INTERNATIONAL CONGRESS OF ACTUARIES 2018 - BERLIN 4 - 8 JUNE 2018 - ICA 2018
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www.ica2018.org
BERLIN
4 - 8 JUNE 2018
CONGRESS BROCHURE
INTERNATIONAL
CONGRESS OF
ACTUARIES 2018
Highlights of the
Welcome to the ICA 2018 04 congress program | 14
PROFESSION
A few opening words
Circle of Supporters 06
Strong partnership with important institutions
Welcome to the
History of the ICA 08
A congress travels around the world ICA 2018 | 04
The International Actuarial Association (IAA) 10
Moving the Profession Forward Internationally
ICA 2018 at a glance 12
KNOWLEDGE
Impressive facts and figures
Highlights of the congress program 14 VICA | 16
Exciting formats with outstanding content Limited Attendance
VICA – the first Virtual ICA 16 Experiences | 18
For a sustainable transfer of knowledge
Limited Attendance Experiences 18
Actuarial content off the beaten track
Social Program 20
Discover Berlin and network with your colleagues
Discover Germany | 24
EXPLORATION
Fun games and good music 22
Together for a strong actuarial community
Discover Germany 24
A country full of history
Social Program | 20
International Actuarial Arena 26
Interesting partners and amusing games
Sponsors 29
Support from the industry
5
MASAAKI YOSHIMURA ROLAND WEBER
President of the International President of the German
Actuarial Association (IAA) Association of Actuaries (DAV)
“For over a century, the ICA has been the “As host of the 31st International Congress of
premier global forum where the actuarial Actuaries, the German Association of
world assembles to share research and Actuaries is very pleased to welcome the
knowledge. This year in Berlin, 2750 combined global actuarial expertise from
actuaries from over 100 countries, and over 100 countries. With a high-class
many more virtually, will be Getting scientific program, entertaining field trips to
Closer. As we share, learn and forge a Berlin‘s most famous sights and numerous
common understanding, we expand our other options to spend excellent quality time
competencies and demonstrate to our in Germany‘s fascinating capital, the ICA
stakeholders how we contribute to the promises to be an outstanding congress for
well-being of society.” all actuaries.”
KLAUS HEUBECK KURT WOLFSDORF
Chair of the National Chair of the international
Organizing Committee Steering Committee
“After exactly 50 years, German actuaries “For the main gathering of the international
are once again hosting an ICA, back then actuarial community, the IAA and DAV will
in Munich, this year in Berlin. We are de- bring together all stakeholders of the global
lighted to be able to continue the long and profession, namely experts from practice
successful tradition of the ICA and have and academia as well as business leaders
prepared a wide and comprehensive con- from around the world and many represen-
gress program for colleagues and peers tatives of national and international authori-
from around the world as well as opportu- ties. The world congress will therefore make
nities for discussion and personal networ- an important contribution to strengthening
king. This year, for the first time, will also the relationships between actuarial associa-
see a virtual ICA being held in parallel. tions, between universities and companies
To all participants: May the ICA 2018 from the financial sector and with suprana-
provide value-added for your professional tional institutions.”
futures.”
MICHAEL RENZ
PROFESSION
HANS-JOACHIM ZWIESLER
Chairs of the Scientific Committee
“We have planned the congress program with a large team of international and national
WELCOME TO
experts for over 3 years. Over 400 speakers from more than 40 countries means that our
expectations have been exceeded. The high quality of the presentations will make the ICA
2018 a fantastic experience for all participants.”
THE ICA 2018
MICHAEL STEINMETZ
Project Lead ICA 2018,
Managing Director of the German
Association of Actuaries (DAV)
“A highly motivated project team at the DAV office, the dedication of all volunteers of the orga-
nizing committee at all times, creativity and great attention to detail - these are the key ingre-
dients in creating the perfect event for you. We very much hope that this has been achieved.”
