News from Member Associations

February 2016

Deutsche Aktuarvereinigung (DAV), Germany
Annual Meeting 2016

The Annual Meeting of DAV and its scientifically orientated partner organization DGVFM will take place from April 27–29 in Bremen, Germany, and the organizers are expecting more than 1,000 attendees. This year’s conference will focus on big data, and the second day will be opened with a public event where experts will present the applications and consequences of big data in various insurance fields.

The meeting will conclude with the 15th Scientific Day of DGVFM, which aims to link applied research with actuarial practice in the insurance and finance industries.

DAV welcomes 271 new members
In January DAV admitted 271 new members; it now has more than 4,700 fully qualified actuaries. A further 2,200 candidates for membership are undergoing training to become an actuary.

The board is inviting all new members to a welcome reception during the Annual Meeting in Bremen. In addition to their certificate, new members also receive a brochure with detailed information about the DAV and DGVFM as well as relevant international developments.

EAA – European Actuarial Academy (EAA)
Webinar: Big Data Analytics for Insurance – An Introduction

The subjects of big data and business analytics are gaining importance along the entire insurance value chain, especially in sales, underwriting, pricing and claims processing. This webinar on March 7 is an introduction to big data analytics for insurance. Concrete examples, mainly from health and motor insurance, will be provided and the event will answer the following questions:

• What is big data?
• What are analytics?
• Why is this important for insurance?

Registration costs € 100 plus 19% VAT, and more details are available here.

Big data and analytics will be covered in more detail in the EAA seminar in June. To receive more details as they are published, register for the EAA Newsletter at its website.

CPD seminars on up-to-date topics
The following are among the EAA seminars taking place in 2016:

• Asset Management in a Challenging Market Environment, March 17–18, Berlin, Germany;
• Advanced Non-Life Pricing: Practical Implementation of Modern Techniques in R, April 11–12, Prague, Czech Republic; and
• Understanding IFRS 4, Phase II, May 19–20, Budapest, Hungary.

Next run of the CERA seminar series
In September 2013, the EAA started a series of seminars for actuaries in ERM. It consists of six different modules based on the German education route to become a CERA (Chartered/Certified Enterprise Risk Analyst/Actuary) and is approved by the CERA Global Association for actuaries from Denmark, Germany and Switzerland.

The EAA programme’s next run starts this month, and the first two seminars in Zagreb are already fully booked. Make sure to save your place for the following modules and book online:

• Processes in ERM, April 18–19, Cologne, Germany
• ERM – Economic Capital, April 20–21, Cologne
• Classification and Modelling of Risks, September 19–21, Zagreb, Croatia
• Risk Management Tools and Techniques, September 22–23, Zagreb

Society of Actuaries (SOA)
New SOA Staff Fellow in Beijing

The SOA has hired a new staff Fellow, Jessie Li, FSA, who will be its lead China representative.

Jessie has a BSc in Actuarial Science and a master’s in Finance from the University of Hong Kong, and more than 11 years’ actuarial consulting experience in Hong Kong and Beijing. She has worked with Towers Watson in Beijing, where she is an integral part of many client projects, including key liaison to the China Insurance Regulatory Commission and the China Association of Actuaries.

An important part of her new SOA role is to plan and produce continuing professional education and networking events in China, and to serve as a resource and support for local candidates taking the SOA’s actuarial exams. She will work with the SOA membership and staff, including the society’s China Committee and Hong Kong staff member Wai Ling Yung. She can be reached at jli@soa.org.

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