Assemble Gnrale Algemene Vergadering IA|BE 05/12/2019 IA|BE - - PowerPoint PPT Presentation

IA|BE – General Assembly – 1 – 05/12/2019

Assemblée Générale Algemene Vergadering

IA|BE 05/12/2019

IA|BE – General Assembly – 2 – 05/12/2019 – 2 –

Assemblée Générale - Algemene Vergadering Erik Van Camp

IA|BE – General Assembly – 3 – 05/12/2019

Assemblée Générale - Algemene Vergadering

Programme - Programma

Accueil - Verwelkoming Erik Van Camp Nieuwe leden - Nouveaux membres Erik Van Camp Sondage auprès des membres: Résultats et plan d’action Ledenenquête: Resultaten en actieplan Frank Dausy Key-note speech: AAE – how actuaries can contribute to the well-being of society Cecilia Thorn Laudatio: Nouveau membre à vie – Nieuw lid voor het leven Jean-Claude Debussche Visite – Bezoek: “Beyond Bruegel” Cocktail

IA|BE – General Assembly – 4 – 05/12/2019

Sponsors IA|BE 2019

IA|BE – General Assembly – 5 – 05/12/2019

• Elena ATIENZA Y RUBIO (UCLouvain)
• Eric AYANGMA (UCLouvain)
• Mohamed CHEBIL (UCLouvain)
• André Orelien CHUISSEU (UCLouvain)
• Valentin DENDONCKER (UCLouvain)
• Noé DESGOUTTES (ISFA)
• Pieter-Jan DU BOIS (KULeuven)
• Faïçal EL BAKKALI (UCLouvain)
• Ayman EL FTOUHI (UCLouvain)
• Yassine EL GHAMRY (ULB)

Nieuwe leden - Nouveaux membres

IA|BE – General Assembly – 6 – 05/12/2019

• Elke GAGELMANS (KULeuven)
• Daphne GALLE (VUB)
• Victor GILLIER (ISFA Lyon)
• Siebe GODTS (KULeuven)
• Alban GOUPIL (UCLouvain)
• Sylvain KEMPEN (UCLouvain)
• Sie KOUAME KOUADIO (ULB)
• Pierre LANG (UCLouvain)
• Edwige LEUMEGA YOSSA (UCLouvain)
• Juwen LIU (ULB)

Nieuwe leden - Nouveaux membres

IA|BE – General Assembly – 7 – 05/12/2019

• Mathieu LOPES LUIS (ULB)
• Erind NANA ("Sapienza", University of Rome)
• Zifried NGAMALEU (ULB)
• Virak NOU
• Michel NOYAL (UCLouvain)
• Marie Yolande SALI DONFACK (UCLouvain)
• Merzouk Marino SAN LORENZO (ULB)
• Tim SEYNAEVE (KULeuven)
• Brice-Etienne TOUR-TIGLINATIÉNIN (UCLouvain)

Nieuwe leden - Nouveaux membres

IA|BE – General Assembly – 8 – 05/12/2019

• Nicolas VAN DE WOESTIJNE (ULB)
• Sofie VANOIRBEEK (KULeuven)
• Toon VLOEBERGHS (KULeuven)
• Daoud ZEKHNINI (ULB)

Nieuwe leden - Nouveaux membres

IA|BE – General Assembly – 9 – 05/12/2019 – 2 –

Assemblée Générale - Algemene Vergadering Frank Dausy IA|BE Member Survey 2019 Results & Proposed actions

IA|BE – General Assembly – 10 – 05/12/2019

Member Survey

• 2 July – 21 August 2019
• 308 respondents / 1,100 members
• 64% of respondents are Qualified Actuary
• 4 themes:

– Membership – Activities – Communication and Interest – Organisation

• Overall appreciation
• Done
• To Do

IA|BE – General Assembly – 11 – 05/12/2019

Membership

• Main reasons for joining: combination of content and social

– Keeping the actuarial training up to date – Receiving relevant professional information – Networking

• Membership fee is mostly paid by the employer
• 61% of respondents believe being QA is an asset
• Only 53% considers membership useful for their work
• 2/3 of respondents would - likely or very likely - recommend other

actuaries to join IA|BE

IA|BE – General Assembly – 12 – 05/12/2019

Activities

• Main touch points with IABE are

– CPD Events organised by IABE – General Assemblies – Committees and Working Groups

• 2/3 of respondents is satisfied - 1/3 is neutral
• Ranking of new activities, suggested by IABE:

– Content dimension comes first, social dimension second – “Nothing better than working will having fun”.

