Talk by Dr. Markus Orasch

Title:

Actuarial modelling in life insurance: from profit testing to Solvency II

Speaker:

Dr. Markus Orasch, Aktuar DAV (Germany)

Leader Insurance Consulting and Technology Austria

Willis Towers Watson

Abstract:

We shall overview applications of actuarial models in life insurance, including profit testing, liability and asset liability models. Such models are used in a variety of applications within the life insurance industry, e.g. Embedded Value, corporate planning, M&A, ALM as well as in the context of Solvency II.

Speaker’s background and experience:

Markus has been with Willis Towers Watson since 2002. He works in Cologne, Germany, as well as in Vienna, Austria.

Markus holds a PhD in Mathematics, is a qualified German Actuary (Aktuar DAV), member of the DAV ERM/Capital Management working group, the German Actuarial Association (DGVM), and the Austrian Actuary Association (AVÖ). In 2015/2016 and 2018/2019, he was Visiting Professor of Actuarial Modelling at the University of Salzburg.

Markus’s experience spans a variety of areas, including M&As and IPOs, capital optimization, asset liability management, financial modelling, Solvency II, IFRS 17 in life insurance and pension funds across Europe.