3rd EUROPEAN CONGRESS OF ACTUARIES

Actuary 2020 – A profession on the move

6-7 June 2019Lisbon, Portugalwww.eca2019.org

Organised by:

Hosted by:

EUROPEAN CONGRESS OF ACTUARIESC/O EUROPEAN ACTUARIAL ACADEMY

Hohenstaufenring 47-51 50674 CologneGermanyTel. +49 221/9125540www.eca2019.org

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Bronze

Silver

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PARTNERS2

TABLE OF CONTENTSInvitation 4

Information 6

Floor Plans 7

Timetables 10

Catering/Exhibition 20

Gala Dinner 22

Optional Tours 23

About Lisbon 24

About AAE 25

About IAP and EAA 26

The European Congress of Actuaries has established itself as one of the most important events in Europe. It provides opportunities for network-ing and encourages sharing of best practice among actuaries across Europe. While traditional areas are important it helps us open our eyes to wider fields like sustainability and advance predictive analytics.

Esko Kivisaari, Chair of the Actuarial Association of Europe

As one of the hosts of the 3rd European Congress of Actuaries we are proud to welcome over 260 experts from all over Europe and beyond to Lisbon, the vibrant capital of Portugal. With an outstanding congress programme and an evening event in picturesque vineyards, the ECA promises to be an excellent congress experience.

José Mendinhos, President of the Instituto dos Atuários Portugueses

VENUE WI-FI

Altis Grand HotelRua Castilho, 111269-072 Lisbon

Tel: +351 213 106 000www.altishotels.com

1. Choose the Wi-Fi option “Altis Grand Hotel”

2. Select the option “Events”3. Enter the password

“ECA2019”5

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With the help of many dedicated volunteers we have been able to pre-pare an exciting event including a congress programme with well-known guest speakers and experts from all over Europe. The ECA 2019 will give many opportunities for professional discussions and extending personal networks. The full programme will also be available as recordings on www.actuview.com enabling even more actuaries to join.

Wilhelm Schneemeier, Chair of the ECA 2019 Steering Committee

ECARegistration

6 June 2019

Lobby Entrance/Exit

ToECA 2019

INFORMATION

GROUND FLOOR(FLOOR 0)

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CPD Credits: Attendance at the ECA 2019 will earn you around 10 hours/points of CPD. The number of CPD hours/points granted for your participation in the ECA 2019 depends on multiple factors and varies between associations. Separate form for submission to your home association in order to apply for CPD credits will be available after the congress.

Help Desk: If you have any questions, please come to the help desk located in the basement of the venue between the rooms LONDRES and EUROPA. Opening hours of the help desk are: 6 June 2019: 8.00-16.30 7 June 2019: 8.00-16.30

Photos and Livestream: Photos and videos will be taken and recorded during the congress. Videos of the sessions will be broadcast live and provided as recorded sessions on www.actuview.com. Selected photographs will be published on the ECA website and social media platforms.

Mobile App: ECA 2019 features a free mobile app for android and apple phones. Alternatively, the app is also available as a web version at app.eca2019.org.

If you want to download the app, please type in “ECA 2019” in your app store and look for this icon!

EUROPA(Plenary hall)

LONDRES(Catering/Exhibition)

ToROMAonly

MILÃOROMA

ToEUROPA

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GALERIA

GALERIA

BASEMENT (FLOOR -1)

FIRST FLOOR (FLOOR 1)

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EUROPA (Floor -1) ROMA (Floor 1) MILÃO (Floor 1)

11.00-11.30

The Roles of the Independent Actuary in the Assessment of Personal Damages Caused by

Traffic Accidents Olga Gómez Pérez-Cacho

(University of Málaga), Rafael Moreno Ruiz

(University of Málaga), Eduardo Trigo Martinez (University of Málaga)

Finding Value in Data Insights from With-Profits

Consumers SurveysRosalind Rossouw

(Sun Life Financial of Canada)

Actuaries and Operational Risk Management

Malcolm Kemp (Barnett Waddingham),

Eddy Van den Borre (AG Insurance)

11.30-12.00

Solvency II Pillar 1 Benchmark

Thomas Béhar (Actuarial Association of Europe),

Tony O’Riordan (Actuarial Association of Europe)

Meeting the Challenge of Ageing in the EU

Maria Economou (Actuarial Association of Europe)

Application of Data Science in Insurance –

from Hype to Reality Helene Kubon Skulstad (PwC),

Bence Zaupper (PwC)