• New activities, suggested by members

– Suggested CPD topics: a full catalogue of actuarial subjects – Soft skills; – More discussion groups – Web-based learning

IA|BE – General Assembly – 13 – 05/12/2019

Communication and Interests

• The IA|BE Newsletter received a score of 70.
• Preference to receive a monthly newsletter, delivered in the mailbox, but

weekly is still OK.

• For receiving information on selected actuarial topics, a more targeted and

dynamic communication is expected.

• Also here preference for receiving the information in the mailbox via specific

newsletters; only publishing information on the website is less preferred.

• The new website gets very good marks for layout and user friendliness;
• Most remarks received on the new website relate to the more automated

CPD module

IA|BE – General Assembly – 14 – 05/12/2019

Organisation

The level of professionalism: rated at 71. What you preferred most

• Trainings and the possibilities for networking
• Availability and responsiveness of the secretariat

What you preferred least

• Elements least appreciated often relate to the content of the CPD

programme that unfortunately never fully cover the training needs

• f all individual members.
• Some comments about a somewhat older mind set

IA|BE – General Assembly – 15 – 05/12/2019

Overall appreciation: ”70” 70

A professional Organisation

• f almost 125 years,

still less known to the public The learning component in Activities remains important, but social level to increase Communication flow is OK, but information on specific Interests of members could be more tailored and dynamic Membership organisation for actuaries looking for up to date professional content and networking

IA|BE – General Assembly – 16 – 05/12/2019

IABE 2019 - 2022

3 strategic priorities identified by the Board:

• Communication and Interests:

– The social level of our activities should increase – More tailored information necessary through different channels

• Driven by Content

– Members looking for professional development – Up to date with social, technological and financial developments

• A reference in the market

– We need to be more outgoing – Neutral but not absent in the public domain The Member Survey confirmed these strategic priorities

IA|BE – General Assembly – 17 – 05/12/2019

Communication and Interests

Done

• Creating a Social Committee at Board level
• Increasing social component of General Assemblies
• Organising a social event for young members
• Organising a lunch for senior actuaries
• More networking at seminars or conferences during breaks
• Further development of www.iabe.be
• Give better visibility to our sponsors on our website
• Enriching the member profile under “My IA|BE” with more personalised data which

will allow to better structure and target the communication and information flow To do

• More automated communication via new CRM tool
• Creating better visibility for IA|BE Members and Qualified Actuaries
• www.actuary to be created as a source of information for the public at large
• Communicate more on proceedings and outcome of Working Groups,

Committees, Board, AAE and IAA, …

IA|BE – General Assembly – 18 – 05/12/2019

Driven by Content

Done

• Supporting members in their scientific output: accepted papers at

actuarial conferences

• Creating a monthly IA|BE Regulatory Watch publication
• Seminars in 2019 on Actuarial Function, Artificial Intelligence and

Emerging roles for Actuaries;

• Asking members to identify CPD subjects via the Member Survey
• Asking members to teach or present subjects

To do

• Emerging Roles for Actuaries: a place to take where risks need

quantification

• The full domain to cover: L – NL – Health – Pensions – Risk – Banking

and Asset Management – New Themes

• Grow number of IA|BE Working Groups
• Grow number of (external) accredited training providers
• Èxplore possibilities for e-learning

IA|BE – General Assembly – 19 – 05/12/2019

A reference in the market

Done:

• Development of www.actuary.be as a source of information on the actuarial

profession

• Recording of video testimonials of members of different actuarial

backgrounds

• Specific task forces for reacting to NBB and FSMA on Draft Circulars

To do:

• Increase interaction with stakeholders
• Strengthening the position of the IA|BE Qualified Actuary
• Provide standards and guidance to the actuarial profession where possible
• Develop a more proactive public stance on actual actuarial topics
• Enhance the overall visibility of IA|BE
• And …

125!

