|9:00 – 9:30
|9:30 – 14:00
Especial pensiones is a open monographic event focused on the pension system in Spain. Two invited lectures will provide, from the professional and academic perspective, an overview of the current situation of the public and private Spanish pension system and the future challenges arising from the new demographic trends.
The session will end with a round table moderated by the journalist Jordi Parilla.
|14:30 – 16:00
|16:00 – 16:45
Lecture (Chair: José Enrique Devesa Carpio)|
The first process of post-evaluation of the SCR calculation with the standard formula foreseen in the Solvency II Delegated Regulation – the so-called 2018 Solvency II Review – has become to an end and will have to be implementing by firms in 2019. The European Commission launched in February 2019 the full review of the Solvency II rules ( the “2020 Full Review”) as required by the Solvency II Directive for the end of 2020. The speaker will provide an overview of the objectives of the 2020 review process and the amendments to be considered following the 2018 Solvency II review.
|16:45 – 17:15
||Session 1 – Public Pensions (Chair: Francisco Javier Sarrasí)|
José Enrique Devesa Carpio, Mar Devesa Carpio, Inmaculada Domínguez Fabián, Borja Encinas Goenechea y Robert Meneu Gaya.
LAS COMUNIDADES AUTÓNOMIAS Y LA SEGURIDAD SOCIAL
Margarita Velín Fárez
||Guided Tour (Departure time from venue)
|9:00 – 9:45
Lecture (Chair: Eliseo Navarro)|
This talk reviews the most commonly used dynamic models. From Heligman and Pollard laws to the model introduced by Lee and Carter in 1992. Different versions of models, incorporating hypotheses about the data, constraints on the parameters, and different fitting methods have led to improvements.
|9:45 – 10:30
||Session 2 – Fourth age financial products (Chair: Laura González-Vila)
Iván de las fuente Merencio, Gregorio Serna y Eliseo Navarro
ESTIMATING REGULATORY CAPITAL REQUIREMENTS FOR REVERSE MORTGAGES. AN INTERNATIONAL COMPARISON
Manuela Bosch y M. Mercè Claramunt
Robert Meneu Gaya, José Enrique Devesa Carpio, Mar Devesa Carpio, Inmaculada Domínguez Fabián y Borja Encinas Goenechea
|10:30 – 11:15
Lecture (Chair: Robert Meneu)|
|11:15 – 11:45
||Coffee Break + Poster Session
|11:45 – 12:30
||Session 3 – Actuarial Models (Chair: Teresa Costa)
Anna Castañer y M. Mercè Claramunt
ACTUARIAL APPLICATIONS OF SCHUR-CONSTANT EQUILIBRIUM DISTRIBUTION MODELS
F. Javier Sarrasí Vizcarra y Mª Àngels Pons Cardell
M. Mercè Claramunt y Maite Mármol
|12:30 – 13:15
Lecture (Chair: M. Mercè Claramunt)|
This project works with the risk model developed by Li et al. (2015) and quests modelling, estimating and pricing insurance for risks brought in by innovative technologies, or other emerging or latent risks. The model considers two different risk streams that arise together, however not clearly separated or observed. Specifically, we consider a risk surplus process where premia are adjusted according to past claim frequencies, like in a Bonus-Malus (BM) system, when we consider a classical or historical risk stream and an unforeseeable risk one. These are unknown risks which can be of high uncertainty that, when pricing insurance (ratemaking and experience rating), suggest a sensitive premium adjustment strategy. It is not clear for the actuary to observe which claim comes from one or the other stream. When modelling such risks it is crucial to estimate the behaviour of such claims, occurrence and their severity. Premium calculation must fairly reflect the nature of these two kinds of risk streams.
|13:15 – 15:00
|15:00 – 16:15
||Session 4 – Young researchers (Chair: Eva Boj)
Henglong Wu, Oriol Roch y Josep Vives
ERROR DE COBERTURA EN TIEMPO DISCRETO EN OPCIONES CON MÚLTIPLES SUBYACENTES
Francisco Javier Varea y Álex Vázquez
IV Workshop on Pensions and Insurance 2018. Programme
III Workshop on Pensions and Insurance 2017. Programme
II Workshop on Pensions and Insurance 2016. Programme
I Workshop on Pensions and Insurance 2015. Programme