6 7
ANDREAS EURICH HERIBERT KARCH MICHAEL RÖCKNER
Chairman of the Board of the Chairperson of the German Association President of the German Mathematical
Employers` Association of insurance for Occupational Pensions (aba) Society (DMV)
companies in Germany (AGV)
“The ICA 2018 represents high-quality conti- “Our system of retirement provision is “The ICA 2018 bridges actuarial science
nuing education and professional development facing great challenges – the ICA 2018 will and industry and is thus the perfect link
and an intensive cross-border exchange of offer new ideas and innovative approaches between the two.”
ideas and know how – an excellent investment to secure and develop (occupational) pension
in the future of the insurance industry.” provision as a key component of securing
people’s futures.” WOLFGANG WEILER
President of the German Insurance
KLAUS-PETER FELD Association (GDV)
Executive Director of the Institute of
UWE LAUE
Public Auditors in Germany (IDW) Chief Executive Officer of the
Association of German Private “Solvency II, new challenges in risk ma-
Healthcare Insurers (PKV)
nagement and increasing digitalization – the
“Get ready! The ICA 2018 in Berlin expertise of actuaries is more in demand
“The ICA 2018 – where combined global than ever before. The ICA 2018 provides the
provides a great opportunity to discuss the
actuarial expertise comes together.” ideal forum for the presentation of innovative
latest developments with expert colleagues and
prepare yourself for the upcoming tasks.” solutions, for specialist discussion and for
personal networking and exchange of ideas
TOBIAS PROSS and information.”
President of the German Investment
FRANK GRUND Funds Association (BVI)
Chief Executive Director of the Insurance
and Pension Funds Supervision (BaFin)
ANDREAS J. ZEHNDER
“I am delighted that the ICA brings together Chairman of the Management Board
the world’s actuaries and their knowledge of the Association of Private
“Under Solvency II actuaries belong to the Bausparkassen (VdPB)
in Germany in 2018.”
key personnel of insurers. In the development
of new products it is their role to balance “For home finance using building society
attractive features for customers and risks for GUNDULA ROßBACH contracts, an actuary is indispensible for the risk
companies. Insofar they are the backbone of management of the collective building society
President of the German
modern insurers and their importance increa- Pension Insurance business. Sophisticated model calculations
ses further as undertakings collect more and relating to building society business are required
more data.“ to evaluate new tariffs and to forecast the
“Social security needs actuarial knowledge and development of the building society savings
advice to meet the challenges of uncertain times.” collective under various conditions.”
PROFESSION
CIRCLE OF
SUPPORTERS
8 9
ICA – a congress travels
around the world
The International Congress of Actuaries is held every four years
in a different capital city. Following the ICA 2010 in Cape Town and
the ICA 2014 in Washington this year’s International Congress is
coming to Germany. The last International Congress to be held in
Germany – exactly 50 years ago – took place in Munich.
Host of this year’s ICA will be the International Actuarial
Association, together with the German Association of Actuaries
(Deutsche Aktuarvereinigung e.V., DAV).
The German Association of Actuaries
The DAV is the professional body representing all actuaries in
Germany. It was founded in 1993 and has nearly 5,200 members
today. Another 1,600 candidates for membership are actively
enrolled on its in-house education and examination program.
Hence the DAV is one of the five biggest actuarial associations
in the world. More than 700 members are involved on twelve
committees and in over 60 working groups as a voluntary com-
mitment. Significantly more are active in the fields of education,
CPD seminars, cooperation with universities and in various
actuarial projects all over the world.
PROFESSION
HISTORY
OF THE ICA
10 11
Birmingham, United Kingdom
Amsterdam, The Netherlands
Washington, United States
London, United Kingdom
Lucerne, Switzerland
(organized but not held,
Brussels, Belgium
Brussels, Belgium
Munich, Germany
Montréal, Canada
Sydney, Australia
Berlin, Germany
papers published)
Madrid, Spain
Tokyo, Japan
Paris, France
Paris, France
Rome, Italy
of America
1895
1900
1906
1912
1927
1934
1940
1954
1960
1968
1976
1984
1992
1998
2006
2014
2018
1898
London, United Kingdom
1903
New York, United States of America
1909
Vienna, Austria
1915
St. Petersburg, Russia
(organized but not held)
1930
Stockholm, Sweden
1937
Paris, France
1951
Scheveningen, The Netherlands
1957
New York and Toronto, North America
1964
London and Edinburgh, United Kingdom
1972
Oslo, Norway
1980
Zurich and Lausanne, Switzerland
1988
Helsinki, Finland
1995
Brussels, Belgium
2002
Cancún, Mexico
2010
Cape Town, South Africa
Berlin, Germany
THE The Mission
INTERNATIONAL
The mission of the IAA, as the worldwide organization of
actuarial associations, is:
Moving the Profession • to represent the actuarial profession and promote its role,
Forward Internationally
PROFESSION
reputation and recognition in the international domain;
ACTUARIAL
and
The International Actuarial Association (IAA) • to promote professionalism, develop education standards
The IAA is the worldwide association of professional actua- and encourage research, with the active involvement of
rial associations, with a number of special-interest Sections its Member Associations and Sections, in order to address
ASSOCIATION
for individual actuaries. Founded in 1895, the IAA exists to changing needs.
