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4.5 of 5 Points

WEB SESSION

10 - 12 Jun 2024

Non-Life Reserving

As Insurance is being impacted by new and disruptive technology, how will actuarial reserving techniques be impacted? Whilst triangle methods have traditionally been seen as the key methods in the reserving area, this may be challenged in the future by more complex expectations, improving technology, modelling capabilities, etc.

Reserving practices are expected to keep changing, as the influences of big data and regulatory requirements continue to evolve.

The aim of this workshop is to

  • Refresh classical actuarial/statistical techniques used in non-life reserving (Gaap and Solvency 2).
  • Focus on some practical problems faced by reserving actuaries, by presenting practical examples.
  • Introduce more advanced techniques used in non-life reserving in order to open new perspectives on more granular reserving calculation, case estimates, etc.

Participants

This training course is designed for people with an actuarial background who wish to develop or refresh their knowledge in the field of non-life insurance reserving. A basic knowledge of the R programming language is strongly recommended in order to make the most of the lessons and examples.

Technical Requirements
Please 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.

Attendees are encouraged to install R as well as some useful packages (all the information will be provided after subscription) to work on the examples. A basic knowledge of the R software is useful.

Purpose and Nature

The seminar will alternate between methodological concepts and practical examples in order to ensure a comprehensive understanding of the techniques presented.

The instructor-led sessions will take place online over three days between 9:00 and 12:30.

The participants will be requested to look at 5 e-learning capsules (of around 30 minutes each):

  • Non-life premium and premium provision
  • Claims and claims provisions
  • An introduction to Solvency II
  • Supervised Machine Learning (part 1: error measure, decision tree, bagging, and random forest)
  • Supervised Machine Learning (part 2: gradient boosted methods, neural networks, support vector machine)

The participants will be requested to watch 1 recorded session (of around 30 minutes):

  • Generalized linear models

The e-learning capsules and recording contain pedagogical presentations of the concepts with examples. They can be followed by the participants whenever they want between the web sessions, as pre-requisites.

The examples are developed in R. We encourage participants to actively participate during the sessions.

Examples in e-learning capsules and during the sessions are based on our experience with Belgian companies but are not specific to Belgium and are rather applicable to most European countries.

Language

The language of the web session will be English.

Lecturers

Geoffrey Feraut
Geoffrey Feraut is a manager at Reacfin. He joined Reacfin in March 2020 after four years at Cigna Europe Risk Management Team. During his time with Cigna, Geoffrey built a good experience on Solvency II Pillar 1 and developed his technical skills in R. As a Reacfin consultant, he had the opportunity to value his Solvency II experience through a general support mission (Best Estimate and SCR calculation on a quarterly basis) as well as a support for the IMAP of an internal Non-Life reinsurance entity. Geoffrey is also involved on projects related to IFRS17. Geoffrey holds a Bachelor’s and Master’s Degrees in Physics as well as a Master’s Degree in Actuarial Sciences from the University of Louvain (UCLouvain). Geoffrey is a qualified actuary of the Institute of Actuaries in Belgium (IA|BE).
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4.5 of 5 Points

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