisation and automatisation. Julia has eight years of experience working in consulting as well as audit projects and is part of the working group on Actuarial modernisation in Germany.
Janet von FellenbergJanet von Fellenberg is a Senior Manager within the Actuarial Services team of PwC, Zurich, Her focus is on the non life insurance sector, in particular regarding reserving, portfolio analyses, pricing and model implementation as well as Solvency II, Market Value Balance Sheet and risk capital models. In addition, Janet has comprehensive expertise in statistical analysis.
Lars OehlmannLars Oehlmann is a qualified actuary within the German Actuarial Association and a Manager within the Actuarial Services Team of PricewaterhouseCoopers GmbH WPG focusing on topics surrounding the valuation and accounting of life insurance business. Lars has five years of experience working in consulting and audit projects and part of the working group on Actuarial modernisation in Germany.