2ND ANNOUNCEMENT Participate in the ICA 2018
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Participate in the ICA 2018 –
2 ANNOUNCEMENT
ND
Hosted by:
Platinum Invitation
From 4 to 8 June 2018, the German Association of Actuaries (DAV) in conjunction with the International Actuarial
Association (IAA) will host the 31st International Congress of Actuaries (ICA) in Berlin. This event is a global summit
for the exchange of actuarial knowledge and is aimed at actuaries, scientists, practitioners and academics from
all over the world who share an interest in actuarial topics in insurance and finance.
The congress program will include daily plenary sessions by eminent keynote speakers and panelists, 12 limited
attendance experiences, and a congress program including over 30 invited speaker sessions and a wide variety of
sessions. Over 280 contributed talks will be presented from Monday to Friday in up to 12 parallel lecture halls. Due to
the great success of our Call for Papers, with more than 570 submitted abstracts, the Scientific Committee with
the valuable support of volunteering experts has been able to create an excellent and diverse congress program
with contributions from more than 40 countries. We sincerely thank everyone who submitted an abstract and who
supported the preparation of the congress program. We are convinced that the ICA 2018 will be an outstanding event
for the whole profession.
Gold
The congress program includes a wide range of regional and international actuarial topics covering theoretical and
practical issues, innovative approaches and day-to-day problems, and thus encourages cooperation between
academia and the insurance industry. The congress program covers eight different special-interest sections:
AFIR/ERM ASTIN IAAHS LIFE
Financial Risk & ERM Non-Life Health Life
Silver
PBSS PROFESSIONALISM EDUCATION
Pensions Benefits Consulting
& Social Security
The event will take place at the Estrel Congress Center in Berlin – one of Europe’s most fascinating cities. Registration
opens on 1 December 2017. Eligibility for the first early bird fee ends on 31 January 2018, the second ends on 31 March
2018. Full and half week tickets are available.
Bronze
We hope that ICA 2018 has aroused your interest and that you will join us. We are looking forward to meeting you in
Berlin 2018!
Klaus Heubeck Michael Renz Hans-Joachim Zwiesler
Chair Co-Chair Co-Chair
National Organizing Committee Scientific Committee Scientific Committee
PROGRAM SCHEDULE
Sunday, 3 June 2018 Monday, 4 June 2018 Tuesday, 5 June 2018 Wednesday, 6 June 2018 Thursday, 7 June 2018 Friday, 8 June 2018
The Opportunity in Diversity Registration Registration
Conference
Launching the ICA 2018 Invited Speaker Sessions / Plenary Session III Invited Speaker Sessions / Invited Speaker Sessions /
Parallel Sessions Parallel Sessions Parallel Sessions
Coffee Break
Plenary Session I Plenary Session II Invited Speaker Sessions / Plenary Session IV Plenary Session V
Parallel Sessions
Lunch Lunch Box Lunch Lunch Box Lunch
Registration Invited Speaker S
essions / Limited Attendance Invited Speaker Sessions / Limited Attendance Experiences / Passing the Baton
Parallel Sessions Experiences / Parallel Sessions Field Trips on to Sydney
Field Trips
Coffee Break Coffee Break Selected Intensified
Breakout Sessions
Invited Speaker Sessions / Invited Speaker Sessions /
Parallel Sessions Parallel Sessions
Coming Together: Getting Closer: Staying in Touch:
Welcome Event Garden Event Farewell Event
“Gauss Meets Humboldt” “Traditional Funfair”
Evening Events Plenary Sessions Limited Attendance Experiences Parallel Sessions Field Trips Invited Speaker Sessions
Three entertaining evening events The daily Plenary Sessions are a high- The Limited Attendance Experiences Around 280 contributed talks in up to Six field trips through Berlin – The congress program of the ICA 2018
await the visitor. Come together at the light for all delegates attending the ICA on Tuesday and Thursday afternoon 12 parallel lecture halls reflect the Germany’s vibrant capital – are available includes more than 30 Invited Speaker
Welcome Event with the theme “Gauss 2018. In these, internationally renowned feature actuarial content off the beaten wide variety of topics facing the for all participants of the ICA. Get the Sessions with well-known internatio-
meets Humboldt” on Sunday, get clo- guest speakers from the insurance and track and are free of charge for all de- actuarial profession. Section specific best of Berlin with the Highlights tour or nal experts in their fields. The Invited
ser at the Garden Event in the ESTREL finance industry as well as regulation legates. 12 events in seven exceptional talks of the eight program strands as the combined bus and boat trip. Or go Speaker Sessions focus on one or
Summer Garden on Tuesday and stay will present and discuss the latest venues in Berlin are available. After the well as numerous cross-section talks a little more into detail with the Jewish two of the program strands. These
in touch after our “Traditional Funfair” topics that the profession will move scientific talk, delegates will get to know can be found in the ICA 2018 congress Heritage tour and a trip to Berlin’s sessions take place on each day of
during the Farewell Event on Thursday. forward in 2018 and beyond. the venue with an exclusive guided tour. program. hidden places. the ICA 2018.
4 5
WEDNESDAY, 6 JUNE 2018
8.30 – 10.00
Future of Low Interest Rate Environment
Two talks
The ongoing period of low-interest rates has
meanwhile driven some insurers and occupational Peter Praet Moderation:
pension providers to their financial limits. Is the (ECB) Ken Mungan
global interest environment likely to change in (Milliman)
the future? What strategies are there to be
PLENARY SESSIONS successful in more difficult fiscal conditions?
THURSDAY, 7 JUNE 2018
MONDAY, 4 JUNE 2018
11.00 – 12.30
11.00 – 12.30 Future of Mobility
Future of Demography/Longevity Two talks
Two talks
In these times of digitalization, Big Data and
Increasing medical progress, rising life expectan- cloud computing, the automotive industry is
cy, lower birth rates and international migration Alexander Sixt Frank Sommerfeld Moderation:
undergoing rapid change: new concepts of
Mikko Myrskylä Winfried Heinen Moderation: (Sixt) (Allianz) Bernhard Lang
have meant marked changes for our societies. (MPIDR) (Gen Re) Marcus Nagel (msg systems) electro-mobility via car sharing and networked
What will future demographic trends look like (Zurich)
cars to self-drive cars are revolutionising the
and what challenges and opportunities will these traffic on our roads and bringing new challenges
provide for insurers? at the same time. What consequences will this
have for insurers and how can actuaries support
these developments with new products?
TUESDAY, 5 JUNE 2018
11.00 – 12.30 FRIDAY, 8 JUNE 2018
Future of Insurance 11.00 – 12.30
Panel Discussion
Future of Regulation
The demands placed on the insurance business Panel Discussion
have changed dramatically in recent decades.
Alf Neumann (Allianz) Scott Cochran IFRS and Solvency II – it is not only European
Increasing digitalization in all business areas,
(RGA) insurers that are being constantly challenged by
climate change, demographic developments Felix Hufeld Gabriel Bernardino Victoria Saporta
new regulatory rules and the constantly growing (BaFin) (EIOPA) (Bank of England)
and increasing regulatory requirements require
demands being placed on effective risk manage- Foto: © Schafgans DGPh/BaFin
insurers to come up with new innovative solutions
ment. In what direction is regulation likely to
again and again. What plans do insurers and
develop? How can these requirements be com-
their actuaries have to make today in order to
bined and unnecessary complexity be reduced?
meet the challenges of tomorrow?
