1 / 20

Whither AFIR ?

Whither AFIR ?. Hugo Berkouwer Ad Kok Egbert Kromme Maastricht 19 September 2003. Whither AFIR?. The Past. The Present. The Future. Education. To boldly go. Life Non-Life Pensions Health. The Past. ALM studies. The Past. RISK MANAGEMENT. ALM studies. Models.

havyn
Download Presentation

Whither AFIR ?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Whither AFIR ? Hugo Berkouwer Ad Kok Egbert Kromme Maastricht 19 September 2003

  2. Whither AFIR? The Past The Present The Future Education To boldly go ...

  3. Life Non-Life Pensions Health The Past ALM studies

  4. The Past RISK MANAGEMENT ALM studies

  5. Models Platform Asset & ALM expert Platform Banking Sector Separate section (non-insurance / non-pensions)

  6. AFIR’s Dual Role Traditional areas Further developing financial expertise Risk Management

  7. AFIR’s Dual Role Non-traditional areas Developing new skills and specialisms Financial Risk in general

  8. Education Actuarial Education is lagging behind More in-depth knowledge necessary A more revolutionary approach … ?

  9. AFIR’s M&A A AFIR Risk Management B P

  10. AFIR’s M&A A AFIR B P

  11. AFIR’s M&A M AFIR O W

  12. AFIR’s Transition M A AFIR ? O W

  13. AFIR Quo Vadis ?

  14. Topics for discussion If actuaries do not become and continue to be actively involved in asset risks, the prominent role they have played in pensions and reinsurance for over a century will soon be history

  15. Topics for discussion The increasing attention for risks in industries other than pensions and insurance and the tendency to manage and insure those risks in alternative ways is a challenge to actuaries. It is in these areas that actuaries can play a significant role. They can and should broaden their scope to become risk officers in a far more general sense

  16. Topics for discussion In order to maintain their prominent position (sub 1) and achieve their involvement elsewhere (sub 2), they will need to expand the educational programs

  17. Topics for discussion Although uniformity in this respect is a Utopia, AFIR International can and should play an initiating and leading role and should liaise with the Educational Committees of the IAA and the Groupe Consultatif

More Related