Are you developing an infrastructure geared towards the Solvency II EU Directive, ORSA or undertaking Asset-Liability Management and Modelling (ALM), e.g. for pension modelling ? If yes, Join us in our free Seminar : Developing and deploying analytics for the Insurance Industry Solvency II Capital Modelling, Insurance Risk, Asset-Liability Management

This seminar will start with an introduction to MATLAB Applications in the insurance industry to demonstrate how efficiently you can add capabilities and speed to your actuarial calculations. You will be guided on how MATLAB can be integrated with Excel, databases, web and other systems infrastructure popular in insurance.  This part will be presented in Greek language by Mr. K. Petsounis

In the second part (presented in English language), Model IT will present their Contract-Level simulation platform for calculating Pillar 1 Market Consistent Embedded Value and Solvency Capital Requirements. They will also provide case studies in life and non-life insurance and an Own Risk and Solvency Assessment (ORSA) process. Examples are built using high level definition language mSII developed by Model IT.

Using mSII a company can easily develop a realistic model to suit its specific needs. Risks can fully be modeled by using contract level (policy by policy) simulation at any stage. User/modeler can customize the models to match his own particular product, assumptions or projection methodology. Contracts are defined as cash flow agreements where cash-flows depend on user-defined stochastic events and processes.

Who Should Attend

• Insurance and actuarial calculations, including those working on Solvency II
• Economic capital modelling
• Asset-liability modelling and management, e.g. for pension modelling
• Valuation and hedging, e.g. for annuities and embedded options
• Academics and professional educators in actuarial science

Seminar Highlights

• Developing and deploying Analytics for the Insurance industry
• MATLAB capabilities for the Solvency II EU Directive and ORSA
• Actuarial valuation and risk analysis, including life and non-life examples

Lasse Koskinen, Model IT, D.Phil. (Math.). Lasse has a long experience working with insurance, financial markets and risk management. For the past 10 years he has been working for the local supervision in implementing risk management and solvency planning practices and Solvency II regulation. Lasse has active roles also inside research community in association with the Finnish Academy and Aalto University. Lasse's previous engagements include Financial Supervision (Finland), Finnish Center for Pensions (Finland) and National Institute for Economic Research (Sweden).

Timo Penttil, Model IT, Doctor of Business Administration. Timo has long experience working in asset management, pension industry and consulting. His previous experience includes developing portfolio management, performance measurement and risk management practices. Timo has wide perspective into financial industry with previous managerial assignments as Managing Director of Carnegie Asset Management and most recently Country Head of Nordea Investment Management.