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Esko Kivisaari |
The Heat is on
At least the early part of this summer has kept us concerned about what is happening with our climate. Continue reading “The Heat is On”
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Esko Kivisaari |
At least the early part of this summer has kept us concerned about what is happening with our climate. Continue reading “The Heat is On”
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Falco Valkenburg |
Actuaries of the 5th kind are data driven, critical, socially responsible financial decision makers. Professor emeritus Paul Embrechts, expert in the field of extreme value theory, suggested this in his key note address opening the third congress of actuaries in Lisbon on 6 June 2019. I immediately liked this. Continue reading “The 3rd European Congress of Actuaries ECA2019”
AAE issued a press release on the revised IFRS 17 Exposure Draft.
The July 2019 issue of The European Actuary has been published.
On the website of The European Actuary you can find all previous issues of the magazine.
The AAE issued a press release on the occasion of the 3rd European Congress of Actuaries.
The AAE has commented on EIOPA’s discussion paper on systemic risk and macroprudential policy in insurance (EIOPA-BoS/19-220). The AAE view can be downloaded here.
The European Insurance and Occupational Pensions Authority (EIOPA) issued a call for candidates to join an Expert Panel on the Pan-European Personal Pension Product (PEPP) Regulation.
Based on the forthcoming Regulation on PEPP, EIOPA is required to develop substantial policy and regulatory requirements for the effective implementation of the Regulation. It also mandates EIOPA to exercise a strong role in the future supervision of PEPPs. Hereby, EIOPA will provide for a central information hub on PEPP for all European citizens and competent authorities.
In particular, EIOPA is working on the PEPP Regulation’s empowerments for EIOPA, for which – in consultation with the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) as well as the European Central Bank (ECB) – a number of important draft technical standards need to be developed. Further, EIOPA is expected to provide technical advice to the European Commission regarding the areas where delegated acts are required.
In light of the policy perspective to design a PEPP that exhibits high quality product features around information provision, risk-mitigating techniques and a cost cap for the basic PEPP, the feedback and support from practitioners can allow EIOPA to find superior solutions and to develop smart policy advice that incentivises financial innovation for the benefit of the European consumer.
Therefore, EIOPA is setting up an Expert Panel on PEPP to inform EIOPA’s policy work, to test policy proposals and to act as sounding board supporting EIOPA delivering on its mandate. The main tasks of the Expert Panel on PEPP will be:
EIOPA is seeking for highly knowledgeable professionals with extensive practical experience of designing personal pension products.
Further details about the call for expression of interest can be obtained via EIOPA’s Website. The deadline for applications is Tuesday, 21 May 2019 at 23:59 CET.
Today the AAE issued a press release with respect to the publication of the discussion paper ‘Meeting the Challenge of Ageing in the EU‘ . The press release is available here.
The March 2019 issue of The European Actuary has been published.
On the website of The European Actuary you can find all previous issues of the magazine.
The AAE has responded to the ESAs Joint Consultation Paper concerning amendments to the PRIIPS KID (ref. JC 2018 60). The press release can be found here.