What will this ultimately mean for the work of
actuaries?
Denis Kessler Andrew Rear Moderation:
(SCOR) (Munich Re Digital John Haley (Willis
not yet confirmed Partners) Towers Watson) Yannick Hausmann Patrick Raaflaub Moderation:
(Zurich) (Swiss Re) Nils Dennstedt
(Deloitte)
6 7
INVITED SPEAKER SESSIONS IAAHS
SINGLE SPEAKER
On the Decomposition and Dynamics of
The Medicalization Hypothesis, Drug
Related Expenses and the Demographic
Health Insurance Liabilities Change
Marcus Christiansen (Carl von Ossietzky Frank Wild (Scientific Institute of Private
University of Oldenburg) Health Insurance Association)
SINGLE SPEAKER Managing Risk and Uncertainty at Munich Re
AFIR/ERM Alternative Investments Bernhard Kaufmann (Munich Re)
Health-Linked Life Annuities: Combining How Shared Value Insurance Works
Dirk Popielas (TC Advisory) Protection and Retirement Income Emile Stipp (Discovery)
Risk Modelling and Valuation: Model Risk,
Solvency and Risk Aggregation Ermanno Pitacco (University of Trieste)
Contagion and Systemic Risk Optional Covers in German Public Health
Paul Glasserman (Columbia University) Paul Embrechts (ETH Zurich) Insurance
Inherited Heart Disorders: Implications for
Life Insurance and Health Insurance Hanno Reich (KPMG)
Flood Risk Modelling: Methodology and JOINT SESSIONS
Angus MacDonald (Heriot-Watt University)
Challenges Risk Modelling and Valuation: Approaches to Capital Requirements in
Hansjörg Albrecher (University of Lausanne) Quantifying Model Risk Technology Changes – And How the Work Health Insurance
Paul Glasserman (Columbia University) of Actuaries is Becoming Even More Hanno Reich (KPMG)
Macro-Prudential Surveillance beyond
Risk Modelling and Valuation: Capital Critical to the Insurance Industry
Banking: Recent Developments and An Analytical Framework for Medical
Management – From Modelling to Creating Jürgen Huschens (IBM)
Perspectives Trends and Potential Mitigations
Value
Benjamin Weigert (Deutsche Bundesbank) Stephen Bishop (Munich Re)
Tom Wilson (Allianz) An Overview of Enhanced Statistical
Perspectives on Bridging Actuarial Theory Models Used in Healthcare Analysis with a
CRO Round Table Capital Funding versus Pay-As-You-Go in
and Practice Focus on Providers
Tom Wilson (Allianz) Long-Term Care Financing
Hansjörg Albrecher (University of Lausanne) Fabian Winter (Munich Re)
Sue Kean (Old Mutual Group) Frank Wild (Scientific Institute of Private
Medical Inflation and Health Insurance Health Insurance Association)
Solutions to Biometric, Mortality and
Cyber Risk: Actuarial Economic Theory of J.-Matthias von der Schulenburg (Institute
Longevity Risks
Cyber Risk for Risk and Insurance at University of
Stéphane Loisel (Claude Bernard Lyon 1
Shaun Wang (Nanyang Technology Hannover)
University)
University)
Information Security
Stephan Gerhager (Allianz)
SINGLE SPEAKER Modern Data Analytic Methods for the
ASTIN
SINGLE SPEAKER JOINT SESSIONS
LIFE Market Consistent Cash Flows for Benefits, Prediction of German Disability Incidence
Advances in Stochastic Mortality Model- NatCat Modelling – 45 Years of Natural Tax and Future Profits in Life and Pension Rates
ling and Demographic Feature Extraction Disaster Research at Munich Re: Insurance Frank Schiller (Munich Re)
Gareth Peters (Heriot-Watt University) Lessons From the Past and for the Future Thomas Møller (PFA Pension)
Gerhard Berz (LMU Munich) Pension Saving Decision Making Under
Using Risk Factors in Insurance Analytics: Peter Höppe (Munich Re) Summer School: Aspects of Market- Lifetime and Investment Uncertainty
Data Driven Strategies Consistent Valuation in Life Insurance Mogens Steffensen (University of
Katrien Antonio (KU Leuven) Uncertainties Frank Schiller (Munich Re) Copenhagen)
Paul Embrechts (ETH Zurich)
Application of Machine Learning Alexander McNeil (University of York) Can Frailty Models Improve Actuarial Securities Lending in Insurance
Techniques in Non-Life Insurance Calculations in Health Insurance? Enrico Biffis (Imperial College Business
Gero Nießen (Willis Towers Watson) The P&C Actuary Using Data Science – Ermanno Pitacco (University of Trieste) School London)
Business Cases for Data Science within
Aspects of Market-Consistent Valuation P&C Companies Deep Dive on Market Consistent Cash Different Benefit Triggers and Their Impact
in Non-Life Insurance René Billing (HDI) Flows for Benefits, Tax and Future Profits on Long-Term Care Life Insurances
Alexander McNeil (University of York) Frank Schönfelder (PwC) in Life and Pension Insurance Thorsten Hiester (Allianz)
From Big Data to Big Information – Thomas Møller (PFA Pension)
Obstacles, Traps and Opportunities
Göran Kauermann (LMU Munich)
8 9
LIFE
Epidemic Risk Solutions – Laying Pricing
Foundations for an Emerging New Market
Segment
JOINT SESSION
Looking at Concentration and Composition FACTS AND FIGURES
in the Life Insurance Context
Gunther Kraut (Munich Re) Josée Kaulich-Bartz (Swiss Re)
Walter Olbricht (University of Bayreuth)
Genomics, Personalized Medicine and
Insurance
Emile Stipp (Discovery)
SINGLE SPEAKER Default Retirement Income Strategy
PBSS DC in a DB Country David Blake (Pensions Institute at Cass
Heribert Karch (Metallrente) Business School)
Intergenerational Fairness in a United Nations Joint Staff Pension Fund
CDC Pension System Denis Latulippe (Laval University)
Oskar Goecke (Cologne University of
Panel Discussion
Applied Sciences)
Gurvan Le Guern (European Patent Office)
More than 40 different nations represented in the congress program of the ICA 2018
SINGLE SPEAKER Data, Decisions, and Distortions:
New Developments in Insurance IT, Decision-Making in the Modern World
Industrialization of Actuarial Processes
Patricia L. Renzi (Milliman)
David Hand (Imperial College London)
Slots per section 50 well-known invited guest speakers
Big Data Analytics: Mining Your Catastrophe
AFIR/ERM: 103
Preparing Digital Insurance for Take-Off Claims Data for Competitive Advantage
Axel Helmert (msg life central europe) Karen Clark (Karen Clark & Company) ASTIN: 63
Digital Disruption: The Impact of JOINT SESSION
PENSIONS: 61
124 papers
Information Management on New Products Digitalisation – A Challenge for an Actuary?
