In memoriam Ad Kok

Dear Members of the Actuarial Community,


It is with deep sadness that we share the news of the passing of Ad Kok.


Ad was a longstanding and esteemed member of the AAE (formerly Groupe Consultatif), where he held various pivotal roles, including Chairperson in 2007-2008 and Chairperson of the Freedoms Committee (now the Professionalism Committee) from 2002-2006.

Serving as the Chief Executive Officer of the AAE from 2013 to 2019, Ad’s dedication to the development of the actuarial profession was exemplary.


In recognition of his unwavering commitment, he was elected as an AAE Honorary Member in 2021.


Ad’s influence extended well beyond our organization; he was widely respected in the international actuarial community and earned honorary memberships from IFoA (Hon FIA) and the Royal Dutch Actuarial Association (erelid).


We extend our deepest condolences to Ad’s family and loved ones as they navigate this profound loss.


Ad will be remembered as a gentle and capable man, and his absence leaves a void that will be deeply felt.

Prof. Ermanno Pitacco passed away


Today the sad news reached us that Prof. Ermanno Pitacco passed away.

For many, many years he was an active member and well respected colleague in the AAE Education Committee. His contribution to the development of the actuarial profession not only in Italy but also in Europe was significant. We will always remember his open-minded kindness.

Our hearts go out to his family and friends and we wish them all the best in dealing with this tremendous loss.


26 September 2022

EIOPA: updated technical methodology documentation for RFR term structures for Solvency II

EIOPA has today published an update of the technical documentation of the methodology to derive the risk-free interest rate term structures (see here). The update relates to changes of the financial instruments used to derive the risk-free interest rates to reflect market developments, and is in line with the announcement of 1 July 2016 (see here). EIOPA decided not to change the financial instruments to derive the risk-free interest rates for the Swiss franc.

EIOPA also updated one of the output files in the end-November 2016 RFR monthly publication. The file “EIOPA_RFR_20161130_VA_portfolios” was replaced in line with the update of representative portfolios of September 2016. Part of the end-November RFR was based on the portfolio before this update. This has had no impact on the published volatility adjustments. Also the risk-free interest rates and the fundamental spreads were not affected.