09.00-09.30

Welcome EUROPA (Floor -1)

09.30-10.30

Plenary Session I “Living on the edge” 21 Years On

Paul Embrechts (Professor em of (Insurance) Mathematics at the ETH Zurich)

EUROPA (Floor -1)

10.30-11.00

Coffee Break LONDRES (Floor -1)

TIMETABLE THURSDAYDay 1, 6 June 2019

Day 1, 6 June 2019

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EUROPA (Floor -1) ROMA (Floor 1) MILÃO (Floor 1)

14.00-14.30

Transition to IFRS 17: Fair Value Approach

Kurt Lambrechts (Milliman)

Proportionate Economic Scenario Generators

Malcolm Kemp (Barnett Waddingham)

The Emergence of the Full Stack Actuary

Arnaud Deltour (AXA)

14.30-15.00

IFRS 17 for Non-Life (Re-)Insurers

Dirk Rohmeder (Swiss Re)

Defining Risk-Differentiating Variables: New Approach

of Health Insurance Pricing Methods

Soraia de Sousa Bornett (Multicare/ISCTE)

Are Actuaries Independent Guardians of Financial

Security or Just Telling a Convenient Tale? Michael Fackler (self-employed)

15.00-15.30

Coffee Break LONDRES (Floor -1)

EUROPA (Floor -1) ROMA (Floor 1) MILÃO (Floor 1)

12.00-12.30

Status Report of Solvency II Review

Siegbert Baldauf (self-employed)

Mortality of Elite Athletes: an Application to Football Players

Onofre Alves Simões (University of Lisbon)

Actuarial Derivation of the Cost of Credit-Default Risk

Fernando Mierzejewski (AG Insurance)

12.30-13.30

Lunch LONDRES (Floor -1)

13.30-14.00

Approaches to Evaluate Risk Adjustment under IFRS 17

Thomas Béhar (CNP Assurances),

Hamdi Kacem (CNP Assurances)

Challenges in Critical Illness Insurance

Ronald Schwärzler (Gen Re)

The Role of the Actuary in the Independent Actuarial Advice

in Spain Luis María Sáez de Jáuregui

(Instituto de Actuarios Españoles, AXA)

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Day 1, 6 June 2019

Day 1, 6 June 2019

09.00-10.00

Plenary Session IIIEuropean Supervision in a Changing Environment

Gabriel Bernardino (Chairman of the European Insurance and

Occupational Pensions Authority) EUROPA (Floor -1)

10.00-10.30

Coffee Break LONDRES (Floor -1)

EUROPA (Floor -1) ROMA (Floor 1) MILÃO (Floor 1)

10.30-11.00

IFRS 17 and Actuaries – Does That Square?

Tigran Kalberer (Milliman)

Predicting Disability Pensions with Machine Learning Classification Models

Jarno Varis (Finnish Centre for Pensions)

Elements of Narrow Artificial Intelligence in Reserving

Loup Ortiz (Milliman)

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15.30-16.30

Plenary Session II Insurance in the 2020s: The Potential Impact of Technological

and Medical Advances on the Industry Jan-Hendrik Erasmus

(CRO NN Group, Chairman CRO Forum) EUROPA (Floor -1)

17.00-22.30

Gala Dinner

Venue: Quinta de CatralvosE.N. 379 - km 19, 2925-708 Azeitão

Meeting point: 16.50 in hotel lobbyBuses leave in front of hotel at 17.00 the latest

Day 1, 6 June 2019

Day 2, 7 June 2019

TIMETABLE FRIDAY

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EUROPA (Floor -1) ROMA (Floor 1) MILÃO (Floor 1)

13.00-13.30

What Are the Knowledge and Skill Requirements for Actuaries? An Analysis of

Job AdvertisementsManuela Ender (Salzburg

University of Applied Sciences)

Italian Disabled Workers‘ Survival: The Variables That

Affect the Phenomenon Laura Baradel (INAIL), Daniela Martini (INAIL)

Legal and Political Recognition: Fundamentals for the

Profession Karel Goossens (Actuarial

Association of Europe), José Mendinhos (Instituto dos

Atuários Portugueses), Luis María Sáez de Jáuregui

(Instituto dos Atuários Portugueses)

13.30-14.00

Actuarial News (Good and Bad!): Dos and Don’ts in

Your Communication Caroline Grégoire (CG4

Coaching), Eberhard Müller (riskmueller

consulting)

