AAE Blogs

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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Europe faces extraordinary challenges

1 November 2022

Lutz Wilhelmy
Chairperson AAE

 

 

The title is really an understatement. Compared to one year ago, the news items in newspapers, tv and social media are dominated by alarming news and crises.

 

Stripping them down a little we start with the ongoing transformation for more sustainability, including the ‘greening of economies’, but certainly not restricted to this. We all experience warmer summers and drying up rivers, but also more extreme weather events like floods.

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Shit happens!

27 September 2022

Esko Kivisaari
Past Chairperson AAE
Chairperson AAE Advisory Panel
Chairperson AAE Artifical Intelligence/Data Science Working Group

 

All economic activity can result into damage to the environment. Some activities are riskier than others. When shit happens, when damage occurs remedial actions are necessary. Such actions are more or less costly depending on the damage.

 

The European Union has adopted in 2004 the Environment Liability Directive (ELD), the purpose of which is to implement the ‘polluter pays’ principle, i.e., the one who has caused the damage also pays for the remedial action. There are now plans to renew the ELD. One of the difficulties of implementing the ‘polluter pays’ principle is that the actor responsible for the liability might no longer exist when the damage is found out.

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Make sure to block your calendar for the AAE sessions at CONVENTION A!

12 July 2022

Inga Helmane, AAE Board member

Connecting Knowledge! A great theme for CONVENTION A and certainly in line with the AAE’s strategic objectives.

AAE is proud to be hosting two session slots at Convention A. The theme is appealing and reflects all aspects of the AAE’s strategic objectives.

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The ECA tradition goes on: European actuaries meet in less than two weeks

23 May 2022

Maria Kamenarova,
Chairperson AAE

Wilhelm Schneemeier,
Chairperson ECA Steering Committee

 

With a one-year delay – due to the global Corona pandemic, of course – the upcoming fourth edition of the European Congress of Actuaries on June 2 and 3 in Madrid, Spain, will finally offer again the opportunity to watch exciting presentations from in front of the stage, to discuss face-to-face hot topics with the speakers and the audience, as well as to network with colleagues from all over Europe and beyond.

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