encourage the development of a global actuarial profession
that is acknowledged as technically competent and profes- Sections of the IAA
sionally reliable, ensuring that the public interest is served. In order to encourage actuarial research and development
The IAA has 73 Full Member Association, representing 98 in particular areas of practice, and to provide suitable inter-
(IAA)
percent of qualified actuaries worldwide, and 25 Associate national forums for discussion among individual actuaries,
Member Associations. the IAA has created specialized Sections with various cate-
gories of members. Currently, the IAA has seven Sections:
The Vision AFIR-ERM, ASTIN, AWB, IAAHS, IAALS, IACA and PBSS.
The Vision of the IAA is that the actuarial profession is
recognized worldwide as a major player in the decision Become a member of the IAA Sections
making process within the financial services industry, in To become a member of a Section of the IAA, please
the area of social protection and in the management of risk, contact your national actuarial association or register at
contributing to the well-being of society as a whole. www.actuaries.org.
12 13
Biggest ICA in the history of
2750
all ICAs with more than
Various congress formats:
5 Plenary Sessions
30 Invited Speaker Sessions
102
COUNTRIES
267 Contributed Talks represented by
speakers and expected participants and
participants
accompanying persons
Slots per section:
279 AFIR-ERM: 86
ASTIN: 71
PENSIONS: 62
LIFE: 58
109 bursaries financed
by the IAA Bursary Fund accepted papers HEALTH: 38
in the congress IACA: 28
program EDUCATION: 12
126
PROFESSIONALISM: 18
volunteering members
organized in six committees
574
KNOWLEDGE
55 sponsors
5 platinum sponsors,
submitted 6 gold sponsors,
ICA 2018
abstracts for the 7 silver sponsors,
parallel sessions 33 bronze sponsors
in the ICA 2018 4 media partners
congress
AT A GLANCE program
14 15
Future of Insurance
Tuesday, 11.00 –12.30
Participants
Scott Cochran (Executive Vice
President, Corporate Development
and Acquisitions, RGA)
Alf Neumann (Member of the Board
of Management, Allianz)
Future of Demography/ Andrew Rear (Chief Executive, Munich
Longevity Re Digital Partners)
Monday 11.00 –12.30 Corinne Trocellier (Chief Operating
Officer, SCOR Global Life)
Participants Moderation: John Haley (Chief Executive
Mikko Myrskylä (Executive Director Officer, Willis Towers Watson)
of the Max Planck Institute for Demo-
graphic Research, MPIDR)
Winfried Heinen (Chairman of the
Board of Executive Directors, Gen Re)
Moderation: Jacques Wasserfall From experts to experts –
(Head of Life Technical, Zurich)
The ICA congress program
The scientific program of the ICA, with its various formats, offers a
broad-based selection of fascinating actuarial international talks and
presentations from the world of actuarial science and finance. Daily
plenary sessions will see renowned international experts from busi-
ness, regulatory affairs and academia speaking about strategic issues
of the future and the most pressing challenges facing the insurance
and financial industries. Where are we heading und what impact will,
for example, demographic developments, new concepts of mobility
and an ongoing period of low-interest rates have for insurers?
Moreover, over 30 invited speaker sessions will give delegates the
opportunity to hear fascinating talks from eminent experts from
insurance and finance. A large part of the scientific program will be
Future of Low made up of the contributed talks: almost 280 abstracts from a total of
Interest Rate Environment around 600 submissions from nearly 60 countries have been selected
Wednesday, 8.30 –10.00 and these will certainly ensure fascinating actuarial talks for both
practitioners and academics alike.
HIGHLIGHTS
Participants
Peter Praet (Member of the Executive
Board, European Central Bank, ECB)
Stephen O’Hearn (Global Insurance Future of Regulation
KNOWLEDGE
Leader, PwC) Friday, 11.00 –12.30
OF THE
Klaus Wiener (Chief Economist,
German Insurance Association, GDV) Participants
Moderation: Ken Mungan (Chairman Gabriel Bernardino (Chairman of the
of the Board and leads Milliman European Insurance and Occupational
Financial Risk Management, Milliman) Pensions Authority, EIOPA)
CONGRESS
Yannick Hausmann (Group General
Counsel, Zurich)
Felix Hufeld (President of the German
Federal Financial Supervisory Authority,
Future of Mobility BaFin)
PROGRAM
Thursday, 11.00 –12.30 Patrick Raaflaub (Group Chief Risk
Officer and Member of the Group
Participants Executive Committee, Swiss Re)
Alexander Sixt (Member of the Moderation: Nils Dennstedt (Partner
Executive Board (CAO), Sixt SE) Deloitte, B&W Deloitte)
Frank Sommerfeld (Member of the
Board of Management, Allianz)
Moderation: Bernhard Lang (Member
of Board of Directors, msg systems)
16 17
VICA 2018 at a glance
• More than 150 hours of content
• Live stream from 8 conference rooms
• Additional benefit: exclusive recorded sessions
from further experts
• The members of the IAA Sections AFIR-ERM,
ASTIN, IAALS (LIFE) and IACA get access to the
VICA at no extra cost
First Virtual ICA – VICA
A highlight of the ICA 2018 will be the very first Virtual ICA.
