Seminars: Pricing in General Insurance

Seminars: Pricing in General Insurance

October 1^st to 3^rd, 2008 | St. Petersburg, Russia

organised by the European Actuarial Academy EAA in co-operation with the Russian Guild of Actuaries.

Introduction

A competent pricing in general insurance is a very important function enabling a successful management of an insurance company. It is based on high-levelled statistic and stochastic actuarial knowledge, used in all types of general insurance, but differently with regard to various product lines.

This seminar will focus on practical knowledge and actuarial techniques required for an efficient product development in non-life insurance.

Participants and Maximum

Preferably actuaries working in Russia and in other countries of Central and Eastern Europe are invited to attend the Seminar. Participants from other countries are also invited to join.

Purpose and Nature

The seminar is suited for actuaries or actuarial trainees that are directly or indirectly involved in issues with regard to actuarial pricing and product development within insurance companies. The aim is to transfer the newest knowledge and practice to ensure a serious calculation of premiums and financing the reserves.

The different courses of the seminar will start with an introduction into the topics and will continue with case studies. So the format is a very practical one.

Lecturers

Martin Balleer

Prof. Dr. Martin Balleer was the long term president of the German actuarial association (DAV). He is an honorary member of the German, British and Swiss actuarial association. He was a member of the executive board of the International Actuarial Association (IAA) and German delegate of the Groupe Consultatif d’Europeenne. Until 2007 he was a member of the advisory board of the German supervisory authority (BaFin). He was a member of the board of the German Gothaer insurance group for 27 years and integrated in several committees of the German insurers’ association incl. presidential board. Currently he is working as an actuarial adviser with special focus on Eastern Europe. He is a lecturer at Göttingen University for insurance techniques, risk management and insurance law.

Dorothea Diers

Dr. Dorothea Diers studied mathematics and computer science at the University of Münster and graduated in 1996. Later she achieved the certificate „Financial Risk Management“ of the Ulm University. Dorothea Diers works for Provinzial NordWest Holding AG at Münster where she is responsible for the development and integration of the internal risk model. In addition she is a lecturer at Ulm University in actuarial studies. Subjects of her research: dynamic financial analysis, asset/liability management, risk management, Solvency II and risk adjusted performance management. She is the author of: „Interne Unternehmensmodelle in der Schaden- und Unfallversicherung“, ifa-Verlag Ulm, 2007, and other papers. Dorothea Diers is a fully qualified actuary and a member of the German Actuarial Association (DAV) and of several actuarial working groups of DAV.

Jens Bartenwerfer

Dr. Jens Bartenwerfer studied economics at the University of Kiel. He is Head of the department “Motor Insurance, Motor Vehicle Technology and Statistics” within the German Insurance Association (GDV) where he specializes amongst others in data management, organisation of data collection, statistics, calculation of basic tariffs, risk modelling, simulations, Solvency II, development of software tools supporting data delivery and claims management. He is author of “Insurance statistics used by the Supervisory Authority” and other publications. Over the last years, Jens Bartenwerfer has advised different companies and associations in various Central and Eastern European countries.

Klaus-Peter Mangold

Klaus-Peter Mangold studied mathematics and actuarial science in Stuttgart and Munich. He started his professional career in reinsurance and joined Allianz in 1992, for which he held several actuarial positions in Germany, Austria and Asia Pacific. Currently, he is the Chief Actuary of Allianz P&C in Germany and is leading its actuarial team responsible for all pricing, reserving and actuarial risk modelling activities. Klaus-Peter Mangold is a fully qualified member of the German Actuarial Association (DAV). He sits on DAV's "Non-Life Insurance" and "Solvency and Financial Reporting" committees and is a member of numerous DAV working groups. He is also a member of the Risk Management Committee of the German Insurers Association (GDV) and worked as lecturer on several seminars.

Irina Kaiser

Irina Kaiser studied mathematics at Moscow and Hamburg University and graduated in 2000. She joint Aon Jauch&Hübener, Hamburg, and worked as an actuary for Aon Re Services. Currently she is Head of Aon Re Services CEE, Russia and CIS countries.
Irina Kaiser is a fully qualified actuary and member of the German Actuarial Association. She is a member of the German ASTIN committee and of the Solvency II working group regarding non-life insurance. Within the European Actuarial Academy (EAA) she supports the activities for Russia and Russian speaking countries.

