Practical Machine Learning Applications in Finance & Insurance

Event Type
Web Session
Organizer
European Actuarial Academy
Date
Time

Start time: 8.00 am (Irish Standard Time)

End time: 12.00 pm (Irish Standard Time)

Venue
Online: zoom
Description

Announcements from the European Actuarial Academy organiser: Artificial intelligence is currently on everybody’s lips and seems to be vital for industry to be successful at the market. Researchers and practitioners are learning the basic techniques of machine learning to develop new products and improve analyses including forecasting, among others. We are highly interested in improving processes and applications in companies, in particular to make better decisions and developing high-end products. More and more researchers from different disciplines use deep learning techniques to understand and explain phenomena and relationships better. This web session aims at introducing and building machine learning techniques with the focus on regression and classification problems. We consider the sound application on several practical problems in finance and insurance. Hereby, we introduce how to implement machine learning techniques in Python and execute some group work, with the goal to put the participants in the position to solve any specific problem of interest.

The web session is open to all interested persons. In particular, this session is not limited to actuaries: Practitioners working in (financial) industry as well as students and researchers with quantitative background are welcome to join.

Technical requirements
Please check with your IT department if your firewall and computer settings support web session participations (the programme Zoom is used for this online training). For group work please install an Python environment in order to run and adapt Python code; Jupyter notebooks will be sent out for testing purposes in advance.

The objective of this web session is that participants should become familiar with machine learning techniques used to solve practical problems in finance, banking and insurance. To achieve this we begin from the scratch and introduce machine learning techniques step by step: To start with, we give an overview of this interesting field with the primary focus on several techniques such as neural networks, among others. The key for an efficient application is the way of training machine learning algorithms and thus we focus our attention on this optimization as well. We strengthen our learned knowledge by focusing on several case studies: We consider an example within the Solvency II context such as implementing an internal model to calculate the Solvency Capital Requirement (SCR), but also applications to financial market such as option pricing by Monte Carlo methods or trading strategies. During our complete web session we learn how the introduced algorithms can be implemented so that the participants are able to build up their own use cases in Python at the end. A vital part of this web session is the group work to get familiar with the implementation.

CLICK HERE TO MAKE A RESERVATION. Your early-bird registration fee is € 150.00 plus 19% VAT for registrations by 1 October 2021. After this date, the fee will be € 205.00 plus 19% VAT.

Agenda

Introduction of Machine Learning
Applications – Part I: Solvency II Internal Model & Option Pricing
Applications – Part II: Algorithmic Trading (Introduction and Group Work)
Wrap up, Discussions, Q&A

Speakers/Presenters
Dr Christian Jonen
Biographical details

Dr Christian Jonen
Christian is leading the internal model validation unit at Generali Deutschland AG. He holds a PhD in mathematical finance and is a member of the German Association of Actuaries (Aktuar DAV). Before his time at Generali, he worked as an IT project manager in the department Change Delivery at HSBC.