LIFE: 80 submitted for the 100 volunteering
and Business Models for Society
Tom Jenkins (OpenText)
Klaus-Dieter Engelhardt (Neuburger und HEALTH: 35 ICA 2018 Best Paper
Awards and IAA
members
Partner) IACA: 35 organized in six committees
Ferdinand Helmer (Neuburger und Partner)
EDUCATION: 16 Section Best Paper
Awards
PROFESSIONALISM: 20
PROFESSIONALISM
SINGLE SPEAKER
More than 10 years of preparation for ICA 2018
Current Topics of Insurance Supervision
Frank Grund (BaFin)
574 submitted abstracts 279 accepted papers
for the parallel sessions in the ICA 2018 in the congress program
congress program
10 11
CONGRESS PROGRAM Please note:
This table only provides an extract from the full congress program. Please find the detailed
congress program with all sessions including speakers and titles in the separate congress
This table shows a sample congress day at the ICA 2018. In total, the congress program covers eight
brochure “Detailed Congress Program” and on www.ica2018.org.
sections. Every day various sessions from each section can be found. This ensures that participants
booking either a half or full week can participate in several sessions of the sections they are interested in.
Wednesday, 6 June 2018
08.00
Registration Registration
- 08.30
08.30
Plenary Session III
- 10.00
10.00
Coffee Break Coffee Break
- 10.30
10.30
LIFE IACA LIFE ASTIN AFIR/ERM AFIR/ERM EDUCATION PENSIONS ASTIN Special ASTIN PENSIONS
- 12.30
12.30
Lunch Lunch
- 13.00
14.00 PROFES-
AFIR/ERM ASTIN AFIR/ERM LIFE AFIR/ERM ASTIN PENSIONS PENSIONS ASTIN HEALTH LIFE
- 16.00 SIONALISM
16.00
Coffee Break Coffee Break
- 16.30
16.30
ASTIN HEALTH AFIR/ERM Special PENSIONS LIFE IACA LIFE AFIR/ERM ASTIN PENSIONS IACA
- 18.30
Wide variety of topics Cooperation Modules Young Researchers Program Joint Sessions and Hot Topics Award Sessions The Opportunity in Diversity
More than 360 talks spanning Several partner institutions, With the Innovation Platform All topics in the congress pro- The congress program includes Conference
the eight program strands re- such as the Actuarial Associa- and the Summer School, the gram are arranged by section sessions for the ICA 2018 Best The Opportunity in Diversity Con-
flect the wide variety of topics tion of Europe (AAE), the Ger- ICA 2018 features formats that (in line with the IAA sections) Paper Awards as well as the IAA ference is offered at the fore-
currently facing the actuarial man Society for Insurance and are particularly suitable for and many of them deal with Section Best Paper Awards. Ad- front of the ICA 2018. The fun-
world. The program meets the Financial Mathematics (DGVFM) young academics. Young re- current topics facing the actu- ditionally, award sessions for damental motivation behind the
needs of all actuaries: practi- or the European Actuarial Jour- searchers who cannot attend arial profession. The program several well-known prizes and conference is the importance on
tioners as well as academics, nal (EAJ), will host cooperation the ICA in person, can join the includes sessions focusing on young researcher awards will be diversity to the long-term survival
newly-qualified actuaries and sessions to enrich the congress Online Session Deep Dive. Fur- topics from one section as well integrated. Award sessions are of the actuarial profession. For
those who can look back on program with their specific ther information can be found as joint sessions with interdis- specially marked in the congress the third time this conference
many years of professional ex- topics. For detailed information, on page 22 of this brochure and ciplinary presentations. program. Find an overview of all takes place in connection with
perience. please see page 17. on the ICA 2018 website. prizes on pages 18 and 19. the ICA.
12 13
HEALTH AND LIFE SUBCOMMITTEES
SCIENTIFIC COMMITTEE “The HEALTH and LIFE program offers diverse perspectives across
traditional and new topics, both from a national and an international point
of view. We received a tremendous amount of high-quality submissions.
SCIENTIFIC COMMITTEE Together with more than a dozen special invited talks they enabled us to
design sessions focussing on
“After a great deal of preparation, we are delighted • Product Development, Pricing and Reserving in HEALTH and LIFE Co-Chair HEALTH: Co-Chair HEALTH:
with the final wide-ranging and outstanding congress Karl-Josef Bierth Hartmut Milbrodt
program that we have managed to put together with • Studies on the Development of Longevity, Mortality, Morbidity and other
the help of our scientific subcommittees. We would Bases for Calculation
like to thank all the members, and especially the • Demographic and Technological Change and their Consequences
chairs of the subcommittees, as well as the external Co-Chair: Co-Chair: for Products, Health Management and Actuarial Models
reviewers for their excellent work and support.” Michael Renz Hans-Joachim
Zwiesler • New Data Sources, Digitalization, Medical Innovations and their
Consequences for Products, Underwriting, Health Management
Co-Chair LIFE: Co-Chair LIFE:
and Actuarial Methods. Jürgen Bierbaum Stefan Weber
Among the many highlights of the program are four joint Limited Attendance
AFIR/ERM SUBCOMMITTEE Experiences on actuarial issues of HEALTH and LIFE and an interdisciplinary
Plenary Session devoted to the impact of demography in insurance.
“The program on AFIR/ERM cuts right through the classic sections such as ICA 2018 will improve our understanding of HEALTH and LIFE.“
LIFE, HEALTH and ASTIN, and adds another dimension of risk and how to
deal with it. From regulatory developments like Solvency II to capital
management, from classical risk management to emerging risk, from low Members of the HEALTH subcommittee:
interest rates to customer behavior: the agenda will provide plenty of food Stephen Bishop Michel Denuit Ulrich Stellmann
for thought, covering both latest developments in the scientific field, and Co-Chair: Co-Chair: Susanne Bürger Angus MacDonald Henryk Zähle
how to apply them in practice. In addition to a wide range of international Frank Schepers Rudi Zagst
Marcus Christiansen Ermanno Pitacco Christian Zöller
contributions, we are very much looking forward to plenary sessions
featuring top class invited speakers.”
