EAA Summer Seminar "Model Development" on 7-9 July 2010 in Utrecht

The early-bird deadline for the EAA Summer Seminar “Model Development” on 7-9 July 2010 in Utrecht is coming up: Your early-bird registration fee is 695 € until 24th May 2010. After this date, the fee will be 775 €. Register now and save with the early-bird fee!

As an actuary you daily apply methods and models. Data is being analysed, interpreted and a conclusion on the risks will follow. But the financial crisis has revealed the wide gap between mathematical models of risk and the reality of uncertainty. In this seminar we will take a look at model development in broad perspective. The broad perspective means that also topics as guidance, risks in development, ERM and negotiation and presentation skills will be part of this Summer School.

‘Essentially, all models are wrong, but some are useful’ (attributed to statistical model pioneer, Professor George E.P. Box). Just how useful to the solvency and sound management of the business is the crux of whether supervisors are likely to approve an internal capital model under Solvency II. In particular, rather than coming up with reams of extraneous technical detail about the operation of the model, applicants first need to be able to prove that the model analysis is actually understood, trusted and used in the running of the business.

Please find additional information and a registration form at www.actuarial-academy.com. An overview on upcoming events is enclosed.

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