Save the date! European Actuarial Day – 27 June 2023

25 May 2023

		Lutz Wilhelmy AAE Chairperson

Open those diaries and calendar apps: European Actuarial Day is returning – and you are all invited to take part, free of charge!

The first European Actuarial Day was conceived in 2021 as a virtual conference to fill the gap left by the postponed European Congress of Actuaries. The event was a great success, featuring contributions from 40 speakers from all walks of the profession and ultimately reached an audience of more than 250 participants. So we have decided it’s time to bring it back – and with 600 people already registered to attend this time, it’s set to be even better.

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AAE meets stakeholders to discuss Solvency II and sustainability

3 May 2023

		Giampaolo Crenca AAE Vice-Chairperson
		Frank Schiller AAE Board member

In its role representing its professional actuarial members, a key function of the Actuarial Association of Europe (AAE) is maintaining meaningful and productive dialogue with leading participants and European agencies handling policies relevant to our field.

The AAE is regularly in contact with the most influential stakeholders, and we have been able to come to the table for meetings with Insurance Europe, the European Insurance & Occupational Pensions Authority (EIOPA) and the European Commission’s DG FISMA. We are optimistic that our recent input is already making a meaningful impact, specifically in terms of climate matters and the review of Solvency II.

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Supply chain management: Where are the actuaries of the future?

17 April 2023

Inga Helmane AAE Board member – Chairperson Communications Panel

Astronaut, nurse, firefighter… actuary? It may not be high on the list of childhood dreams, but for young people with talent in mathematics, a career as an actuary has a great deal to offer. However, it’s becoming increasingly clear that we need to work harder to get that message out.

For several years now, the Actuarial Association of Europe (AAE) has been gathering data to identify and monitor risks, and the issue of there being an adequate “supply” of new actuaries to meet changing professional demand is always in mind. Even though our membership is constantly on the increase, given that we expect actuaries to gain significance in more and more fields, continued growth is important. This naturally leads to related matters, namely: The risk of the actuarial profession becoming less appealing to career starters, experiencing shortages of necessary competencies, and losing relevance.

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AI: OK?

20 February 2023

Esko Kivisaari Chairperson AAE Artificial Intelligence-Data Science Working Group

Artificial Intelligence (AI) has been a hot topic for a long time now, and is a development which promises to further transform many aspects of our lives. To understand what this could mean for actuaries, we should start from something we are certain of: data sets are the foundation for predictions which underpin risk measurement. Machine learning and other AI tools make it possible to consider vastly expanded data sets, and as such to potentially develop entirely new ways to evaluate and analyse risks.

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New leaf or empty promise?

24 January 2023

		Jérôme Crugnola-Humbert Current Chairperson AAE Sustainability and Climate-related Risks Working Group
		Frank Schiller Past Chairperson AAE Sustainability and Climate-related Risks Working Group

It’s a familiar enough storyline, in fiction and in life: a protagonist who agrees to try again with the disappointing ex when they show up with lavish assurances that they’ve turned over a new leaf, they understand what you need from them, and they are ready to make it work this time. The appeal of an earnest promise is undeniable – but what happens when that promise is not backed up with action? Doesn’t each new letdown make the relationship a little less worthwhile to maintain?

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