Members of the LIFE subcommittee:
Enrico Biffis Ralf Krüger Frank Schiller
Members of the AFIR/ERM subcommittee: Thorsten Hiester Thomas Møller Mogens Steffensen
Hansjörg Albrecher Nora Gürtler Alfred Müller Marc Schmitz
Nicole Bäuerle Pierre Joos Aristid Neuburger Frank Seifried
Pierre Devolder Ralf Korn Matthias Scherer Mogens Steffensen
PENSIONS SUBCOMMITTEE
ASTIN SUBCOMMITTEE
“The PENSIONS specialist program is marked by a well-balanced mix of
“The ASTIN program is characterized by a mix of traditional and modern contributions from the scientific/academic and the more application-based
topics. In addition to classical topics such as pricing, claims reserving and areas. From over 100 submissions, thanks to our national and international
modelling in primary and re-insurance, we have set great store by the use experts, we now have 60 talks from 17 countries on 13 interesting subject
of modern statistical methods and so-called Big Data. We have always taken areas. The 13 sessions contain subject areas that are of particular interest
great care to ensure that the topics have practical relevance. Therefore we to German participants, including “Pure DC in Germany“ and “Employer‘s Co-Chair: Co-Chair:
hope that, at the ICA 2018, our colleagues from all over the world will literally Co-Chair: Co-Chair: Accounting for Pensions“, as well as presentations that are more Nadine Gatzert Horst-Günther
Zimmermann
be able to experience what their international peers and fellow actuaries are Hanspeter Roland international in scope such as “New Products in Occupational Pension
doing. We are sure that they will be able to take home valuable and useful Schmidli Voggenauer Systems“, “Risk, Risk Sharing and Sustainability”, “Funding & Pension
insights into the future of our profession.” Protection Schemes“ and “Behavioral Aspects of Retirement“. We are
already looking forward to a varied PENSIONS program with fascinating
discussions as part of the ICA 2018.“
Members of the ASTIN subcommittee:
Dorothea Diers Irina Kaiser Michael Merz Viktor Sandor
Frank Edelmeier Jürgen Klemmt Eberhard Müller Klaus Schmidt Members of the PENSIONS subcommittee:
Paul Embrechts Jean Lemaire Michael Radtke Thomas Schmidt Peter Albrecht Alfed E. Gohdes Raimond Maurer Katrin Schulze
Christian Hipp Thomas Mack Ulrich Riegel Mario Wüthrich Oskar Goecke Richard Herrmann Ralph Rogalla Georg Thurnes
14 15
SUBCOMMITTEE IACA
“IACA leads consulting actuaries across all fields of actuarial practice both in
COOPERATION MODULES
the international arena and also where international events impact their local
Chair:
landscape. The IACA track is different from all others: it is outcome focused Gerd Warnke Apart from the IAA sections and the IAA commitees, many partner institutions and players of the ac-
versus topic focused. The IACA sessions cover topics of broad interest to both
German and international consulting actuaries, regardless of the specific tuarial profession followed the invitation to expand the traditional congress program of the ICA 2018
areas in which they consult. Consulting actuaries explain and translate the with additional content. 6 partners will present their scientific content in cooperation sessions
results of actuarial calculations, models and recommendations to their clients
and the public: an entire session is dedicated to communication.” AFIR/ERM/AAE Session AFIR/ERM/EAJ Session
Limit Systems under Solvency II The European Actuarial Journal
Members of the IACA subcommittee:
Michael Kluettgens (Willis Towers Watson) Ralf Korn (University of Kaiserslautern)
Bharat Bhayani Tigran Kalberer Aristid Neuburger Knut Schäfer Klaus-Peter Nischke (R+V, University of Dortmund) Perspectives on Bridging Actuarial
Doug Carey Dieter Köhnlein Adam Reese Margaret Sherwood An Analysis of the Solvency II Structure Regulatory Theory and Practice
Kudzai Chigiji Cathy Lyn Michael Renz Nigel Sloam Hansjörg Albrecher (University of Lausanne)
Framework’s Smith-Wilson Model for the Term
Structure of Risk-Free Interest Rates Neural Networks Applied to Chain-Ladder Reserving
Peter Løchte Jørgensen (Aarhus University) Mario V. Wüthrich (ETH Zurich)
Robust Evaluation of Solvency Capital Requirement Wednesday from 8.30 – 10.30
SUBCOMMITTEE PROFESSIONALISM for Participating Life Insurances Under Solvency II
Donatien Hainaut (University of Louvain)
Panel Discussion: 2 Years of Solvency II from a
“Promoting PROFESSIONALISM is a key objective of ICA 2018 as the value and As a partner of the DAV, IVS has put special effort in
importance of standards and ethics have perhaps never been higher for the European Point of View
Chair: enriching the congress program with content of the
actuarial profession than today. The future of our profession will not only Thomas Béhar (AAE)
Birgit Kaiser program strand Pensions and helped to create multiple
depend on how we meet current technical challenges but also on innovation Wednesday from 14.00 – 16.00
sessions, such as
in professional culture in a global context. The Professionalism sessions will
therefore look at topics such as standards and regulation but also the future of PENSIONS/IVS Session on
the actuarial profession and the challenges especially for emerging associations.“ Mortality and Longevity
As a partner of the DAV, DGVFM has put special effort in
enriching the congress program with scientific con- An International Look at Recent Trends in Longevity
Members of the PROFESSIONALISM subcommittee:
tent and helped to create multiple sessions, such as – Where and Why is Life Expectancy no Longer
Cecil Bykerk Ben Kemp Hillevi Mannonen Godfrey Perrott Increasing and What Impact Might Recent Longevity
Alfred E. Gohdes Paul Kollmer-Dorsey David Martin Matthias Sohn Trends Have?
Gábor Hanák Yvonne Lynch Dave Pelletier AFIR/ERM/DGVFM Session
Adrian Gallop (UK GAD)
Risk Modelling & Valuation Brian Ridsdale (IAA Mortality Working Group)
Paul Glasserman (Columbia University) Mortality Development in Pensions – Data Basis,
Tom Wilson (Allianz) Models and Results in UK and Germany
Paul Embrechts (ETH Zurich) Richard Herrmann (Heubeck)
SUBCOMMITTEE EDUCATION Discussion Cathy Love Soper (Barnett Waddingham)
Monday from 14.00 – 18.30 Development of Mortality Tables Covering Multina-
“In several separate sessions the program strand EDUCATION will cover tional Populations – The Case of the UN Pension Fund
different parts of the actuarial qualification route. First, various national Stuart Schulman (Conduent HR Services)
approaches to motivate young people to start an actuarial education program Chair:
Henning Wergen
Unraveling Relevant Risk Factors Explaining Pension
will be presented, current discussions concerning actuarial qualifications will EAA Session Fund Mortality: A Case Study in the Netherlands
also be covered as will different strategies to promote CPD/life-long-learning. Frank van Berkum (University of Amsterdam)
All sessions will include open discussion with the audience, meaning that Machine Learning Applications for Wednesday from 16.30 – 18.30
anyone interested in the subject of actuarial qualification and training should Non-Life Pricing
certainly join these sessions.” Xavier Maréchal (reacfin)
Business Simulation Game for Non-Life Pricing
Members of the EDUCATION subcommittee: as a Tool for Teaching Society of Actuaries Students
Xavier Maréchal (reacfin) Research Case Study Competition
Jeroen Breen Ken Guthrie Bozenna Hinton Olivier Steiger
Monday from 16.30 – 18.30
