AAE News

The horizon for actuaries | a column by Giampaolo Crenca

4 January 2024

THE HORIZON FOR ACTUARIES

a column by Giampaolo Crenca

Giampaolo Crenca is Chairperson of the Actuarial Association of Europe

‘The horizon for actuaries is vast, and with passion, enthusiasm and courage, we are moving towards an evolution of the actuary capable of assisting decision-makers in evaluating risks from a global perspective.’

 

Read the column here.

 

Disclaimer:

This column represents the opinion of the author and not necessarily the opinion of the AAE.

This article was published in The European Actuary No. 36 – December 2023

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The challenges facing social security in our times

2 January 2024

THE CHALLENGES FACING SOCIAL SECURITY IN OUR TIMES

by Maria Economou

Maria Economou is AAE Chairperson for the Social Security sub Committee

Which are the ageing challenges and opportunities? How we can defend the public pension systems? How (and Why) peoples’ awareness on pensions issues should be raised?

With these questions, the Social Security Sub Committee (SSSC) addressed to the distinguished speakers who participated in the Social Security Forum in November to discuss the future of Social Security.

Read the 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. 36 – December 2023

> Read more

Catastrophe bonds as an important segment of insurance-linked securities

28 December 2023

CATASTROPHE BONDS AS AN IMPORTANT SEGMENT OF INSURANCE-LINKED SECURITIES

by Krzysztof BURNECKI

KRZYSZTOF BURNECKI  is Head of Academic Team at Actuarial Intelligence Triangle Limited Company, Actuary, Member of the Polish Society of Actuaries, Professor at Wroclaw University of Science and Technology. (supported by NCN grant no. 2022/47/B/HS4/02139)

Innovative risk-transfer solutions can help to close identified protection gaps and increase personal and societal resilience. In this context, the insurance-linked securities (ILS) market, as a form of alternative risk transfer,
has been at the forefront. The actuarial techniques play a key role in the valuation of catastrophe instruments.

 

Read the column 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. 36 – December 2023

> Read more

A view on actuarial modelling in insurance the digital age

26 December 2023

ACTUARIAL MODELLING IN THE DIGITAL AGE

by  Zuzanna CHMIELEWSKA

Zuzanna CHMIELEWSKA is an actuary at Triple A, Warsaw

In the insurance industry, we face the challenges of uncertainty and unpredictability, and actuaries are focused on managing them. Actuaries have a powerful tool in their arsenal: actuarial models. These models provide a methodical and data-driven approach to assessing and predicting future financial outcomes.

 

Read the 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. 36 – December 2023

> Read more

Innovation: showcasing banking expertise to actuarial societies

21 December 2023

SHOWCASING BANKING EXPERTISE TO  ACTUARIAL SOCIETIES IN THE AMERICAS

By Ronald KOZLOWSKI and Michael TICHAREVA

Ronald KOZLOWSKI is a Fellow of the Casualty Actuarial Society, and the CAS International Ambassador.
 Michael TICHAREVA is the Executive Chairman and Senior Actuary at South Africa’s Claxon Actuaries International. He is a Fellow of the Actuarial Society of
South Africa and a Fellow of the Institute of Actuaries. Michael is also the Chair of the IAA Banking Virtual Forum.

Actuaries are increasingly involved in banking practice in various jurisdictions around the world. South Africa and Australia currently lead, with banking practice for actuaries being well established. In South Africa, about 12% of actuarial professionals, roughly about 560 members of the Actuarial Society of South Africa, are involved in banking practice. In North America and Europe, the involvement of actuaries is still at its infancy, although there are also a number of individual actuarial professionals already involved in banking in those jurisdictions.

 

Read the 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. 36 – December 2023

> Read more