View the Sessional Research paper archive
| 2021 |
|---|
|
Sessional Meeting: Allowing for shocks in portfolio mortality models The Covid-19 pandemic creates a challenge for actuaries analysing experience data that includes mortality shocks. To address this we present a methodology for modelling portfolio mortality data that offers local flexibility in the time dimension. The approach permits the identification of seasonal variation, mortality shocks, and late-reported deaths. The methodology also allows actuaries to measure portfolio-specific mortality improvements. Results are given for a mature annuity portfolio in the UK |
|
Sessional Meeting: Your reserves may be best estimate, but are they valid? This paper outlines key frameworks for reserving validation and techniques employed. Many companies lack an embedded reserve validation framework and validation is viewed as piecemeal and unstructured. The paper outlines a case study demonstrating how successful machine learning techniques will become and then goes on to discuss implications. The paper explores common validation approaches and their role in enhancing governance and confidence. Speakers: Al Lauder, DARAG; Ed Harrison, LCP; Arun Vijay, Deloitte; Laura Hobern, LCP. |
|
Sessional Meeting - Asset Liability Modelling in the Quantum Era Speakers : Tim Berry and James Sharpe |
| Sessional Meeting - Long term stochastic risk models: The 6th generation of modern actuarial models? This paper explores the use of long-term stochastic modelling for risk management. Life insurance is a long-term business and carries with it long-term risks, yet a lot of current actuarial risk management is focused on short-term modelling approaches. The paper discusses the limitations inherent within existing approaches and considers how the focus of the next generation of actuarial models may be on long-term stochastic models. The paper also explores how existing techniques, together with new approaches, can be used to develop such models and the benefits of these. |
| Sessional Meeting - A Value-at-Risk Approach to Mis-Estimation Risk Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis. However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year. This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work. Speaker: Stephen Richards |
|
Sessional Roundtable: The Importance of Biodiversity Risks for Actuaries Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward. It is beyond doubt that Biodiversity is being lost at an unprecedented rate (a mass extinction). The economic or financial impact of this loss is unknown. An increasing amount of work focusses on how business and government decision making can account for biodiversity through concepts such as natural capital valuation. This is an important topic on which there has been little actuarial discussion to date. Following the development of an initial position paper, four papers have been written by the Biodiversity Working Party of the IFoA on a range of biodiversity topics that are important to actuarial practice: 1. Natural Capital has been championed by the UK Government and various business groups, however, it has also been seen as controversial within some non-governmental organisations. 2. Quantified metrics, such as monetisation, to assess impacts on, and the benefits of, biodiversity is the subject of the second paper where we summarise a number of metrics that may be of use to actuaries. 3. Zoonotic pathogens, where the recent Dasgupta Review suggests that due to biodiversity loss increasing contact between people and wildlife which ultimately leads to spill-over infections where pathogens are transmitted from animals to human hosts. COVID-19 has emphasised the significant risk to finance and the global economy that zoonotic pathogens can represent. 4. Justice within the context of biodiversity is of increasing focus globally. Stakeholders such as shareholders, policyholders, sponsors, scheme members, local and indigenous communities, intergenerational fairness, as well as nature itself, need to be considered in any evaluation. The concepts developed through actuarial fairness may support an understanding of justice. |
| Sessional Research – To the end game and beyond
11 January 2021 |
| 2020 |
|---|
| Sessional Research - Money, Knowledge and Power 14 September 2020 |
| Sessional Event: Resource and Environment Sessional - Climate Scenario Analysis 1 June 2020 |
| Sessional Event: Actuarial valuations to monitor defined benefit pension funding 9 March 2020 |
| Sessional Event: Impact of E-cigarettes Working Party 24 February 2020 |
| Sessional Event: Understanding Blockchain for Insurance Use Cases 3 February 2020 |
| Sessional Event: Operational Risk Dependencies 20 January 2020 |
| 2015 |
|---|
|
Sessional Research Event: Actuarial Function Working Party |
|
Autumn Lecture |
| British Actuarial Journal 20th Anniversary 21 September 2015 (Length 01:24:37) |
|
Spring Thought Leadership Lecture |
|
Sessional Research Event: Expert Judgement |
|
Sessional Research Event: Sustainability and Financial System |
|
Sessional Research Event: Model Risk: daring to open the black box |
| 2011 |
|---|
|
Autumn Lecture by Sir Harry Burns |
You might also like
Contact Details
If you have any questions about our online video and audio content please contact
Events calendar
No results found.