Gudrun Klessinger

Gudrun Klessinger studied Statistics at the University of Munich, Germany. She started her professional life in 2001 within Munich Re Group as Graduate Trainee in the department of Casualty Pricing and Reserving. Since 2005, she's on a delegation to New Reinsurance Company in Geneva, Switzerland. Her responsibilities are pricing of long tail business for all European markets. In 2006, she became a qualified actuary (DAV, German Actuarial Association).

Andrey Safonov

Dr. Andrey Safonov studied mathematics at Moscow State University. He held several actuarial positions in Russian companies. Currently he is Chief Actuary of Ergo Russ. Andrey Safonov is member of Guild of actuaries (Russia) and member of Board of Management of the Guild. He is a head of General Insurance Committee of the Guild.

Nadezda Sukhanova

Nadezda Sukhanova studied mathematics at Moscow State University. She worked as an actuary for several Russian companies. Currently she is Chief Pricing Actuary in Ingosstrakh. Nadezda Sukhanova is member of Guild of actuaries.

Language

The language of the seminar will be English.

Programme

Tuesday, September 30th, 2008
19.00 – 21.00	Welcome reception (drinks and snacks)
Wednesday, Oktober 1st, 2008
08.45 – 09.15	Registration
09.15 – 09.30	Introduction and welcome by the chairman and the representative of EAA
09.30 – 10.30	Pricing of insurance products in general - Martin Balleer
10.30 – 11.00	Break
11.00 – 12.30	Pricing in the context of risk management - Dorothea Diers
12.30 – 13.30	Lunch
13.30 – 15.00	Statistics in motor insurance - Jens Bartenwerfer
15.00 – 15.30	Break
15.30 – 17.00	Pricing in motor insurance - Jens Bartenwerfer
19.00	Formal dinner
Thursday, October 2nd, 2008
09.30 – 11.00	Pricing technics in property insurance: private LOB Klaus-Peter Mangold
11.00 – 11.30	Break
11.30 – 13.00	Pricing technics in property insurance: commercial LOB Klaus-Peter Mangold
13.00 – 14.00	Lunch
14.00 – 15.30	Experience rating in motor insurance: claim counts or claim amounts? Building up Bonus-Malus system in a Russian company Andrey Safonov and Nadzda Sukhanova
15.30 – 16.00	Break
16.00 – 17.00	Panel discussion
19.00	Social event
Friday, October 3th, 2008
09.30 – 10.45	Pricing of reinsurance contracts: short tail - Irina Kaiser
10.45 – 11.15	Break
11.15 – 12.30	Pricing of reinsurance contracts: long tail - Gudrun Klessinger
12.30 – 13.00	Concluding remarks and closing of the seminar by the chairman and the representative of EAA
13.00	Lunch

Fees & Registration

Please register for the seminar as soon as possible because of the expected demand. We recommend registration until 01st August 2008. If there are more persons interested in this seminar than places available we will give priority to the registrations having been first to arrive. Please send your registration as soon as possible by using our online registration form.

Your registration is binding. Cancellation is only possible up to 4 weeks before the first day of seminar. If you cancel at a later date, the full seminar fee is due. You may appoint someone who takes your place, but must notify us in advance. EAA has the right to cancel the event if the minimum number of participants is not reached.

Payment must be effected on receipt of invoice. Please always give your invoice number when you effect payment. Bank charges must be borne by the participant. We will send you an invoice, please allow a few days for handling.

Your Early-Bird-Registration Fee is € 595 until 01st August 2008 the latest. After this date the fee will be € 650.

Payment to:
European Actuarial Academy GmbH
Hohenstaufenring 47-51
50674 Köln
Germany

Bank
Hypo Vereinsbank Köln
bank identification code: 370 200 90
account number: 337 909 558
IBAN: DE15 3702 0090 0337 9095 58
SWIFT (BIC): HYVEDEMM429

Accommodation

The seminar will take place in
Hotel Azimut, 43/1, Lermontovsky prospect, Saint-Petersburg, 190103, Russia.
tel. 007-812-740-28-40 # 97-08
fax 007-812-740-26-68
e-mail: kzemtsovskaya@azimuthotels.ru
Prices of rooms depend on the room category, betwenn 2.600 Rubels and 4.600 Rubels per night.
Important: You should book your accommodation directly with the hotel. Please note the deadline for reservations, and note the hotel’s cancellation policy.

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