‘To what extent can mortality data from 2020 and 2021 be of use, given how abnormal these years have been?’

9 December 2021

Measuring mortality using 2020/2021 data

By Matthew Edwards and Steve Bale

MATTHEW EDWARDS is Chair, CMI.

STEVE BALE is Chair, CMI COVID-19 Working Party.

This article sets out the UK profession’s plans regarding the use of 2020 and 2021 data, in particular regarding pensioner, annuitant and life assurance mortality. To what extent can mortality data from 2020 and 2021 be of use, given how abnormal these years have been? Exactly the same question faces actuaries working in life insurance and pensions, in the UK and in virtually all countries affected by the COVID-19 epidemic. The underlying discussions and analysis have been conducted by the profession’s Continuous Mortality Investigation (CMI).

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. 28 – December 2021

New Chair Mária Kamenárová has plans to strengthen the brand of the European actuary and identified six goals to do so

6 December 2021

Setting targets for the AAE

Mária Kamenárová is the Chairperson at Actuarial Association of Europe. She sat down with Jennifer Baker to talk about the plans to strengthen the brand of the European actuary.

The Actuarial Association in Europe (AAE) has identified major goals. Delivering on these objectives is part of the responsibility of the Board of Directors of the AAE, which wants to develop the European actuarial profession so it is ready to provide objective, independent, professional advice to European institutions and stakeholders on all matters of actuarial relevance, in pursuit of the public interest and strengthen cooperation within the industry.

The Chair of the board, Mária Kamenárová, has a wealth of experience to draw upon to meet this challenge. She is currently Risk Manager at Swiss Re as well as the current President of the Slovak Society of Actuaries.

Read the full article here.

Disclaimer:

This article was published in The European Actuary No. 28 – December 2021

New edition of The European Actuary

30 November 2021

Issue 28, December 2021 of The European Actuary has been published.

Featured Articles:

• Setting targets for the AAE | Interview with Mária Kamenárová
• Measuring mortality using 2020/2021 data | by Matthew Edwards and Steve Bale
• Solvency II: an important step towards an amended framework | by Siegbert Baldauf
• News from the Italian Actuarial Congress – Evolving the actuarial manager to a global manager | by Giampaolo Crenca
• Why are people struggling with mental health conditions being denied cover? | by Esko Kivisaari
• A continuously developing profession in challenging time | by Jennifer Baker
• InsurTech: how to build a new insurance product? The example of Gaia, a London based start-up | by Floriane Moy
• Life and non-life insurance are the two sides of the Covid-19 coin | by Romain Durand

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

Winner of the prize for the best AAE slogan

25 November 2021

As communicated in the AAE General Assembly held on 1 October 2021, the new AAE Slogan is: advising, achieving, engaging.

Winner of the prize for the best slogan is Henning Wergen, who is a member of the ECA 2022 organising team.

Henning has generously decided to donate his prize to anyone of the members who took the effort to submit a slogan proposal.

A prize draw performed by Mária Kamenárová, chairperson of the AAE, resulted in Elina Tilta-Gerika (Latvia) to be awarded this prize. The AAE Board generously extended this prize to not only include a free ticket to ECA2022, but also to reimburse travel and hotel costs.

Elina will be contacted to make the appropriate arrangements.

Henning received a nice box of Belgian chocolate as thanks for his generous donation from Mária Kamenárová.

AAE responds to EIOPA’s Consultation on the revision of the Guidelines on Valuation of Technical Provisions

11 November 2021

AAE submitted a response to EIOPA’s Consultation on the revision of the Guidelines on Valuation of Technical Provisions.

AAE’s submission can be found here.