Claudia Cottin Maria Heep-Altiner Rafael Moreno Tuesday from 10.30 – 12.30
Clifford Friend Ron Hersmis Herbert Schneidemann
16 17
Behavioural Aspects of Insurance Mathematics SCOR Actuarial Awards
Optimal Social Security Claiming Behavior Under Presentation on Tuesday, 8.30
Lump Sum Incentives: Theory and Evidence GAUSS Prize Lecture of DAV and DGVFM
Ralph Rogalla (St. Johns University) tba – Presentation on Wednesday, 16.30
Tatjana Schimetschek (Goethe University Frankfurt)
Presentation on Monday, 16.30 Young Researcher Award: Canada
Credit and Systemic Risks in the Financial Services Sector:
Long-Term Risk: Modelling, Measuring, Managing Evidence from the 2008 Global Crisis
and Economic Valuation Jean-François Bégin (Simon Fraser University)
Basis Risk in Index Based Longevity Hedges: Presentation on Monday, 15.00
A Guide for Longevity Hedgers
Andrew J.G. Cairns (Heriot-Watt University) Young Researcher Award: CAS
1. Restating the National Highway Transportation Safety
AWARDS AND PRIZES
Administration’s: National Motor Vehicle Crash Causation
The ICA 2018 Best Paper Awards are supported by: Survey for Automated Vehicles
Jonathan Charak (Zurich)
2. Territorial Risk Classification using Spatially Dependent
A special highlight in the congress program are the award sessions in which selected national and Frequency-Severity Models
Peng Shi (University of Wisconsin-Madison)
international prize winners introduce their latest research results. Alongside the ICA 2018 Best Paper IAA SECTION BEST PAPER AWARDS Presentation on Monday, 14.00
Awards and the IAA Section Best Paper Awards, the congress program features award sessions for
various well-known prizes. Award sessions take place on each day of the ICA 2018. Apart from the ICA 2018 Best Paper Awards, each Young Researcher Award: France
section of the IAA, Mortality Tables Update Through Multi-Population
• AFIR/ERM (Financial Risk & ERM) Models. Application to Longevity Risk Transfer and
ICA 2018 BEST PAPER AWARDS Long-Term Care Models and Dependence Probability Shock Computation
• ASTIN (Non-Life) Naoufal El Bekri (Institut des Actuaires)
Tables by Acuity Level: New Empirical Evidence from
The ICA 2018 Best Paper Awards honor excellent con- • IAAHS (Health) Index-Based Solutions to Protect Income in the
Switzerland
tributions to the congress program. Every ICA 2018 par- Michel Fuino (University of Lausanne) • IAALS (Life) Agriculture & Agri-Food Industry – The Case of France
ticipant was eligible to compete for the Best Paper Joël Wagner (University of Lausanne) • IACA (Consulting) Victor Bouton (Institut des Actuaires)
Awards by submitting a full paper of the research re- Agricultural Insurance and Financial Arbitrage with
Presentation on Tuesday, 9.00 • PBSS (Pension Benefits & Social Security),
sults during the call for papers process. Satellite Images
will also award best papers in their subject areas. Pierrick Piette (Institut des Actuaires)
Following submissions in the six named subject areas Aspects of Long-Term Savings: Uncertainty in Low
will be awarded as ICA 2018 Best Papers during the Modelling of Drought-Induced Subsidence and
Real Returns, Longevity and Inflation The IAA Sections announce, organize and select the
Consequential Building Damages in France
congress: award winner independently from all submissions and/or
Saving Preferences in Retirement: The Impact of Jana Friederike Sculte (Institut des Actuaires)
all talks that form part of the ICA 2018 congress program.
Mandatory Annuitization, Flexibility and Health Status Presentation on Wednesday, 16.30
Big Data Analytics – Jennifer Alonso-García (UNSW Sydney) The award winners of the IAA Section Best Paper
Algorithms, Analysis and Application Young Researcher Award: Italy
Presentation on Monday, 17.00 Awards will be announced in due course.
Modelling Dynamic Policyholder Behaviour through Financial Instruments for Mitigation of Flood Risks:
The Impact of Longevity and Investment Risk on a The Case of Florence
Machine Learning Techniques
Portfolio of Life Insurance Liabilities Giovanni Rabitti (Bocconi University of Milan)
Marco Aleandri (Ageas Group)
An Chen (University of Ulm) FURTHER AWARD SESSIONS Presentation on Monday, 14.00
Presentation on Monday, 15.30
Presentation on Wednesday, 14.00
Neural Networks Applied to Chain-Ladder Reserving The congress program features award sessions of var- Johan de Witt Prize
Mario Wüthrich (ETH Zurich) ious well-known prizes and national young reasearcher Presentation on Wednesday, 16.30
Mathematical Aspects of Emerging Risks
Presentation on Thursday, 9.30 awards.
Pricing Of Cyber Insurance Contracts In A Network Walter Saxer-Versicherungs-Hochschulpreis
Model Actuary of the Year Stochastic Loss Reserving with Emphasis on the
Demographic Change and Longevity Matthias Fahrenwaldt (Heriot-Watt University) Actuaris van het Jaar – People are no Number, but Bornhuetter-Ferguson Method
A Class of Random Field Memory Models for Mortality Stefan Weber (Leibniz University of Hannover) Numbers Can Describe People Annina Saluz (AXA)
Forecasting Kerstin Weske (Leibniz University of Hannover) Dirk Jonker (Crunchr) Presentation on Monday, 15.00
Yahia Salhi (ISFA, Université de Lyon) Presentation on Wednesday, 14.00 Presentation on Wednesday, 16.30
Society of Actuaries Students Research Case Study
Presentation on Thursday, 9.00
Bob Alting von Geusau Prize Competition
Population Structure and Asset Values Consistent Yield Curve Prediction tba – Presentation on Wednesday, 10.30
Kathleen Rybczynski (University of Waterloo) Josef Teichmann (ETH Zurich)
Presentation on Wednesday, 11.40 Mario V. Wüthrich (ETH Zurich)
Presentation on Friday, 8.30
18 19LECTURE HALL RUINS OF THE MUSEUM OF MEDICAL HISTORY
TUESDAY
Sections: HEALTH, LIFE, PENSIONS
Inherited Heart Disorders: Implications for Life Insurance and Health
Insurance
Speaker: Angus Macdonald (Heriot-Watt University)
Predicting Incidences of Acute Myocardial Infarctions: Are Big Data
and Machine Learning Algorithms Useful for Predictive Models?
© SDTB/Foto: C. Kirchner Speaker: Noriyuki Kogo (Milliman)
THURSDAY
Sections: LIFE, HEALTH, ASTIN
LIMITED ATTENDANCE EXPERIENCES Epidemic Risk Solutions – Laying Pricing Foundations for an Emerging
New Market Segment
Speaker: Gunther Kraut (Munich Re)
The Limited Attendance Experiences are included in the delegate tickets as an alternative to the field
trips on Tuesday and Thursday afternoon. 12 events in seven venues are available. The number of MUSEUM FOR COMMUNICATION
participants for each event is limited to 50 attendees. You are therefore advised to book your preferred TUESDAY
event well in advance. The Limited Attendance Experience in this location only takes place
on Thursday
ALLIANZ STIFTUNGSFORUM THURSDAY
Sections: IACA
TUESDAY
Actuaries in a Digital World
Sections: AFIR/ERM, LIFE Speaker: Ferdinand Helmer (Neuburger und Partner),
Alternative Investments Klaus-Dieter Engelhardt (Neuburger und Partner)
Speaker: Dirk Popielas (TC Advisory)
THURSDAY
Sections: PENSIONS, IACA
Intergenerational Fairness in a CDC Pension System GERMAN MUSEUM OF TECHNOLOGY
Speaker: Oskar Goecke (Cologne University of Applied Sciences), TUESDAY
Alfred E. Gohdes (Rentenberatung Gohdes) Sections: PENSIONS, IACA
New Products in Occupational Pension Systems
Speaker: Tim Furlan (Russell Investments),
CLASSIC REMISE Martin Stevenson (First State Super)
Sustainable Old-Age Provision in Times of Falling Discount Rates and
TUESDAY
Rising Life Expectancy?