Measuring Adequacy and Facing Longevity Risk in Social

Security Raffaello Marcelloni (INAIL),

Daniela Martini (INAIL)

The AAE’s Bright(er) Future: a Diversity-Based Approach

Fabian Derenne (Patronale Life)

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EUROPA (Floor -1) ROMA (Floor 1) MILÃO (Floor 1)

11.00-11.30

CERA for Actuaries in Europe Frank Schiller (Munich Re)

Guarantees in Germany: Where Are We and Does It

Make Sense? Alexander Finke (ERGO),

Johannes Lörper (German Association of Actuaries)

Non-Life Pricing Procedure on Encrypted and Anonymous Data

Thomas Poinsignon (Milliman)

11.30-12.00

Facing the Newest Challenges, Improving in a Constantly

Evolving Profession Carla Sá Pereira (Ernst & Young)

Very Long Term Historical Investment Return Data – What Can We Learn from

Looking Back 200-750 Years into History?

Colm Fitzgerald (University College Dublin)

North Atlantic Hurricane Clustering:

A New Reality? Dimitris Papachristou

(Bank of England)

12.00-13.00

LunchLONDRES (Floor -1)

Day 2, 7 June 2019

Day 2, 7 June 2019

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EUROPA (Floor -1) ROMA (Floor 1) MILÃO (Floor 1)

14.00-14.30

Teaching Life Insurance Mathematics and Techniques: Does “Tradition” Comply with

Current Scenarios? Ermanno Pitacco (University

of Trieste)

Mitigating the Global Pension Crisis: a Compilation of

Actuarial Innovative Ideas Abraham Hernández

(PBSS)

Strategy and Governance of AAE

Thomas Béhar (Actuarial Association of Europe)

14.30-15.00

Coffee Break LONDRES (Floor -1)

15.00-16.00

Plenary Session IV Insights to IFRS 17 Insurance Contracts

Darrel Scott (Board Member of the International Accounting Standards Board)

EUROPA (Floor -1)

16.00-16.30

Closing EUROPA (Floor -1)

Day 2, 7 June 2019

ScheduleThe mobile app ECA 2019 includes the full programme with all abstracts,

presentations and additional material and can be used to design your personal itinerary. Look for this icon in the left hand navigation of the ECA 2019 mobile app.

SpeakersA comprehensive list of all speakers including their biographies can be

found in the mobile app ECA 2019.Please look for this icon in the left hand navigation of the ECA 2019 mobile app.

Don’t worry if you were not able to attend all the ECA 2019 sessions you wanted!As an ECA 2019 delegate you can join the congress online on www.actuview.com free of charge! All sessions of the ECA 2019 will be provided as recorded sessions immediately after the event. Additionally, thanks to the very successful Call for Papers, actuview will also feature nine exclusively produced online sessions.

Accessibility to the rooms The hotel is fully accessible. Between the rooms EUROPA and ROMA there is an additional small lift, but in order to avoid crowds and queues we recommend using the more spacious main lifts or main stairs. All routes are well signposted. If you still need help finding a room, the ECA team will be happy to assist.

Entrance

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Catering area

LONDRES

CATERING/EXHIBITION

Located in the basement (Floor -1) of the hotel, room LONDRES is the central meeting place during all coffee and lunch breaks.

In addition to the buffet and refreshment zones, the area also includes the exhibition booths. Four sponsors of the ECA 2019 will showcase their company and products here. Furthermore the EAA, the Euro-pean knowledge centre for actuaries and the organiser of the ECA 2019, as well as actu-view, the first streaming plat-form for actuaries, will be pres-ent as exhibitors, too.

The lunch menus for both days can be found in the mobile app

of the ECA 2019 in the FAQ section. If you suffer from aller-gies or food intolerances and need help in choosing the right food, please ask the catering staff/chefs on site (you will recognise them by their uni-forms). They will be happy to assist you.

PartnersA list of all ECA 2019 partners including a

short description and a link to their exhibition booth (in the event that they are also exhibi-tors) can be found in the mobile app. Please look for this icon in the left hand navigation.

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EXHIBITORS

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Sintra and Cabo da Roca (Accompanying persons)6 June 2019 (9.00-16.00)

Sintra has charming palaces and manor houses scattered around the hills of the Serra de Sintra. The tour includes a visit to the National Palace of Pena, the ultimate exponent of Ro-manticism in the 19th century in Portugal. Cabo da Roca is the westernmost point of Continen-tal Europe. All participants will receive a hand-written certifi-cate as proof of their visit.

