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Schedule of ECA 2019 Papers (1.50 CPD)

ECA 2019 Papers (1.50 CPD)

Schedule of Three ECA Papers 2019

On Wednesday 04 December:
17:30 - 17:35 Welcome and Introduction
17:35 - 18:05 First presentation: Actuarial derivation of the cost of issuing structured debt By MIERZEJEWSKI Fernando
18:05 - 18:35 Second presentation: IFRS 17 - Fair Value Approach By LAMBRECHTS Kurt
18:35 - 19:00 Break
19:00 - 19:30 Third presentation: An alternative vision to the technical and formula-based actuarial papers. By DERENNE Fabian
19:30 - 19:40 Conclusions
  1. From 17:35 to 18:05

    First presentation: Actuarial derivation of the cost of issuing structured debt

    By MIERZEJEWSKI Fernando

    Assessing the capital consumption of credti default risk.

    Documents

    This activity has one linked document: ABSTRACT Actuarial Derivation of the cost of issuing structured debt ....pdf.

  2. From 18:05 to 18:35

    Second presentation: IFRS 17 - Fair Value Approach

    By LAMBRECHTS Kurt

    Transition under IFRS 17

    IFRS 17 provides for existing insurance liabilities three methods to do the transition to this new accounting standard: a retrospective approach, a modified retrospective approach and a fair value approach. In an extensive case study by EFRAG, 30% of respondents indicated they will use the fair value approach. This approach has significant differences with the general approach of IFRS 17, as its rules are set by IFRS 13. This session discusses the characteristics and impact of these differences.

  3. From 18:35 to 19:00

    Break

    Some drinks and small snacks.

  4. From 19:00 to 19:30

    Third presentation: An alternative vision to the technical and formula-based actuarial papers.

    By DERENNE Fabian

    In an attempt to support a certain diversity, I would like to offer an alternative vision to the technical and formula-based actuarial papers and propose a broader reflection based on the European motto “In varietate Concordia”. This presentation focuses on the importance of a shift in focus from reducing the risk in the actuary’s activities to favoring an all-encompassing approach focused on diversity. I’m going to (re-)define and clarify the concept of diversity, present 3 different implementation paradigms and offer my own personal interpretation of these concepts. Taking in to account different parameters I aim to highlight the importance of developing a diverse workforce, its effects on the group’s performance (and learning abilities), the impact on the role of the actuary and the importance of developing independent actuarial Belgian and European actuarial communities and institutes.

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