Economic Scenario Generators

Prime Re Academy is pleased to invite you to attend its workshop in Zurich, Switzerland. Focus will be set on the following topic:

Economic Scenario Generators

All insurance and financial risks depend on the future state of the economy. Some just have their cash flows discounted with prospective interest rates, but the performance of many products and structures is intimately interwoven with the behavior of other market variables, which themselves display strong and complex interdependencies.

This workshop addresses both theoretically and with hands-on exercises, the main market risk models relevant to the insurance and finance industries:

• Interest rates and yield curves
• Inflation
• Foreign exchange rates
• Equity indices
• Bootstrapping the economy
• Validation of economic scenarios

It describes both, the underlying theory and concepts as well as their practical implementations with Excel® templates. In particular, it will enable participants to model on their laptops some important economic variables, whose stochastic scenarios they can later implement in their daily practice. Therefore, participants should bring along their own laptops.

Dates and Schedule

The dates and schedule will be announced soon.

Feedbacks

See feedbacks from previous workshops.

CPD Credits

Attendance to each workshop will automaticall credit members of the Swiss Actuarial Association with 14 CPD credit points. Members of other actuarial associations will receive a certificate they can submit to their CPD committee.

Lecturers

Dr. Frank Cuypers

Dr Frank Cuypers has led numerous actuarial engineering and modelling courses and workshops in Europe and Latin America. He comes with a vast lecturing experience and a prominent scientific track record in modelling complex systems. As a Swiss Re Executive and Chief Actuary at the former Zurich Re in Cologne, he acquired a broad experience in most actuarial disciplines and lines of business, which he has deployed at KPMG and PwC to advise leading providers of financial services and Government Agencies. He is a fully qualified member of the German and Swiss Actuarial Associations (DAV and SAV), which he has served on numerous committees.

Dr Michel Dacorogna

Dr Michel Dacorogna was until recently scientific advisor to the chairman of SCOR, where he conducted research in the field of insurance mathematics, capital management and risks. As SCOR’s Deputy CRO, he has also developed the group internal model. He teaches in the Master of Finance programs of the University of Zurich, the University Ca’Foscari, Venice and the University of Turin. He has also published more than 80 articles in scientific journals and is an associate editor of Quantitative Finance.

Fees

CHF 1'600 early-bird

CHF 1'900 full

CHF 600 for unemployed participants

A discount of CHF 500 for the third participant of the same company will be granted.

These fees are binding and must be paid directly via the website.

The fees will be refunded in total in case of cancellation or if the workshop must be cancelled.

The fees include:

- the workshop

- the documentation

- the prototypes in Excel®

- the dinners and lunches

- all Swiss taxes

Payment with Credit Card/vouchers and discounts

Please note that it is possible to pay with credit card directly via our website. However, if you do wish do redeem a voucher, you will have to opt to pay manually at the checkout section. Please enter the voucher no. you wish to redeem at the checkout section. We will then send you an invoice via email.

Venue

SCOR Services Switzerland AG, General Guisan-Quai 26, 8022 Zurich

Telefon +41 (0)44 639 93 93 (reception)

Dress casual and comfortable.

We suggest that participants from abroad reserve their hotel room in Zurich well in advance. Alternatively, they can ask us for assistance with booking a room at a convenient location.

Contact

Raquel Forster

+41 41 725 32 16