Lisboa, Batalha, Alcobaça, Nazaré and Óbidos (Delegates and accompanying persons)8 June 2019 (9.00-18.00)

The tour includes a visit in the Monastery of Santa Maria da Victória in Batalha. Built in 1388, it is one of the most beautiful examples of Gothic architecture in Portugal. Next stop is Alcobaça where the Abbey of Santa Maria, a master-piece of Cistercian Gothic art and a UNESCO World Heritage

site, will be visited. After lunch the tour stops at the fishing village of Nazaré. After a walk along the seafront an elevator takes delegates on a scenic trip to the Sítio da Nazaré, where there is a viewpoint with a breathtaking view of the vil-lage, the beach and the Atlantic Ocean. The journey on the way to Lisbon will stop in Óbidos, a charming Portuguese town, completely enclosed within the ramparts of the Medieval Castle.

GALA DINNER

OPTIONAL TOURS

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With over 240,000 hectares of vineyards, Portugal is one of the most famous wine producing countries in Europe. One of the numerous vineyards is Quinta de Catralvos, located outside Lisbon in the middle of 25 hec-tares of vineyards.

As soon as the bus shuttles arrive at the vineyard, experienced guides will explain the most important facts on winemaking while guests can taste five locally produced wines. Portuguese

sausage and a local delicacy, Azeitão cheese, complete this culinary excursion.

Following the wine tasting, a four course dinner awaits the participants. The menu includes fish and meat and offers suitable alternatives for vegetarians or those with special dietary re-quirements on request. The shuttle buses leaving the venue from 21.45 until 22.30 will en-sure that all delegates safely return to downtown Lisbon.

Gala DinnerDetailed information including the menu

can be found in the mobile app. Please look for this icon inthe left hand navigation.

The Actuarial Association of Europe (AAE) was established in 1978 under the name Groupe Consultatif to represent actuari-al associations in Europe. Its purpose is to provide advice and opinions to the various organi-sations of the European Union – the Commission, the Council of Ministers, the European Par-liament, EIOPA and their various committees – on actuarial is-sues in European legislation.

The AAE currently has 36 mem-ber associations in 35 European countries, representing over 25,000 actuaries.

Advice and comments provided by the AAE on behalf of the European actuarial profession are totally independent of in-dustry interests.

ABOUT LISBON

ABOUT AAE

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Rated as one of the world’s top 10 cities by the Lonely Planet Guides, Lisbon is the vibrant and historic capital of Portugal. With an estimated population of 500,000 Lisbon is also the larg-est city in Portugal. And it has a lot to offer. From historic monu-ments, impressive bridges and squares to remarkable museums and lovely restaurants.

The Instituto dos Atuários Por-tugueses has compiled a list of insider tips to fully explore

Lisbon. The tips include must-see attractions, beautiful parks to see and nature to enjoy, recommended restaurants to sample Portugal’s culinary diversity, interesting museums to visit as well as trips to attrac-tions outside Lisbon.

Lisbon & optional toursThe insider tips for Lisbon and information

on the optional tours can be found in the mobile app.

ABOUT IAP AND EAA

ENJOY THE 3RD EUROPEAN CONGRESS OF

ACTUARIES27

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The Instituto dos Atuários Portugueses (IAP) was created in 1945 by some of the most important Portuguese personalities in mathematics, fi-nance and citizenship at the time. Since then, it has fought for the standing of the profession, contributed to the training of multiple genera-tions of actuaries and has represented Portu-guese actuaries on all manner of technical and professional issues. The IAP has more than 300 members.

The EAA – European Actuarial Academy was founded in 2005 by the actuarial associations of Austria, Germany, Switzerland and the Nether-lands and offers CPD for actuaries and CERAs on a cross-border basis. Its foundation was a re-sponse to the increased demand of Central and Eastern Europe countries for actuarial knowl-edge and expertise. In 2018 the EAA organised numerous seminars and webinars with approxi-mately 600 participants in different countries.

3rd EUROPEAN CONGRESS OF ACTUARIES

Actuary 2020 – A profession on the move

6-7 June 2019Lisbon, Portugalwww.eca2019.org

Organised by:

Hosted by:

EUROPEAN CONGRESS OF ACTUARIESC/O EUROPEAN ACTUARIAL ACADEMY

Hohenstaufenring 47-51 50674 CologneGermanyTel. +49 221/9125540www.eca2019.org