Thanks to the support of a number of institutional partners
from the actuarial community such as the actuarial asso-
ciations from South Africa, USA, Australia and Japan as
well as several Sections of the IAA, many sessions from the
stages in Berlin will be broadcast live online and provided as
recorded sessions afterwards. This allows a much broader
audience from all over the world to follow the high value
content presented during the ICA and helps to secure this
knowledge in a sustainable manner.
Furthermore, the success of the Call for Papers means that
the VICA will also feature many online presentations by
authors to whom the ICA could not offer a presentation slot
in Berlin. More than 25 hours of additional recorded sessions
with up-to-date actuarial content will be provided online
before the congress by this group of experts.
Become a member of the IAA
The IAA Sections AFIR-ERM, ASTIN, IAALS (LIFE) and IACA
have already decided to become partners of the VICA. This
partnership allows members of the Sections to access more
than 150 hours of live streams and videos at no further cost.
KNOWLEDGE
Membership of the IAA Sections, for a very reasonable an-
VICA –
nual fee of only CA$50 offers several other attractive benefits
in addition to free access to the VICA. IAA members can also
benefit from receiving the ASTIN Bulletin Journal, accessing
the Sections' online libraries, participating in free webcasts
and discounted fees for colloquia and seminars.
THE FIRST
To become a member of an IAA Section and benefit from the
numerous offers, please see the website www.actuaries.org.
VIRTUAL ICA AFIR-ERM
Finance, Investment & ERM
ASTIN
Non-Life Insurance
IAALS IACA
Life & Annuities Consulting Actuaries
18 19
The Limited Attendance Experiences feature actuarial content off
the beaten track. 12 events for a maximum of 50 people in seven
exceptional venues in Berlin were offered. After a scientific talk,
delegates will get to know the venue with an exclusive guided tour.
All participants not taking part in the LAEs can also attend some
of the exciting locations in their free time. For example the Clas-
sic Remise, a center for vintage car lovers, the German Museum
of Technology, the place to be for fans of all things technical, the
Museum of Medical History,
where you can learn a lot
about the development of
medicine until today or the
Museum of Communication,
where you can go on a jour- Museum for Communication
ney through ages of com-
munication, to name but a
few. The locations are well
worth a visit!
OTTOBOCK Science Center
KNOWLEDGE
German Museum of Technology
LIMITED
ATTENDANCE Classic Remise
Museum of Medical History
EXPERIENCES
Allianz Foundation Forum
Feuersozietät
20 21In addition to numerous scientific
sessions, the congress program of
the ICA 2018 also includes several
social activities. On Tuesday and
Thursday afternoon, following the
congress program, ICA 2018 dele-
gates are invited to join one of six
different field trips through Berlin.
Furthermore three entertaining eve-
ning events on Sunday, Tuesday and
Thursday, which are included for all
participants who bought a regular
ticket before January 31, and a se-
lection of optional tours and events
Berlin by Bus and Boat
complete the ICA 2018 social
program.
FIELD
Modern Architecture
TRIPS
Berlin – Its Hidden Places
Jewish Heritage Tour
History of Berlin
Highlights of Berlin
EVENING
EXPLORATION
EVENTS
SOCIAL
Estrel Summer Garden
Natural History Museum
PROGRAM
Traditional Funfair at the Farewell Event
22 23
© Carola RadkeActuaries for Actuaries
To support the valuable Bursary Program of the International
Actuarial Association, the DAV launched the charity
campaign “Actuaries For Actuaries” in order to enable even
more actuaries from emerging countries to attend the
ICA 2018. Actuaries worldwide participated and helped to
raise funds for the project. In total, 12,000 euros were
collected and 3 additional bursaries could be funded.
