Category Archives: The European Actuary

The IFRS 17 transition option; risking business value with “simply” applying the fair value approach.


Authors: David Brunsveld, Servaas Houben Pdf: PDFArticle Publisher, publication date: The European Actuary, 2020-07 —————————————————————————————————————————— In light of the potential audience of this article, we sometimes deviate from specific IFRS accounting terms. IFRS 17 principles behind transition IFRS 17 is the … Continue reading

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Solving Longevity – From Russia with love


Authors: Servaas Houben link: http://theeuropeanactuary.org/downloads/TEA%2018-OCT2018.pdf (pages 13-15) pdf: TEA 18-OCT2018_Russia Publisher, publication date: The European Actuary, 2018-10 —————————————————————————————————————————— The day before the start of this year’s world cup, Russia announced that it would increase its retirement age for males from 60 … Continue reading

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Cost of capital method can still provide additional insight under IFRS 17


Authors: Jasper Hoogenstraaten, Servaas Houben link: http://theeuropeanactuary.org/downloads/TEA%2021-nov2019.pdf (pages 8-11) pdf: TEA 21-nov2019_CoC Publisher, publication date: The European Actuary, 2019-11 —————————————————————————————————————————— Executive summary In the previous TEA article on the IFRS 17 risk adjustment as part of the technical provisions we … Continue reading

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Limited Data, endless opportunities – The experience of life expectancy in the Caribbean region


Authors: Servaas Houben link: http://theeuropeanactuary.org/downloads/TEA%2017-juni2018-web.pdf (pages 5-9) pdf: TEA 17-juni2018-web Publisher, publication date: The European Actuary, 2018-06  —————————————————————————————————————————— Background and Scope Despite limited Caribbean data, the Worldbank dataset shows a remarkable overall trend of increasing life expectancy for the Caribbean … Continue reading

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Manage your business, manage your risk adjustment


Authors: Jasper Hoogenstraaten, Servaas Houben link: http://theeuropeanactuary.org/downloads/TEA%2020-JULY2019.pdf (pages 14-16) pdf: TEA 20-JULY2019_RA Publisher, publication date: The European Actuary, 2019-06  —————————————————————————————————————————— Executive summary In the new IFRS17 accounting standard a margin is added to best estimate liabilities for non-financial risks, called … Continue reading

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Reinsurance in the Dutch Caribbean: a challenging business


Authors: Servaas Houben link: http://theeuropeanactuary.org/downloads/TEA%201-10%20SCREEN.pdf (page 12) pdf: TEA 1-10 SCREEN_reinsurance Publisher, publication date: The European Actuary, 2015-04 —————————————————————————————————————————— Although the ABC islands (Aruba, Bonaire and Curacao) have been hit by natural disasters in the past, the frequency of these … Continue reading

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Longevity in the Caribbean – the end of la dolce vita?


Authors: Servaas Houben Link: http://theeuropeanactuary.org/downloads/TEA%206-1-screen.pdf (pages 10-11) Pdf: TEA 6-1-screen_longevity Publication date: 2015-10 —————————————————————————————————————————— For the past decades, longevity risk has been a concept which seemed to circumvent the Caribbean: lack of adequate healthcare, natural disasters, and the joy of … Continue reading

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