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Benefit from the Early Bird discounts of many of EAA's Web Sessions taking place in October or November 2021 with early bird rates still valid within the next four weeks. Furthermore, you are invited to visit our website for all published online trainings here.

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Web Session "Macro-Level Actuarial Reserving" on 28/29 October 2021,
9:00-17:00 and 9:00-12:30 CEST
Early Bird discount until tomorrow!

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Actuarial reserving is one of the core activities of many actuaries, and crucial to any well-functioning insurance company. Typically, macro-level models are used for this task, which are triangle-based models that provide estimate of the expected value and/or the variance of the open reserve on a portfolio level. Hence, a proper understanding of these models is vital.
In this web training a detailed overview is provided of the aforementioned models and during the practical sessions, R code is provided on how to implement most of the discussed topics, hereby rendering the participants completely autonomous after the web session.
During the training however, even if practical sessions will be organized, the main focus will be on the theory.
Your early-bird registration fee is € 450.00 plus 19% VAT until 16 September 2021. After this date, the fee will be € 585.00 plus 19% VAT.
further details

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Web Session "Professionalism Plus - Ethics for Enhanced Professionalism (2 days)" on 2 & 9 November 2021, 9:30-17:00 CET

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Ethics is the foundation of professionalism. Ethical behaviour is not just about creating better outcomes but it is also about creating a market where those outcomes can be appropriately rewarded. It is about behaviour that is good for the professional, their employer, their clients, and for society at large.
In today's competitive commercial world, everybody is looking for an edge and it can easily be forgotten that the best route to success is to become a professional of worth and value. The aim of this course is to give you a sound theoretical basis and a practical wherewithal to become the professional you want to become.
Your early-bird registration fee is € 550.00 plus 19% VAT until 21 September 2021. After this date, the fee will be € 715.00 plus 19% VAT.
further details

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Web Session "Long-Term Care Insurance Living Benefits: Risk Profiles" on 5 November 2021, 10:00-12:00 CET

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Life annuities are aimed at providing income and, notably, post-retirement income. In the context of health insurance, long-term care insurance (LTCI) products conversely aim at protection against the risk of senescent disability. Technical and financial features of the above products might negatively impact their attractiveness, from both the customer's and the insurer's perspective. Nonetheless, appropriate combinations of benefits can result in more attractive policy designs. As LTCI products are rather recent, scarcity of data and data quality cause a significant exposure to the uncertainty risk inherent in the choice of the biometric bases. A sensitivity analysis then allows us to quantify, for diverse products, the degree of exposure to this risk.
In this web session, we first describe the basic features of long-term care insurance products which provide living benefits, that is lifelong or term annuities. We then present and discuss the numerical results of a sensitivity analysis aimed at assessing the exposure of diverse products to the risk caused by uncertainty in the biometric assumptions.
Your early-bird registration fee is € 100.00 plus 19% VAT until 24 September 2021. After this date, the fee will be € 140.00 plus 19% VAT.
further details

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Web Session "Longevity Heterogeneity and Pension Schemes" on 10 November 2021, 10:00-12:00 CET

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The objective of this web session is to address the effect of longevity heterogeneity on the design of pension schemes, especially for social security mechanisms. We first present different figures showing the socio economic gap in terms of life expectancy. Then we evaluate the effect of such inequalities on traditional pension plans and illustrate some regressive aspects. Finally, we present different possible mechanisms in order to compensate partially or totally these effects (individualized retirement age, individualized annuity rates, progressive formula, two tier approaches…).  
Your early-bird registration fee is € 100.00 plus 19% VAT until 29 September 2021. After this date, the fee will be € 140.00 plus 19% VAT.
further details

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Web Session "Practical Machine Learning Applications in Finance & Insurance" on 12 November 2021, 9:00-12:00 CET

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We begin from the scratch and introduce machine learning techniques step by step: To start with, we give an overview of this interesting field with the primary focus on several techniques such as neural networks, among others. The key for an efficient application is the way of training machine learning algorithms and thus we focus our attention on this optimization as well. We strengthen our learned knowledge by focusing on several case studies: We consider an example within the Solvency II context such as implementing an internal model to calculate the Solvency Capital Requirement (SCR), but also applications to financial market such as option pricing by Monte Carlo methods or trading strategies. During our complete web session we learn how the introduced algorithms can be implemented so that the participants are able to build up their own use cases in Python at the end. A vital part of this web session is the group work to get familiar with the implementation.
Your early-bird registration fee is € 150.00 plus 19% VAT until 1 October 2021. After this date, the fee will be € 205.00 plus 19% VAT.
further details

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Web Session "Latest Trends in Life Products" on 17 November 2021, 10:00-12:00 CET

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In this web session, we discuss present trends relating to life insurance products and the development of life insurance products.
Our training topics:

• Trends in savings and retirement products
• Trends in risk products
• How to accelerate and innovate product development
• Trends in income protection, especially essential ability covers
• Further Risk products and digitalisation
• Machine learning and best estimate rates

Your early-bird registration feeis € 100.00 plus 19% VAT until 6 October 2021. After this date, the fee will be € 140.00 plus 19% VAT.
further details

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Web Session "Mathematical Modelling for Actuaries" on 22/23 November 2021, 9:00-17:00 CET

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Actuaries are very experienced in modelling financial risks either stemming from population dynamics or from random events. Probability theory and statistics is their daily bread. But there are many other phenomena out in the world without having a direct financial impact but should be understood by actuaries as well. This web session is about models which typically are not covered in full by actuarial exams, but which could bring better insights to risks actuaries have to price. We will cover models from many different areas, whether it is medicine, construction, meteorology, biology or others. Of course, this web session can only give some examples of typical models and type of models, but it should enable participants to find more in literature or develop their own ideas.
Your early-bird registration fee is € 600.00 plus 19% VAT until 11 October 2021. After this date, the fee will be € 780.00 plus 19% VAT.
further details

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Web Session "Advanced Concepts of Clustering in Insurance" on 25 November 2021,
9:00-12:00 CET

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