By Lutz Wilhelmy
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LUTZ WILHELMY is Chairperson of the Actuarial Association of Europe. | ||
In this article, I would like to highlight the goals of the AAE that the board has agreed on for 2023.
Moreover, I would like to contextualize our longer-term challenges.
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This article was published in The European Actuary No. 33 – March 2023
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| Zuzana Weber Slovakia |
Jozef Hancar Slovakia |
Rafael Moreno Ruiz Spain |
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| Giampaolo Crenca Italy |
Martin Oymanns Germany |
Henning Wergen Germany |
The field of actuarial practice has widened over recent years; actuaries are now found working not only in traditional areas but also in wider fields such as banking, data science and sustainability. This change can of course also be seen in the prospects that young career starters face on completion of their studies.
Disclaimer:
This article represents the opinion of the authors, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 33 – March 2023
By Sophie Le Goff, Pauline Baron and Rachel Jaoui
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| SOPHIE LE GOFF is Partner Insurance & Compliance at SIA Partners |
PAULINE BARON is Senior Consultant Insurance at SIA Partners |
RACHEL JAOUI is Consultant FSI at SIA Partners |
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After some years of seeming AI ‘prosperity’, the accumulation of scandals has shed light on the limitations to AI and have caught the eye of several regulators worldwide (UK, China, USA,…). Among them: the European Union, which is on its way to vote on the AI Act this year, with possible enforcement by 2025 or 2026 and notably high fines for non-compliance.
If this initiative by the EU Commission looks praiseworthy at first sight, digging into the details reveals several challenges and ambiguities which need to be clarified to assess the impact the text will have on companies, the main one being the distinction between what is considered a provider or a user. Notwithstanding, the major impacts on companies can already be assessed. What are they and how to cope with them?
Disclaimer:
This article represents the opinion of the authors, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 33 – March 2023
By Lori Shook
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LORI SHOOK is a London based coach, trainer, speaker and author. Her company, shooksvensen, supports organisations to become great places to work. | ||
Leading people can seem like a mystery. Why do they behave the way they do? At times motivated, inspired and engaged and other times surprisingly disruptive, resistant, irrational or irritable. Why can’t they (or rather, we) be more consistent and predictable?
Disclaimer:
This article represents the opinion of the author, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 33 – March 2023
Interview by Jennifer Baker
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MATEUSZ MAJ, the CEO of Vivadrive, has been an entrepreneur since 2012, co-founding technology startups and mentoring at the University of Warsaw Incubator. He is also a data analyst with seven years of experience as a ‘quant’ in the financial industry. | ||
Artificial intelligence has long held the promise of making our work lives easier. Now that promise is becoming a reality, thanks in part to new insurtech products, like those developed by Mateusz Maj.
A video of this interview is now available on actuview:
Disclaimer:
This article represents the opinion of the interviewee, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 33 – March 2023
AAE submitted a response to EIOPA’s Discussion paper on prudential treatment of sustainability risks.
AAE’s submission can be found here.
Submit the abstract for your presentation at the European Actuarial Day (EAD) on 27 June 2023 now!
The AAE invites all actuaries and experts on the continent as well as actuarial students to discuss the current professional challenges and opportunities arising from new fields of professional activity as well as from traditional work areas. The event’s program will put a special focus on the environment actuaries work and operate in and the fast development of this environment in the recent past and expectations for the future.
Main topics:
The EAD 2023 Program Committee welcomes abstracts, especially on the above-mentioned topics until 15 March 2023.
Click here for further information
Registration is open. Attendance is free of charge.
All relevant information can be found on www.ead2023.org.
The event is hosted by AAE and organized by the European Actuarial Academy.
Issue 33, March 2023 of The European Actuary has been published.
The theme of this issue is: Artificial Intelligence
Featured Articles:
Please visit the webpage of The European Actuary on the AAE website for prior issues or further details.
AAE submitted a response to the EIOPA’s Discussion Paper on Methodological Principles of Insurance Stress Testing – Cyber Component.
AAE’s submission can be found here.
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Esko Kivisaari Chairperson AAE Artificial Intelligence-Data Science Working Group |
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Artificial Intelligence (AI) has been a hot topic for a long time now, and is a development which promises to further transform many aspects of our lives. To understand what this could mean for actuaries, we should start from something we are certain of: data sets are the foundation for predictions which underpin risk measurement. Machine learning and other AI tools make it possible to consider vastly expanded data sets, and as such to potentially develop entirely new ways to evaluate and analyse risks.