Sections: ASTIN Speaker: Richard Herrmann (Heubeck)
Application of Machine Learning Techniques in Non-Life Insurance Moderation: Alfred E. Gohdes (Rentenberatung Gohdes)
Speaker: Gero Nießen (Willis Towers Watson)
THURSDAY
THURSDAY Sections: ASTIN
The Limited Attendance Experience in this location only takes place The P&C Actuary Using Data Science –
on Tuesday Business Cases for Data Science Within P&C Companies
© SDTB/Foto: C. Kirchner Speaker: René Billing (HDI), Frank Schönfelder (PwC)
OTTOBOCK SCIENCE CENTER
FEUERSOZIETÄT TUESDAY
Sections: LIFE, HEALTH
TUESDAY Topic and speaker: tba
Sections: ASTIN
THURSDAY
NatCat Modeling – 45 Years of Natural Disaster Research at Munich Re:
Sections: HEALTH, LIFE, PENSIONS
Lessons From the Past and for the Future
How Shared Value Insurance Works
Speaker: Gerhard Berz (Ludwig Maximilian University of Munich),
Speaker: Emile Stipp (Discovery)
Peter Höppe (Munich Re)
Vitality Shared Value Insurance: A New Insurance Product Category
THURSDAY Speaker: Karen Salmon (Vitality Group)
Sections: ASTIN
From Big Data to Big Information – Obstacles, Traps and Opportunities
Speaker: Göran Kauermann (Ludwig Maximilian University of Munich)
20 21YOUNG RESEARCHERS PROGRAM EVENING EVENTS
As part of the regular program, ICA 2018 is offering three formats that are particularly suitable for the active Three evening events complement the full week delegate ticket. Come together at the Welcome Event
participation of actuaries who are just starting their careers – The Innovation Platform, the Summer School on Sunday, get closer at the Garden Event on Tuesday and stay in touch with our Farewell Event on
and the Deep Dive. Thursday.
In two of the formats – the workshops “Innovation Plat- WELCOME EVENT “GAUSS MEETS HUMBOLDT”
form” and “Summer School” – participants will be able ASTIN SUMMER SCHOOL 3 June 2018, 20.00 – 23.00 | Venue: Natural History Museum (Museum für
to engage in a deeper discussion of economically im- “Aspects of Market-Consistent Valuation in Naturkunde)
portant and mathematically challenging topics. Non-Life Insurance” / Alexander McNeil The Welcome Event on Sunday 3 June 2018 invites delegates to an exclusive
Presentation on Wednesday 10.30 night at the Natural History Museum in Berlin, one of the most important
Anyone who cannot travel to the ICA 2018 in Berlin in research institutions in the world in the fields of biological and geological
person can participate in the “Deep Dive”. This online evolution and biodiversity. With a theme of “Gauss meets Humboldt”,
session, especially designed for young academics, will LIFE SUMMER SCHOOL participants will get interesting insights in the museum. Walk through the
combine a live talk from Berlin with attractive online “Aspects of Market-Consistent Valuation in Life exhibition, study the fossils in the microscope hall, or try the “physics in
offerings. Insurance” / Frank Schiller between”. An event definitely not to be missed!
Presentation on Monday 16.30
INNOVATION PLATFORM
GARDEN EVENT
The Innovation Platform is a forum that allows the dis-
5 June 2018, 19.00 – 22.00 | Venue: Estrel Summer Garden
cussion and further development of new and unusual DEEP DIVE
ideas to address current problems in insurance. Two After two congress days have passed, on Tuesday 5 June 2018, all attend-
The Deep Dive is intended to complement the program
researchers and/or practitioners will briefly present ees are welcome to join the “Garden Event” in the Estrel Summer Garden
by providing further background on a hot topic. It will be
innovative approaches to emerging risks. The audience right next to the congress center.
in the form of a 90-minute discussion session that goes
will then discuss one of these in detail in a workshop- Freshly barbecued food and cold drinks, smooth jazz music performed by a
more into the details of the corresponding regular ICA
type setting. band at an idyllic venue right next to the canal will offer the perfect atmo-
presentation. The Deep Dive will be given by Thomas
sphere to network with colleagues and develop new professional contacts.
Møller, complementing and further detailing his ICA
This event ensures a great and relaxing way to finish another congress day
AFIR INNOVATION PLATFORM talk on decision making in pensions. The Deep Dive will
of the ICA 2018 with its diverse congress and social program.
“Innovative Approaches to Emerging Risks” be recorded and provided online. The introductory and
Presentation on Tuesday 8:30 follow-up online sessions will introduce key ideas and
summarize important aspects of the Deep Dive. FAREWELL EVENT “TRADITIONAL FUNFAIR”
7 June 2018, 19.30 – 24.00 | Venue: Kalkscheune
SUMMER SCHOOL DEEP DIVE The final evening event will take place on Thursday 7 June 2018 in the
The Summer School is a series of two lectures within “Market Consistent Cash Flows for Benefits, Tax Kalkscheune, a former German machine factory. The “Traditional Funfair”
the ICA 2018 that clarifies the foundations of the econom- and Future Profits in Life and Pension Insurance”/ of the Farewell Event will take delegates to the old Berlin of the 1920s.
ically important and mathematically challenging topic Thomas Møller Visitors can enjoy various booth activities and fun games. Design your own
“market consistent valuation of liabilities”. Talks will be Presentation on Tuesday 8.30 typical German gingerbread to take home to friends and family. And whilst
given by Alexander McNeil for ASTIN and Frank Schiller all this is going on, the hurdy-gurdy will be playing traditional German fun-
for LIFE. fair songs to create just the right atmosphere. Could there be a better way
to bid a fond farewell to Berlin?
22 23JEWISH HERITAGE TOUR
This trip will focus on the places and traces of Jewish life in Berlin in the past
and present. In the old Jewish Quarter of Berlin we will search for traces of
the past and witness a new flourishing Jewish life in Berlin. We will see the
city´s first synagogue, the Jewish museum, the “Scheunenviertel” district,
sites of successful resistance against Nazi terror, and the city’s oldest Jew-
ish cemetery.
As the tour continues, you will learn about the cultural life of Berlin’s Jews,
see the Jewish grammar school, kosher cafes and the beautifully renovated
golden dome of the New Synagogue. You will feel that Berlin’s Jewish com-
munity, with its more than 10,000 members, is thriving again.
FIELD TRIPS HISTORY OF BERLIN
This bus tour focuses on the Third Reich, Cold War, Berlin Wall and former
After the congress program, ICA 2018 delegates are invited to join different social events. On Tuesday East Germany, including its most important sights. You will see remains of
and Thursday afternoon from 13.00 until approximately 17.30, ICA 2018 participants can choose from Goebbels’ Ministry of Propaganda, the site of Hitler’s bunker and the
Holocaust Memorial. Delve into the history of former East Germany and see
six different guided tours of Berlin’s most famous attractions as well as the hidden places in town. The the Wall Memorial at Bernauer Straße.
field trips are included in the delegate ticket. The number of participants for each trip is limited. You
You will visit the site of the famous tunnel 57 and a reconstructed part of
are therefore advised to book well in advance. the wall with a watchtower. The bus will take you to Checkpoint Charlie, an
iconic landmark of the Cold War. Another highlight of the tour will be the
former airport of Tempelhof where your guide will tell you more about the
HIGHLIGHTS OF BERLIN famous Berlin Airlift.
