‘How can you fix the financial system in order to fix the economy?’

10 June 2021

Adapt to survive

As we emerge from the Covid19 pandemic many things will look different, in particular how we built back better and become more resistant to risks. It has also put the looming threat of climate change centre stage.

Watch the short impression of the recorded interview here.

Read the full article here.

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. 26 – June 2021

Recipe for success

Monique Schuilenburg AAE Operations Manager

A different angle sometimes helps to put everything in perspective. Let me give you a look behind the scenes. I am taking the recently held EAD2021 as a reference, but frankly this is a blueprint for most of the AAE events regardless of the scale.

Preparation is key for everything we do and even more so for an event like EAD. As spectator or participant you may not be aware of the amount of work that needs to be done.

(more…)

‘How do you take lessons from the disrupted technology companies and building habits techniques?’

7 June 2021

Culture eats sustainability for breakfast

By Gus Badran and Servaas Houben

In line with the Paris agreement, the insurance sector has decided to give climate risk a formal role in the Solvency II framework. Although the inclusion of climate risk in Own Risk and Solvency Assessment (ORSA) and standard formula will induce insurance companies to be more aware of the effects of climate risk, the authors believe that without a change in culture it will be hard to embed climate risk into the DNA of insurance companies. Besides regulatory incentives like capital relief, a change in habits is required to not merely comply, but excel on the topic of sustainability.

Read the full article here.

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. 26 – June 2021

New edition of The European Actuary

1 June 2021

Issue 26, June 2021 of The European Actuary has been published.
The theme of this issue is Sustainability.

Featured Articles:

• Adapt to survive | Interview with Elena Višnar Malinovská, DG CLIMA
• Culture eats sustainability for breakfast | by Gus Badran and Servaas Houben
• German pension dashboard – finally getting started | by André Geilenkothen and Stefan Oecking
• Reform, resilience and recovery – Europe’s way forward | interview with Paolo Garonna
• How to monitor actuarial assumptions regarding claim frequency in practice? | by Stéphane Loisel
• Introduction to climate-related scenarios | by Micheline Dionne
• Monetary policy – the current trajectory is not sustainable | by Rob van Leeuwen

Please visit the webpage of The European Actuary on the AAE website for prior issues or further details.

AAE responds to ESAs Targeted consultation on the supervisory convergence and the single rulebook

21 May 2021

AAE submitted a response to ESA’s Targeted consultation on the supervisory convergence and the single rulebook.

AAE’s submission can be found here.