10 - 13 Oct 2022
Non-Life Pricing Using Statistical Techniques with R Applications
Non-Life insurance is facing many challenges ranging from fierce competition on the market or evolution in the distribution channel used by the consumers to evolution of the regulatory environment. Pricing is the central link between solvency, profitability and market shares (volume). Improving pricing practice encompasses several dimensions:
The aim of this web session is to present some advanced actuarial/statistical techniques used in non-life pricing or underwriting. The web session focuses on selected practical problems faced by pricing actuaries and product managers.
Organised by the EAA – European Actuarial Academy GmbH.
The web session is developed for non-life actuaries or statisticians but also for managers working in product development or risk management departments. There is no strong prerequisite but participants should ideally have basic knowledge of non-life pricing and R to participate in this web session. Attendees are encouraged to use a laptop computer with R installed as well as some useful packages (all the information will be provided after subscription). A basic knowledge of the R software is useful.
Technical RequirementsPlease check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure that you are joining the web session with a stable internet connection.
Purpose and Nature
Julie ZiansJulie holds a BSc. Mathematics from the University of Liège (ULg) and a MSc. Actuarial Sciences from the University of Louvain (UCL). She is a qualified actuary of the Institute of Actuaries in Belgium (IA|BE). Julie is a certified Programmer in SAS from the SAS institute and further programs regularly in R or Visual Basic. After a six months internship at Reacfin in 2011, she joined the firm 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.
Michaël LecuivreMichaël holds a Bachelor and Master in Physics from the Catholic University of Louvain (UCL) and a Master in Actuarial Sciences, also from the UCL. He is a qualified actuary of the Institute of Actuaries in Belgium (IA|BE) and also the winner of the IA|BE best master thesis in 2016.During his time as a consultant Michaël has worked on multiple Non-life missions such as Non-life technical pricing, profitability analysis, competition analysis, BSCR computations and aggregations under Solvency II, reporting optimization and finally risk management. All this allowed him to gain a good expertise in SAS, R and Python as well as a good knowledge of statistical models (GLM, GAM,GLMM …) and machine learning algorithms (regression trees, random forest, GBM …). Michaël is also a trainer at the “Data Science Certificate” organized by IA|BE in Belgium.
Xavier MaréchalXavier is founder and CEO of Reacfin. Xavier is 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 Master in Engineering (Applied Mathematics), MSc. Actuarial Sciences and MSc. Management. Xavier is a qualified actuary of the Institute of Actuaries in Belgium (IA|BE). Xavier has extensive experience in the actuarial field obtained during his 18 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 health modeling and ALM. After several years of intensive modeling activities in health, non-life and ALM, Xavier works now as reviewer and mentor for consultants. He performed several validation assignments and holds the actuarial function for a health insurance company.
Olivier SoupartOlivier is Manager at Reacfin. He holds a MSc. in Engineering and a MSc. in Actuarial Sciences with Cum Laude from the University of Louvain-La-Neuve (UCL). He is Qualified Actuary of the Institute of Actuaries of Belgium (IA|BE) and a certified Base Programmer for SAS. After a first career in banking as a senior IT engineer, he became an actuary and has acquired sound knowledge of IFRS17 and Solvency 2 frameworks (Non-Life, Health SLT). As a Consultant and an in-house Actuary, he worked on various fields such as insurance modelling, non-life reserving, product management and pricing.
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