News

The Actuarial Association of Europe issued the following press release today:

EIOPA Press Release:

The April 2013 issue of the IAA Newsletter is now available here https://web.actuaries.ie/press/iaa.

It features the following sections;

The April Issue of The European Actuary is now available here.

It features the following articles;
 
•    EIOPA calls for transparency to protect consumers.
•    The thorny issue of annuities
•    Mortgages: interesting asset class for pension funds?
•    Social Responsibility
•    Unintended Future Risk
•    What can actuaries add to the debate on environmental issues?

The European Insurance and Occupational Pensions Authority (EIOPA) and the World Bank have signed an operational Memorandum of Understanding (MoU) to cooperate on developing the insurance sector.

This Memorandum will enable both organizations to collaborate on promoting a risk_based regulatory and supervisory framework in insurance, as well as the identification of systemic risk and the promotion of consumer protection.

More information is available here

The Groupe Consultatif Actuariel Européen has published a paper on Market Consistency.  The paper summarises the key principles underlying market consistent valuations of assets and liabilities.  Its underlying aim is to help actuaries and others best interpret the concept of market consistency in contexts where several possible valuation approaches are or might be proposed.

The Groupe Consultatif's first European Congress of Actuaries - ECA 2012 - will take place in Brussels on 7/8 June 2012. The theme is The Future European Actuary. This Congress aims to attract actuaries working in industry, consulting and academia, as well as other financial professionals, politicians and others interested in the future of risk management in Europe. The programme will include speakers from the European Parliament and Commission, supervisory authorities, rating agencies, and other fields.