EEA Web Session: Assets and Liabilities Management (Part 2: Advanced)
Announcement from the EEA organiser:
For an insurance company, ensuring the proper coordination between assets and liabilities in order to achieve targeted financial objectives is of paramount interest. A strategy used to reach such objectives is "asset and liability management" (ALM in short). ALM can therefore be viewed as any ongoing process that defines, implements, and monitors financial strategies to manage assets and liabilities together.
In recent years, the modelling tools used in ALM strategies have become increasingly sophisticated and the technical aspects of current insurance regulation have increased. As a result, some ALM aspects have become more and more difficult to understand and master.
The aim of this training is to
- Define what ALM is and describe the typical missions of an ALM department in an insurance company
- Present the financial risks on which ALM classically focus as well as the requirements of the Solvency II regulation for insurance companies
- Describe the essential quantitative ALM tools and methods used by insurance companies to evaluate and mitigate the risks
- Illustrate the different concepts through numerical examples and case studies to make it practical and not just theoretical
This ALM training starts with the first part on 16-18 September 2024 (bookable separately), which is primarily an introduction to main concepts of ALM. The second part is more advanced and intended for those wishing to gain more in-depth expertise on the topics. It includes some mathematical technicity, but nothing that goes further than a solid high school level.
The participants will be requested to look at two e-learning capsules which contain pedagogical presentations of the concepts with examples. They can be followed by the participants whenever they want between the web sessions, as pre-requisites. The participants will perform exercises and case studies in Excel.
Click here to make a reservation. Your early-bird registration fee for 'Assets and Liabilities Management (Part 2: Advanced)' is € 600.00 (net) / € 714.00 (incl. VAT, if applicable) for bookings by 2 September 2024. After this date, the fee will be € 780.00 (net) / € 928.20 (incl. VAT, if applicable).
Click here (Note: timing via that link is in CEST [Central European Summer Time].)
Natacha Brouhns (Reacfin)
Mrs. Natacha Brouhns is a Managing Partner of Reacfin. She holds multiple degrees including a PhD. in Actuarial Science, MSc Actuarial Science (Magna Cum Laude), MSc. Electro-technical Civil Engineer (Magna Cum Laude), Postgraduate in Statistics (Summa Cum Laude) as well as a degree in Philosophy. Natacha is author of several publications in actuarial science both for Life and Non-Life topics. Natacha has gained deep experience in Life and Non-Life insurance industry as a modeler and validator. She has developed several ALM models for Life insurance companies and has therefor mastery as much on the liability side as on the asset side of the balance sheet. She is coordinating all learning activities at Reacfin. Natacha is a certified member of the Institute of Actuaries in Belgium (IA|BE).
Valentin Dendoncker (ICHEC)
Valentin is a lecturer at ICHEC Brussels management School, in the unit “Mathematics and Quantitative Methods”. He also worked in the past as a teaching assistant in Mathematics and as a member of the Research Center in Geometry, Physics and Probability at the UCLouvain (Université catholique de Louvain), where he completed his PhD in Science and his Master in Actuarial Science. Valentin also spent three years working as a consultant in Risk Management & Finance. Thanks to his teaching skills, his solid mathematical background, and his field experience Valentin is able to present and explain complex concepts in non-technical language.