April 14, 2021

 
CONTENTS

• ASTIN Online Colloquium 2021 – Registration Open
• Upcoming Webinars
• IAA Comments to Public Consultations
• Email Security Quick Tips

ASTIN Online Colloquium 2021 – Registration Open

Audience: All

Dear colleagues,

We are pleased to announce that the 2021 ASTIN Online Colloquium is now open for registration. 

Registration will be complimentary to everyone who wishes to attend the live sessions – we encourage IAA member associations and volunteers to share this information with to share your members and colleagues and to join ASTIN. ASTIN members will also benefit by having access to the session recordings in case you are unable to participate in all sessions. 

The colloquium will take place over a 4-day period with morning and afternoon sessions (CET time) featuring content assembled by our local chapters.

·       Denmark: Sam Millard (Renewable Energy Insurance – An Underwriter’s Perspective)

·       France: Philippe Talleux (Autonomous Vehicle Risks and Insurance)

·       Switzerland: Hansjörg Albrecher (Randomness, Scenarios and Structured Reinsurance)

·       Italy: Nicola Biscaglia, Sergio Desantis and Francesca Di Paola (Pandemic Effects on the Italian Insurance Market)

·       Japan: Shunichi Nomura (Modeling and Prediction of Recurrent Earthquakes)

·       Germany: Dietmar Pfeifer (The European Way to Sustainable Insurance - the ESG Challenge)

·       ASTIN General Assembly: Greg Taylor (Model Error in Loss Forecasts - What is it?  Why should we care?  How might it be measured?)

·       Casualty Actuarial Society: Donald Mango (Actuarial Engineering in the Digital Age)

Additionally, during each half-day session, we will host parallel presentations constructed from our call for abstracts, which generated over 40 submissions. The Scientific Committee is currently reviewing all submissions – stay tuned for more details on the programme later this month. 

Visit our Colloquium Website for additional information and to register. 

Frank Cuypers
Chairman, ASTIN Section

Upcoming Webinars

Audience: All

The following webinars are being presented by the IAA and/or an IAA Section. We encourage you to participate and share this information with colleagues and within your member association. Session descriptions and speaker bios are available by clicking the respective webinar links below:

• April 22: Risk Book Series - Actuarial Model Risk Management for Rapid Decisions
  Presented by: AFIR-ERM Section (Open to all)
  Speakers: Jared Forman and Aika Msuya
• April 28: Pension Systems in Developing Countries
  Presented by: PBSS Section (Open to PBSS members)
  Speaker: Seda Peksevim / Moderator: Michelle Acton

More webinars will be announced soon!

IAA Comments to Public Consultations

Audience: All

1.            IAIS Consultation - Draft Application Paper on Supervision of Control Functions – submitted on 25 March 2021

The International Association of Insurance Supervisors (IAIS) has developed a draft Application Paper on Supervision of Control Functions which describes practices aimed at helping supervisors address issues related to the supervision of control functions as described in Insurance Core Principles (ICPs) and the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). In particular, the Application Paper supports observance of ICP 8 (Risk Management and Control Functions) and is relevant to ICP 5 (Suitability of Persons) and ICP 7 (Corporate Governance).

The consultative document can be found under this link on the IAIS website.

We are pleased to inform you that the IAA submitted a formal response to this consultation. The Insurance Regulation Committee (IRC) was responsible for formulating the responses to the IAIS on behalf of the IAA.  The response was developed in accordance with the requirements of the IAA Due Process for Making a Public Statements.

 Thank you to the Insurance regulation Committee for preparing the response on behalf of the IAA.

2.            Revised OECD Roadmap for the Good Design of Defined Contribution Retirement Savings Plans – submitted on 14               April 2021
3.  

The OECD and its Working Party on Private Pensions (WPPP) have updated the OECD Roadmap for the Good Design of Defined Contribution Retirement Savings Plans. The draft revised Roadmap incorporates all of the work conducted over the past few years, with the main insights acquired being incorporated in the main messages.

The OECD is now making the revised Roadmap available for public consultation with a view to receiving constructive comments and opinions. Comments received will be discussed at the next meeting of the OECD WPPP.

Document for comment - Draft Revised OECD Roadmap for the Good Design of Defined Contribution Retirement Savings Plans

Support Document for the Public Consultation - This document provides background and arguments for the adjustments introduced into the Roadmap.

The IAA submitted a formal response to this consultation on 14 April 2021, via a Task Force appointed by the Executive Committee, led by Jason Malone, Chair of the Pensions and Employee Benefit Forum.   The response was developed in accordance with a process agreed with the Executive Committee for making public statement on behalf of the IAA.

3.         IOPS consultation on their proposals on Good practices for designing, presenting and supervising pension         projections –  submitted on 13 April 2021

The link to this consultation document is http://www.iopsweb.org/2021-Public-Consultation-Good-practices-pension-projections.pdf.

The IAA submitted a formal response to this consultation on 13 April 2021, via a Task Force appointed by the Executive Committee, led by Esko Kivisaari, IAA delegate to IOPS.  The response was developed in accordance with a process agreed with the Executive Committee for making public statement on behalf of the IAA.

IAA responses to public consultations are available on the IAA website under PUBLICATIONS / PUBLIC STATEMENTS

Email Security Quick Tips

Audience: All

As a general reminder about email security, we’ve put assembled some quick tips to help in case you encounter any suspicious or phishing emails.

1. The message is marked super urgent
2. The email account isn’t connected to the company/organization
3. The return email address isn’t normal (not a recognized domain)
4. The email asks you to confirm personal information
5. The email is poorly written
6. There is a suspicious attachment
7. The email doesn’t use your name in the greeting
8. The entire email is only a hyperlink

What should you do if you’re not sure?

If you get a puzzling email, pause before doing anything with it. Go over this list and look for clues. If you’re still not sure, the best thing you can do is contact the organization in question directly. Go directly to the organization’s website, call them or use their social media account, and explain what you saw in the email. If you see this happen with someone related to the IAA, please contact the Secretariat.

International Actuarial Association | Association Actuarielle Internationale
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Tel: 1-613-236-0886 | Fax: 1-613-236-1386
secretariat@actuaries.org | www.actuaries.org

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please send a message to secretariat@actuaries.org