the history of today’s seminar…
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Seminar on Market-consistent Valuation of Insurance Contracts Opening Remarks Joost Driessen (UvA and Netspar). The history of today’s seminar…. March 2005: Start of Netspar National research network on pensions, aging, and retirement - PowerPoint PPT PresentationTRANSCRIPT
Seminar on Market-consistent Valuation of Insurance Contracts
Opening Remarks Joost Driessen (UvA and Netspar)
The history of today’s seminar…
• March 2005: Start of Netspar
• National research network on pensions, aging, and retirement
• Partners: Pension funds, banks, insurance companies, public sector and universities
• December 2005: Netspar grants 1 million Euro to UvA to stimulate research in finance & insurance
• The result: A new Amsterdam Center for Finance and Insurance (ACFI) at the UvA
• Director: Prof. Antoon Pelsser
Amsterdam Center for Finance and Insurance
• Goal is to bridge the gap between finance and insurance
• Academic research
• Teaching
• Interaction with practitioners
• Current members: Prof. Antoon Pelsser, Prof. Peter Boswijk, Prof. Rob Kaas, Prof. Marc Goovaerts, Dr. Joost Driessen
• 6 affiliated researchers
• and 1 new Postdoc researcher and 2 new PhD students
Bridging the Gap
• The aim of the ACFI is to bridge the gap between finance and actuarial science
• Market-consistent valuation of insurance and pension liabilities
• ACFI also aims to bridge the gap between “academics” and “practitioners”
• Translate theoretical concepts into practical “rules-of-thumb” for the industry (e.g. valuation rules)
• Translate theoretical insights into practical advice (e.g. insights on optimal investment policies into ALM strategies)
Amsterdam Center for Finance and Insurance
• Activities
• Academic research papers
• Applied research papers
• Workshops and seminars
• Courses at UvA and Netspar’s Master’s program
• Today’s seminar
• Kick-off event
• Organized jointly with the Actuarieel Genootschap
Further information
• Website (under development)
www.feb.uva.nl/acfi
• Netspar
www.netspar.nl
• Actuarieel Genootschap
http://www.ag-ai.nl
Program• 09.45 Hans Bühlmann / Mario Wüthrich:
Multidimensional Actuarial Valuation
• 11:00 Torsten Kleinow: Fair Valuation of With-
Profit Insurance Contracts with Interest Rate Guarantees
• 12:00 Lunch (foyer)
• 13:00 Guus Boender / Hans Steehouwer: Market
Consistent Asset and Liability Management
• 14:00 John Hele: How the stock market may view
market-consistent valuations
• 15:00 Break (foyer)
• 15:30 Niels Kortleve: Market-Consistent ALM for
Pension Funds
• 16:30 Antoon Pelsser: Utility-based Pricing of Insurance
Contracts
• 17:30 – 18.30 Drinks (foyer)