AAE News

‘Theoretical risk margins differ from practical risk margins by different interpretations and imprecision’

16 September 2021

Are the differences in risk margins meaningful?

By Andrew Henning and David Kirk

ANDREW HENNING is an actuary
focussing on non-life insurance
and financial modelling with
Milliman.
DAVID KIRK is a principal and consulting
actuary with Milliman in Africa, specialising in
financial reporting, market entry, and mergers
and acquisitions.

The risk margins included in technical provisions for solvency reporting are not the same across different regulatory regimes.

This is true even where the underlying principles guiding the regulatory approach seems quite similar. Some of these differences are subtle, but others reflect a fundamentally different view on the purpose of the risk margin.

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. 27 – September 2021

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‘Six scenarios to anticipate on global warming and the financial impacts’

13 September 2021

Climate risk

By Ben Carr

BEN CARR is analytics and capital modelling director at Aviva plc.

The Paris Agreement came into force on 4 November 2016 and has been ratified by 185 countries to date. It aims to strengthen the global response to the threat of climate change by keeping global temperature rises to well below 2°C above pre-industrial levels.

Read the full article here.

 

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. 27 – September 2021

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‘Managing a pandemic from a risk point of view’

8 September 2021

Managing pandemic risk

Esko Kivisaari is the Immediate Past Chairperson at Actuarial Association of Europe. He sat down with Jennifer Baker to talk about the impact of the COVID-19 pandemic on the industry.

 

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. 27 – September 2021

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AAE responds to EIOPA’s Consultation on technical advice on pension tracking services

AAE submitted a response to EIOPA’s Consultation on technical advice on pension tracking services.

AAE’s submission can be found here.

 

 

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AAE responds to EIOPA’s Consultation on technical advice on the development of pension dashboards and the collection of pensions data

AAE submitted a response to EIOPA’s Consultation on technical advice on the development of pension dashboards and the collection of pensions data.

AAE’s submission can be found here.

 

 

> Read more