This trip covers all major sights of former East and West Berlin in one af-
ternoon and gives you a feeling for the differences of the former Western
and Eastern city. The bus takes you to the Brandenburg Gate, the Govern- BERLIN – ITS HIDDEN PLACES
ment Quarter with the Reichstag building, palaces from Prussian times
and many other famous sights. You already know the typical tourist attractions in Berlin and are curious to
see the hidden spots of the city? This bus tour will take you to charming
You will also see residential quarters with a bustling street life and trendy small streets with hidden galleries, cafes and green oases. Visit the fash-
districts on both sides of the former wall. Our guide will give you an idea of ionable districts of Kreuzberg, Prenzlauer Berg and Neukölln and see what
what it feels like to live in this thriving city today and how life is changing for makes them so special.
Berliners as the city grows together since it has become the capital of the
reunified Germany. Highlights of the tour will be a small waterfall in the middle of the city, the
“alternative” nightlife district Oranienstraße and multicultural bustling
street life and mosques in trendy districts. Discover the former airport
Tempelhof, which has been turned into a huge public park, and find out
where you can get the typical Currywurst.
BERLIN BY BUS AND BOAT
This trip combines all the advantages of a coach tour with the comfort of
enjoying the sights of Berlin aboard a Spree river boat. See the highlights
MODERN ARCHITECTURE IN BERLIN
of the former Western and Eastern city center with the remains of the
Wall, walk through the Brandenburg Gate and see famous sites such as This bus tour will show you the architectural highlights of Berlin and its
the reconstructed Paris Square or the Government Quarter. challenges after reunification as regards urban development – a city growing
together after decades of separation. During the tour, your guide will show
Visit hot spots of the Cold War such as Checkpoint Charlie and Potsdamer you Potsdamer Platz, an entire quarter built from scratch after 1995, or the
Platz. After boarding the boat, you will see some of the main attractions Government Quarter with the “Band of the Federation”, a building complex
from an entirely different perspective while smoothly cruising on the Spree. which links the East and West sides of the city.
You will see other unique buildings such as the Potsdamer Platz, the Hotel
Waldorf Astoria, heritage-listed Bikini Berlin complex and Kranzler Eck. At
the construction site of the Humboldt-Forum, have a look at the rebuilding of
the old baroque facades of the City Palace, yet another unique architectural
project in Berlin!
24 25OPTIONAL TOURS AND ACTIVITIES FEES AND PACKAGES
The additional field trips are not included in the ICA 2018 congress ticket. All tours need a minimum of Registration for the ICA 2018 opens from 1 December 2017. Full and half week tickets are available. The
20 persons to run. The number of participants is limited. You are advised to book your preferred tour well full week covers the scientific and social program from Sunday 3 June 2018 until Friday 8 June 2018.
in advance. Please find detailed information of the optional tours and activities on the ICA 2018 website. The first half week tickets includes the scientific and social program from Sunday 3 June 2018 until
Wednesday 6 June 2018. The ticket for the second half includes the congress program from Wednes-
POTSDAM AND ITS MARVELOUS PARKS AND CASTLES day 6 June 2018 until Friday 8 June 2018.
4 June 2018 | Full Day Tour | Language: English | Cost: EUR 99
If you wish to take a day off from bustling city life in Berlin, this tour will Registration includes admission to the scientific sessions as well as the social program. The attendance
make you feel like a king or queen! Spend the whole day in Potsdam with fee shall be understood per person plus, where applicable, the statutory Value Added Tax valid at the time
its palaces, gardens and lakes and enjoy the charming old town. Experience in question.
an inside tour of New Palace, see the Cecilienhof and Babelsberg castles
and enjoy this day full of exciting discoveries and dazzling beauty.
DELEGATES
FROM PRUSSIA TO THE GERMAN DEMOCRATIC REPUBLIC – Early Bird 1 Early Bird 2 Regular
SCHÖNHAUSEN PALACE FULL WEEK 1 December 2017 – 1 February 2018 – 1 April 2018 –
31 January 2018 31 March 2018 3 June 2018
6 June 2018 | Full Day Tour | Language: English | Cost: EUR 89
Berlin’s rich history has many facets. This bus tour will lead us to the beau- Regular € 1,380 € 1,505 € 1,630
tiful Schönhausen Palace, its Prussian roots and later its use in former East Speaker € 1,280 € 1,390 € 1,505
Germany. Join us for a tour of Schönhausen Palace, a baroque jewel which
has been reopened to the public after extensive restoration work in 2009. Academics € 1,180 € 1,280 € 1,380
© A.Savin, Wikimedia Commons
LET’S GO SHOPPING IN BERLIN Early Bird 1 Early Bird 2 Regular
8 June 2018 | Half Day Tour | Language: English | Cost: EUR 49 HALF WEEK 1 December 2017 – 1 February 2018 – 1 April 2018 –
Discover Europe’s shopping paradise! The first stop on this bus tour will be 31 January 2018 31 March 2018 3 June 2018
the KaDeWe, the biggest department store on the European continent.
Regular € 835 € 910 € 985
Next we will head to the gorgeous Friedrichstadtpassagen near to the
boulevard “Unter den Linden”. The trip will be rounded off with a walk in Speaker € 775 € 840 € 910
the trendy district around Hackesche Höfe.
Academics € 715 € 775 € 835
GUIDED TOUR OF GERMANY‘S LARGEST HOTEL – THE ESTREL
7 June 2018 | 9.30 – 11.30 | Language: English | 2 groups with 15 partici- ACCOMPANYING PERSONS
pants | Cost: EUR 10
Early Bird 1 Early Bird 2 Regular
This tour will give you interesting insights into the daily logistical master- 1 December 2017 – 1 February 2018 – 1 April 2018 –
pieces delivered at the Estrel. Visit the kitchen, learn about the technical 31 January 2018 31 March 2018 3 June 2018
facilities and the engineering and get an exclusive glimpse behind the
scenes of Germany’s largest hotel. Full week € 380 € 470 € 550
Half week € 235 € 290 € 340
GRAFFITI WORKSHOP
5 June 2018 | 9:00 am – midday | Language: English | 15-20 participants |
Cost: EUR 10
This workshop looks in particular at artists and those who would like to FURTHER INFORMATION?
become one. After a short introduction to the specific techniques used in
Up-to-date information on the congress program as well as the social program can be found on
graffiti art, the participants can jointly spray their graffiti with the help and
www.ica2018.org and in the monthly newsletter. Subscribe via the website.
instructions of a professional tagger.
26 27BERLIN PRE AND POST CONGRESS TRIPS
The Brandenburg Gate, the Charlottenburg Palace, the Museum Island or charming small streets with With more than 80 million inhabitants, Germany is not only one of Europe’s largest nations by population
nice cafés and green oases – Berlin, the expressive, multicultural and vibrant capital of Germany, and economic performance, it is also one of the most popular tourist destinations in the world. Amongst
combines history, culture, international influences and a hip lifestyle. With approximately 3.5 million the famous metropolises such as Berlin, Hamburg, Munich, Cologne, Frankfurt and Stuttgart, there are
inhabitants, Berlin is the capital of, and the largest city in Germany. It is also the second largest city in many more cities and regions that are worth a visit. Use the stay at the ICA 2018 in Berlin to discover
the European Union in terms of inhabitants. Germany and its marvelous sights with a pre or post congress trip! On the ICA 2018 website a selection
of congress trips to Germany and its neighbouring European countries can be found.
