Operational Risk for Actuaries

Announcement from the EAA organiser:

Operational risk is the risk of loss, arising from inadequate or failed internal processes, people and systems or from external events. That is the definition of operational risk for regulatory purposes. Operational risk management is usually part of ERM and actuaries are typically not involved in these processes. That is often because of poor data related to rare events and some lack of methodologies. The goal of this web session is to provide actuaries with tools and ideas how to better involve in operational risk management and how to use existing actuarial toolboxes to improve valuation of operational risk.

The web session is intended as an introduction for actuaries and risk managers wishing to learn more about operational risk management. It is designed for those who will be directly involved in operational risk management or interested in this topic in a more general way. The web session presumes only basic actuarial knowledge.

The web session will cover a broad range of topics in operational risk management that are relevant to actuarial practice. The content of the session follows a similar structure as the AAE paper “Actuaries and Operational Risk Management”.

Technical Requirements: Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure that you are joining the web session with a stable internet connection.

Click here to make a reservation: Your early-bird registration fee is € 200.00 plus 19% VAT for bookings by 12 January 2023. After this date, the fee will be € 270.00 plus 19% VAT.