Did you register for EAD 2021 yet? If not, now is the time to do so!

10 May 2021

Inga Helmane Member AAE Communications WG and AAE Board member

On 2 and 3 June 2021, the Actuarial Association of Europe in cooperation with the European Actuarial Academy will hold the first European Actuarial Days (EAD).

With the next European Congress of Actuaries postponed until 2022 due to the ongoing corona pandemic, the AAE has decided to host the European Actuarial Days in order to offer a unique CPD possibility to all European actuaries in 2021 as well as a possibility for knowledge transfer and networking.

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We need your help to find the AAE’s slogan!

20 April 2021

Gunn Albertsen Chairperson AAE Communications WG and AAE Board member

The Board of the Actuarial Association of Europe (AAE) invites all members of AAE Member Associations to suggest a new and permanent slogan for AAE. The proposed slogan should express the vision of the AAE for actuaries throughout Europe to be recognised as the leading quantitative professional advisers in financial services, risk management and social protection, contributing to the well-being of society, and for European institutions to recognise the valuable role that the AAE plays as a leading source of advice on actuarial and related issues.

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Solvency II review proposal for long term valuation: Significant risk to destroy values!

16 March 2021

Wilhelm Schneemeier Chairperson AAE

On first sight this may sound more like a lobbyist statement than a prudent actuarial position. Why does AAE not support the proposal of EIOPA to reduce the risk-free interest rate significantly after 60 years (see also articles in the March issue of “The European Actuary”)? Let me explain step by step why EIOPA’s advice concerning the extrapolation is not justified and even contradicts many actuarial principles and is not aligned with the existing Solvency II framework.

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How to recognize the actuarial professional

2 March 2021

Mária Kamenárová Vice-chairperson AAE

We all want to receive the best service and care in all aspects of our lives as we believe we are worth it. How to define the best service is a matter of individual preference: service for the best price, the best time (as time is money), or the best value for money, usually linked with professional care?

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Updating the Risk Margin Calculation

7 January 2021

Malcolm Kemp Chairperson AAE Risk Management Committee

At an AAE Risk Management Committee Webinar on 8 December 2020, Malcolm explored how best to recognise multi-year risk dependencies in the Solvency II risk margin calculation. This blog summarises the material covered in his presentation.

The Solvency II risk margin is an integral part of the capital structure of EEA insurers. It is included in the Solvency II review currently being undertaken by the Commission. It also features in the UK Government review of how UK insurers should be regulated after Brexit.

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