“I am 100,000”
In 2018, the actuarial associations of
the world will reach the impressive
number of 100,000 members world-
wide. Therefore, to celebrate this mi-
lestone for the actuarial community
as part of the International Congress
of Actuaries 2018 in Berlin, the prize
draw “I am 100,000” was created to
find and honor an actuary who is re-
presenting his or her colleagues from
all over the world.
The prize draw was very popular –
more than 800 selfies with the “I am
100,000” logo were sent in to par-
ticipate in the prize draw. The lucky
winner is Ntando from Swaziland.
She has won a free ticket for the ICA
2018 including free travel and
accommodation.
EXPLORATION
FUN GAMES
Actuaries, ICA 2018 and
some GOOD MUSIC
Established at the beginning of
AND GOOD
2016, the rock band “Carl Friedrich
and the Abnormal Distribution”
had their debut in April 2016 during
the Spring Meeting of the German
Actuarial Association.
MUSIC
After performing some well-known
rock classics, the band decided
to write their own songs – about
actuaries, the ICA 2018, Berlin
and the great mathematician
Carl Friedrich Gauss. At the ICA
2018 the band will perform at the
Opening Ceremony.
24 25Water Castle in the Speicherstadt
(warehouse city) of Hamburg Rothenburg ob der Tauber Cologne Cathedral and Hohenzollern Bridge
Katz Castle and the
The Moselle River Lorelei Rocks
Frauenkirche in Dresden
Frauenkirche in Munich
Black Forest
With more than 80 million inhabitants
Germany is not only Europe’s largest
nation by population and economic
performance, it is also one of the most
popular tourist destinations in the
world. To explore Germany, Bavaria is The Porta Nigra in Trier
a good starting point with its very rich
culture and long traditions, famous for
its hearty and tasty cuisine, and sce- historical fascinating city is located in
nery of mountains, lakes and beautiful the east of Germany: Dresden and its
castles such as the world-famous and baroque church Frauenkirche, com-
breathtaking Castle Neuschwanstein. pletely rebuilt after World War II and
Another popular region is the upper famous for its grand dome, makes this
EXPLORATION
Rhine valley with its many vineyards, beautiful historic city center, definitely
a blossoming landscape and the worth a visit. In the north of Germa-
romantic Lorelei rock. A cruise on the ny, the city of Hamburg waits to be
river Rhine, passing charming wine explored. Considered to be Germany’s
towns and ancient castles, is the ideal gateway to the world, the city boasts
way to explore this part of Germany. the biggest port in Germany and the
Romantic landscapes and traditional second biggest in Europe. A huge port
DISCOVER
cities can also be found in the Black area with its bustling life, original Han-
Forest, also known for its cuckoo clocks. seatic charm and world famous night-
Baden-Baden, one of Europe‘s most life are just a couple of good reasons
fashionable spa towns, is an ideal base to see this city. These are a few out of a
for exploring the Black Forest and a long list of breathtaking destinations in
GERMANY
great place for gourmets and wine Germany. We offer several suggestions
lovers. Cologne, Germany‘s fourth for optional tours through Germany
largest city, offers a lot more than the and its neighboring European countries
really impressive Cologne Cathedral, a on our website. Seize this chance and
World Heritage Site and one of Germa- explore Germany by hiking on idyllic
ny‘s most popular tourist attractions. trails, travelling by train on Germany’s
The famous Cologne Carnival attracts vast railway network or by car on its
many people to celebrate in fancy famous Autobahns. And we promise –
dress all over the town. Another you won’t regret your visit!
26 Neuschwanstein Castle in Bavaria 2715
16
17
Exhibitors 18
01 19
02 20
03 ICA services – Mobile charger 21
04 22
Info point 05 23
EXPLORATION
presented by Activities
06 24
XXL table soccer supported by
INTERNATIONAL
ICA services –
Mobile charger 07 25
Actuarial Soccer World Cup Forecast
ICA services – supported by 08 26
Reading zone
ACTUARIAL
International actuarial casino 09 27
Coffee bar
Minigolf 10 28
ARENA
Virtual reality box Slot car racing 11 29
powered by
Air hockey 12 30
Candy corner
provided by Kick it soccer simulator 13 31 ICA services – Reading zone
Restrooms Electronic darts 14 32
28PLATINUM
GOLD
SILVER
BRONZE
…
Media Partners:
International Congress of Actuaries 2018
c/o Deutsche Aktuar Förderprojekte gGmbH
Hohenstaufenring 47-51 | 50674 Cologne | Germany
Tel.: +49 221/9125540 | www.ica2018.orgYou can also read