IA|BE – General Assembly – 20 – 05/12/2019 – 2 –

Assemblée Générale - Algemene Vergadering

Cecilia Thorn

Key-note speech: AAE – How actuaries can contribute to the well-being of society

ACTUARIAL ASSOCIATION OF EUROPE

ACTUARIAL ASSOCIATION OF EUROPE

ACTUARIAL ASSOCIATION OF EUROPE

“How Actuaries can contribute to the well-being of Society” General Assembly IA/BE

Cecilia Thorn

Actuarial Association of Europe

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ACTUARIAL ASSOCIATION OF EUROPE

The Actuarial Association of Europe (AAE) was established in 1978 under the name Groupe Consultatif to represent actuarial associations in Europe. Its purpose is to provide advice and opinions to the various organisations of the European Union – the Commission, the Council of Ministers, the European Parliament, EIOPA and their various committees – on actuarial issues in European legislation. The AAE currently has 36 member associations in 35 European countries, representing over 25,000 actuaries. Advice and comments provided by the AAE on behalf of the European actuarial profession are totally independent of industry interests.

Falco Valkenburg Chairperson

AAE Board of Directors

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ACTUARIAL ASSOCIATION OF EUROPE Esko Kivisaari Immediate Past Chairperson Mária Kamenárová Member Lutz Wilhelmy Member José Mendinhos Member Kartina Thomson Member Wilhelm Schneemeier Vice-Chairperson Falco Valkenburg Chairperson Gunn Albertsen Member Luis Saez de Jauregui Member

Vision

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ACTUARIAL ASSOCIATION OF EUROPE

The vision of the Actuarial Association of Europe (AAE) is for actuaries throughout Europe to be recognised as the leading quantitative professional advisers in financial services, risk management and social protection, contributing to the well‐being of society, and for European institutions to recognise the valuable role that the AAE plays as a leading source of advice on actuarial and related issues.

Values

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ACTUARIAL ASSOCIATION OF EUROPE

The AAE shares the following values:

• concern for the public interest
• Integrity
• Independence
• collaboration and respect
• transparency and accountability

Strategic Objectives

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ACTUARIAL ASSOCIATION OF EUROPE

Strategic Objective 1: Enhance relations with European institutions Establish and maintain relationships with key European institutions, so that the AAE can effectively provide them with high quality professional advice to improve the soundness of decisions from an actuarial perspective.

• Play a prominent role in shaping the development of new European legislation, and in the

review and refinement of existing legislation, affecting the work of actuaries in traditional areas and in wider fields as actuaries extend their areas of involvement;

• Reinforce existing relationships with the European Commission and EIOPA;
• Build and enhance relationships with the European Parliament and the Council of the EU;

and

• Maintain contact with other European organisations such as industry and consumer

protection bodies.

Strategic Objectives

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ACTUARIAL ASSOCIATION OF EUROPE

Strategic Objective 2: Promote Professionalism

Promote consistent standards of education and professionalism among actuaries in Europe.

• prescribe minimum requirements for the education of actuaries to be applied by member associations;
• facilitate continuing professional development of actuaries;
• ensure that all member associations have a code of professional conduct which reflects at least the requirements of the

AAE’s Code of Professional Conduct, and an appropriate disciplinary process;

• develop and maintain model standards of actuarial practice for work undertaken by actuaries in relation to EU regulatory

requirements;

• maintain a mutual recognition agreement which is consistent with the requirements of the EU Recognition of Professional

Qualifications Directive;

• support the development and recognition of individual member associations;
• help to ensure that regulated actuarial work is performed by those properly qualified to undertake it and subject to

relevant professional and technical actuarial standards; and

• support the development and recognition of actuarial work in wider fields as actuaries extend their areas of involvement.

Strategic Objectives

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ACTUARIAL ASSOCIATION OF EUROPE

Strategic Objective 3: Promote a European community of actuaries Promote a European community of actuaries between AAE member associations, their members and the AAE.

• encourage the exchange of information and ideas;
• facilitate networking between actuaries, especially in wider fields;
• strengthen awareness among member associations and their members of the work of the

AAE; and

• facilitate mutual assistance between member associations.

