The Chinese University of Hong Kong (An SOA Center of Actuarial Excellence)Executive Education Suite, Level 1Cheng Yu Tung BuildingCUHK School of Business No. 12 Chak Cheung StreetShatin, New Territories
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Who should attend: Working actuaries, academic actuaries, actuarial students
Sponsored by the SOA and The Chinese University of Hong Kong
Human mortality has signaled remarkable improvement in the past century, especially in Asian regions (Hong Kong, Japan, Singapore and Macau). While the enormous improvement in life expectancy is usually viewed as one of the greatest achievements of modern civilization, unanticipated mortality improvement (called longevity risk) can cause insurance companies and providers of mortality-related financial products to suffer huge losses on their businesses. In product pricing and reserving, life actuaries are now often required to make a prediction of future death rates to protect the financial institution from the threats of longevity risk.
This seminar introduces (1) some commonly used stochastic mortality forecasting models, (2) longevity risk management via various longevity securities (bonds, swaps and forward contracts), and (3) an application of longevity projection in law courts.
At the conclusion of the session, attendees will be able to:
Audience Experience Level: All levels of experience
Demonstrating the listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings.
Adhering to standards of professional conduct and practice where all business interactions are based on a foundation of integrity, honesty and impartiality.
Identifying and incorporating the implications of economic, social, regulatory, geo-political and business changes into the design and delivery of actuarial solutions.
Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal.
Creating mutually beneficial relationships and work processes toward a common goal.
Applying the actuarial knowledge, skills and judgment required to provide value-added services.
Anticipating trends and strategically aligning actuarial practice with broader organizational business goals.
Providing effective problem solving that addresses relevant interests and needs.
More information on the Competency Framework