Prof. Raimond Maurer opens the 19th IAA AFIR Colloquium in Munich

The 3rd IAA LIFE Colloquium and the 19th IAA AFIR Colloquium were held at Hotel Sofitel Bayerpost in Munich, from 6 to 11 September, 2009. Professor Dr. Raimond Maurer, as the chairman of AFIR Scientific Committee, gave the opening address to the Joint Programme of AFIR/LIFE. More than 350 participants coming from more than 20 countries took part. Over 60 contributions made this Colloquium an extremely successful event.

There were four invited lectures on the joint AFIR/LIFE Programme and AFIR Colloquium. David Blake from CASS Business School in UK gave a lecture on?The new life market: From survivor bonds to life settlements sucuritisation?. Christian Mumenthaler from Swiss Re gave a talk on ?Risk management in a challenging environment?, from his personal view and practical experience. Karel van Hulle from European Commission gave a lecture on ?Solvency II?, from the perspective of challenges for actuaries?. Olivia S. Mitchell from the Wharton School of the University of Pennsylvania in USA gave a talk under the title?Global challenges in pension risk management?.

Due to the large number of contributions there was a tight scientific program having parallel sessions, where the contributed papers were presented in 20-minute sessions. There was a large variety of topics classified into different groups: Life insurance and financial markets, Portfolio and risk management, Pensions: Managing accumulations and decumulations, Solvency, guarantees and risk capital, Asset and derivative pricing, Asset/Liability management, Longevity and mortality risk.

This Colloquium offered academics, policymakers and practitioners a unique forum to exchange of knowledge in the application of quantitative technique to practical problems, provoked energetic discussions on the fields of life insurance, pensions and the management of financial risks.