EAA Web Session: "Introduction into Special Aspects of Life Reinsurance"

Einleitung/Dauer

After an initial general introduction to reinsurance, we will look at the specific risks in life (re)insurance and appropriate reinsurance solutions. In this context we will also analyse specific terms commonly used in non-life insurance, such as loss frequency and loss amount.

Concrete examples will be used to illustrate the differences between life and non-life reinsurance. In this context, we will also take a closer look at the possible maximum loss (PML) known from property and casualty insurance and apply it to life reinsurance.

Using an Excel model, the impact of life reinsurance on the risk profile and income statement of a life insurer is analysed in a practical manner in order to identify possible optimizations in life insurer’s earnings situation.

Preliminary Programme
Wednesday, 4 March 2026
10:00-12:00 Topics:

• Life reinsurance
• Differences to Non-Life Reinsurance
• Possible Maximum Loss in life reinsurance
• Impact of reinsurance covers on life insurer’s P&L

All the above times are given in CET (Central European Time).

Vorgehensweise und Ziele

The aim of the web session is to provide a deeper insight into life reinsurance and to highlight the key differences between life and non-life reinsurance.

Using practical examples, participants will learn how to determine the impact of individual reinsurance solutions on their own company or insurance portfolio.

Teilnehmer

This web session is suited for actuaries in (but not restricted to) life insurance. Experience in life reinsurance is not required but might be useful.

Since the practical part of the web session is based on examples created in MS Excel, only basic experience in MS Excel is required.

Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure to join the web session with a stable internet connection.

Dozierende

Thorsten Keil
Thorsten Keil holds a degree in mathematics and works as a Principle Consultant at the consulting firm Aeiforia GmbH. In a career spanning more than 30 years, he has held various positions within the life and reinsurance industry. From 1999 to 2015, he worked at various locations of the reinsurance group SCOR SE, where he gained extensive knowledge of life insurance markets and products on a national and international level. From 2016 to 2020, he worked as Head of the Mathematical Department for a German insurance group, where he also held the position of the actuarial function and appointed actuary.

Sprache/Kurztitel

The language of the web session will be English.

CPD Credits
For this web session, the following CPD credits are available under the CPD scheme of the relevant national actuarial association:

• Austria: 2 points
• Belgium:  2 points
• Bulgaria:  3 points
• Croatia: individual accreditation
• Czechia:  2 hours
• Denmark 2 credits
• Estonia:  2 hours
• Finland: 2 points
• France:  12 points
• Germany:  2 hours
• Greece: 3 points
• Hungary:  2 hours
• Iceland: 2 credits
• Ireland: 2 hours
• Italy: individual accreditation
• Latvia: 2 hours
• Lithuania: 2 hours
• Netherlands:  approx. 2 points (individual accreditation)
• Norway: 2 points
• Poland: 2 hours
• Portugal: 2 hours
• Serbia: 2 hours
• Slovakia:  individual accreditation
• Slovenia:  individual accreditation
• Spain: CAC: 2 hours, IAE: 2 hours
• Switzerland:  individual accreditation
• USA: SOA (Section B): up to 2.4 hours

No responsibility is taken for the accuracy of this information.