Berlin looks back on an eventful history of more than the Reichstag, the Deutsches Theater or the East Side
750 years. Various historic episodes have left marks on Gallery, there are also many culinary hotspots. Around
SINGLE-DAY TRIPS
the face and the atmosphere of the city. Especially the 4,500 restaurants serve almost every type of food. One
division of Germany into Eastern and Western parts plays particularly famous Berlin dish is the Currywurst, a fried Royal Castles of Neuschwanstein and Hohenschwangau
an important role in the history of Berlin and traces can sausage served in spicy tomato sauce. It is a dish defi- The breathtaking Royal Castles of Neuschwanstein and Hohenschwangau
still be seen at various sights such as the Berlin Wall or nitely not to be missed when visiting Berlin. are a must! This private, full-day royal castle tour trip starting in Munich will
Checkpoint Charlie, an iconic landmark of the Cold War. show you two of the palaces built by King Ludwig II of Bavaria. Extravagant
For all people who want to escape the city rush for a decorations, exquisite halls and breathtaking scenery of mountains and
Nowadays, Berlin is an open-minded city, a melting pot little while – Berlin is also known as a very “green” city. lakes – the Royal Castles are well worth a visit.
for many cultures. This is also reflected in its cultural With more than 2,500 green spaces and recreation areas
life – countless museums, theatres and galleries demon- as well as numerous lakes it offers various possibilities
strate that Berlin is an excellent destination when it to relax and enjoy nature. Go for a walk in the Tiergarten
comes to art and culture. Berlin, Europe’s biggest zoo, or relax at the “Tempelhofer MULTI-DAY TRIPS
Feld” site of a former airport and nowadays a large public
European Highlights Tour
Around 12.5 million people visit the German capital every park where locals enjoy picnics, sunbathing and sports.
year. In addition to the numerous cultural sights such as Europe has so much to offer – see the highlights in 7 days and explore di-
verse European countries including Austria, Germany, Hungary and Swit-
zerland in the round trip from Frankfurt/Main. The sights in Prague, Bratisla-
va, Vienna and many more cities will be on the schedule. Another
Conference venue
Estrel Berlin
unforgettable experience will be to explore Germany’s beautiful Black For-
Sonnenallee 225 est region and gaze over the serene lake Titisee.
12057 Berlin
www.estrel.com
INDIVIDUAL MULTI-DAY TRIPS
German Hanse
In the north of Germany, the city of Hamburg waits to be explored. Consid-
ered to be Germany’s gateway to the world, the city boasts the biggest port
in Germany and the second biggest in Europe. A huge port area with its
bustling maritime life, original Hanseatic charm and world famous night-
life are just a few good reasons to see this city as well as the Hanseatic
cities Lübeck and Bremen on your tour.
28 29INTERNATIONAL ACTUARIAL ASSOCIATION
The International Actuarial Association (IAA) is the worldwide association of professional actuarial associations,
with a number of special-interest sections for individual actuaries. Founded in 1895, the IAA exists to encourage the
development of a global actuarial profession that is acknowledged as technically competent and professionally
SECTIONS
reliable, ensuring that the public interest is served. The IAA has 72 Full Member Associations, representing approx-
imately 65,000 qualified actuaries in more than 112 countries, and 26 Associate Member Associations.
The mission of the IAA, as the worldwide organization of actuarial associations, is:
The ICA 2018 congress program is structured along eight special-interest sections related to the IAA • To represent the actuarial profession and promote its role, reputation and recognition in the international domain;
sections. The common primary objective of all sections is the promotion of actuarial research to push the and
boundaries of actuarial knowledge and to promote and facilitate an international exchange of views, • To promote professionalism, develop education standards and encourage research, with the active involvement
advice, research and practical information among actuaries and other experts involved in these fields. of its Member Associations and Sections, in order to address changing needs.
In order to encourage actuarial research and development in particular areas of practice, and to provide suitable
international forums for discussion among individual actuaries, the IAA has created specialized Sections with various
AFIR/ERM ASTIN AWB IAAHS LIFE PBSS categories of members. Currently, the IAA has seven sections: AFIR/ERM (Financial Risk & ERM), ASTIN (Non-life),
AWB (Volunteering), IAAHS (Health), IAALS (Life), IACA (Consulting) and PBSS (Pensions & Social Security).
The IAA hosts various conferences and events, such as the Council and Committee Meetings twice a year, the
AFIR/ERM (FINANCIAL RISKS AND ERM) LIFE (LIFE INSURANCE) Section colloquia or the International Congress of Actuaries, held every four years.
Promotes actuarial research in enterprise risk man- Promotes actuarial research and the exchange of
agement and financial risk fields, while facilitating an knowledge in the field of life insurance around the Further information on the IAA can be found on the website www.actuaries.org
international exchange of views, advice, research and world.
practical information among actuaries.
PBSS (PENSIONS, BENEFITS AND
ASTIN (NON-LIFE INSURANCE) SOCIAL SECURITY)
Promotes actuarial research, particularly in non-life Promotes the development of a growing role for actuar-
insurance and continually works to further develop the ies internationally and in individual countries in the fields
mathematical foundation of non-life insurance and of pensions, employee benefits and social security.
reinsurance.
PROFESSIONALISM
AWB (ACTUARIES WITHOUT BORDERS)
Professionalism for the actuarial profession compris- DEUTSCHE AKTUARVEREINIGUNG E.V.
Facilitates the provision of temporary actuarial ser-
es the application of specialist actuarial knowledge
vices, through the volunteer efforts of its members, in The German Association of Actuaries (Deutsche Aktuarvereinigung e.V., DAV) is the professional representation of
and expertise; the demonstration of ethical behavior,
geographies where there is a lack of such resources. all actuaries in Germany. It was founded in 1993, with various precursor organizations dating back to 1903, and current-
especially in doing actuarial work; and the actuary’s
ly has around 5,000 members. Another 1,600 candidates for membership are actively enrolled on its in-house educa-
accountability to a professional actuarial association
tion and examination program. Hence, the DAV is one of the seven biggest actuarial associations in the world. The
IAAHS (HEALTH INSURANCE) or similar professional oversight organization. The pro-
DAV was founded to provide independent expert knowledge for all mathematical issues concerning insurance,
Promotes and facilitates international exchange of fessionalism program focuses on all kinds of questions
finance and old-age provision. Further aims are to enforce a unified actuarial profession by means of training and
views, advice, research and practical information arising in this context.
professional ethics, to set a professional framework for DAV members supported by professional standards of prac-
among actuaries involved with public and private tice, as well as to inform and be available for supervisory authorities, political institutions and the general public.
health issues. EDUCATION
Currently, more than 600 members are actively giving their time on a voluntary basis, serving on twelve committees
Education will deal with different current and future and in over 60 working groups. Even more members are involved in the fields of education, CPD seminars, the higher
IACA (CONSULTING ACTUARIES) topics on (continuing) qualification of actuaries. There education environment and various international actuarial activities.
Promotes continued education that targets the needs will be a broad and interesting program.
of consulting actuaries. Further information on the DAV can be found on the website www.aktuar.de
30 31You can also read