AAE Committee Chairpersons

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ACTUARIAL ASSOCIATION OF EUROPE

Tony O’Riordan Insurance Malcolm Kemp Risk Management Maitane Mancebo Pensions Henning Wergen Education Christophe Heck Professionalism

Committees & Working Groups I

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ACTUARIAL ASSOCIATION OF EUROPE

Insurance Committee

• Solvency II WG
• Non-Life WG
• GDPR TF
• IFRS17 WG
• EAN ORSA TF

Pensions Committee

• Cash Flows TF
• PEPP WG
• Social Security Subcommittee

(SSSC)

– SSSC TF Adequacy – SSSC TF Mortality – SSSC TF Projections and Methodology

Committees & Working Groups II

Risk Management Committee

• Insurance, Pensions & Risk Management joint meetings

Professionalism Committee

• Consumer Protection WG
• Roles of Actuaries TF
• MRA (Mutual Recognition Agreement) Review TF
• Actuarial Standards Subcommittee (ASSC)

– ESAP3 (ORSA) TF

Education Committee

• CPD TF
• AAE Syllabus Governance TF

Contributing to the well-being of society

Vision – “contributing to the well-being of society”. “we as an actuarial profession aim to be recognised for our work and contributions. In order to deliver on this we need, in my view, to make very clear how we contribute to the well-being of society and how we show concern for the public interest. If we are recognised for our contribution to the wider society we will also be recognised as an important profession” Falco Valkenburg, new AAE Chair (October 2019)

How to implement the vision

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ACTUARIAL ASSOCIATION OF EUROPE

• Chairpersons of our committees to draft one or two lines for each of

their projects, stating how their own project contributes to society. It is important that we have this in the forefront of our minds and that we are vocal about it.

• Make explicit what we do already do and communicate with

stakeholders about it

• Make stakeholders understand how we are different from many trade

and business associations – acting independently as a profession, independent from industry interest

• Build trust with stakeholders and help them with the problems they are

facing

Projects that contribute to well-being of society:

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ACTUARIAL ASSOCIATION OF EUROPE

• European Actuaries Climate Index
• A topic that is high on the political agenda
• Providing facts to a debate that is often overrun by opinions
• Relating more to how people understand climate and

weather by measuring extremes rather than averages

• Exploring an area that is new to actuaries
• Showcasing the work of our profession by issuing regular

press releases with updates

• All members associations will be able to use the results for

their own public affairs activities as it will be possible to zoom in

• n more regional observations in addition to the Europe-

wide

• bservations.
• Such a project will deliver in yet another way our vision of

contributing to the well-being of society

Projects contribute well-being of society:

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ACTUARIAL ASSOCIATION OF EUROPE

• New project on Low/Negative interest rates – what does this mean for

society? (new WG in process to be set up, discussion in Board meeting 4 December)

• Intergenerational fairness (IORP Directive)
• We can offer facts without judging how to handle issues politically

New mandate period Commission & EP

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ACTUARIAL ASSOCIATION OF EUROPE

• New commission mandate – agenda for the next 5 years
• New European Parliament (many new MEPs, different balance from

previous EP)

• Key issues: Green Deal, climate, sustainable finance, ageing of society,

digitalization etc

• Actuaries are well-placed to play a key role for this 5 year mandate

period

• How could you help? We welcome contributions!

EU Stakeholders

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ACTUARIAL ASSOCIATION OF EUROPE

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ACTUARIAL ASSOCIATION OF EUROPE

Any questions?

Cecilia Thorn ceciliathorn@actuary.eu

ACTUARIAL ASSOCIATION OF EUROPE

ACTUARIAL ASSOCIATION OF EUROPE

Actuarial House 1 Place du Samedi 1000 Brussels Belgium www.actuary.eu Twitter: @InfoAAE

IA|BE – General Assembly – 40 – 05/12/2019 – 2 –

Assemblée Générale - Algemene Vergadering

Jean-Marie Maes

Laudatio: Nouveau membre à vie – Nieuw lid voor het leven

IA|BE – General Assembly – 41 – 05/12/2019

Visit Exhibition : Beyond Bruegel

IA|BE – General Assembly – 42 – 05/12/2019

Cocktail