EIOPA Asks for Better Value for Money in Bancassurance
On October 4th, 2022 the European Insurance and Occupational Pensions Authority (EIOPA) issued a warning pursuant to Article 9, paragraph 3, of Regulation (EU) no. 1094/20104 with which it warns insurers and banks (as insurance distributors) on the high levels of remuneration and the presence of conflicts of interest in the sale of credit protection […]
PRESS RELEASE September 7th, 2022: Antonia Boccadoro joins Algoritmic®
Rome, September 7th, 2022. One year after its establishment, Algoritmic® continues on its growth path, extending its consulting offer to insurance distribution and to the compliance of insurance intermediaries. It does so thanks to the entry of a new leading professional, well known for her skills on the Italian insurance market: Antonia Boccadoro. Antonia worked […]
A Fair Value Actuarial Model for Natural Disaster Risk in Agriculture
Starting from 2008, a fruitful collaboration was started between the Institute of Services for the Agricultural Food Market (ISMEA), and the University of Rome "La Sapienza" with the involvement of the ACRA Studio - Association for Consulting and Research (ACRA), now part of Algoritmic®. The collaboration, still in place, produced in 2011 a first research paper, also financed with the contribution of the Ministry of Agricultural...
Insurance Data Science Conference
We are pleased to announce that the Insurance Data Science Conference will be held on June 15-17, 2022 at the Università Cattolica del Sacro Cuore - Milan. The conference brings together academics and practitioners in areas including data science, analytics, machine learning, artificial intelligence, computational statistics and software, applied in the insurance industry. We point out that our Founder Prof. Nino Savelli is part of the panel of the organizers of the event.
IVASS Publishes Two Important Documents
On March 11th, 2022 IVASS published two important documents: 1. the Discussion Document n. 1/2022 which reports the preliminary considerations for future regulatory interventions by IVASS on the subject of life products; 2. the Consultation Document no. 3/2022 which contains the draft provisions on Unit and Index Linked insurance contracts.
IFRS17: IVASS Places the Proposed Amendments to Public Consultation
Yesterday, February 15, 2022, IVASS put in public consultation document no. 2/2022 which illustrates the proposed amendments to the rules necessary following the introduction of IFRS 17 (Insurance contracts), endorsed in European legislation with the Commission Regulation (EU) 2021/2036 of November 19, 2021.
Capital Allocation and RORAC Optimization under Solvency II Standard Formula
Directive 2009/138 / EC Solvency II requires insurance and reinsurance undertakings to evaluate the Solvency Capital Requirement or through the so-called “standard formula” or through partial or full internal models. Focusing on the standard formula, the formula proposed by the regulator allows for a reduction in the capital due to the diversification effect, according to the typical subadditivity property of risk measures.
Dynamic Policy Holder Behaviour Analysis: an Application of Sigmoid and Double Sigmoid Function
The term “policyholder behavior” refers to the decisions that policyholders (individuals, groups or organizations) make in selecting and using the benefits and guarantees implicit in life insurance products. It is clear that the future behavior of policyholders affects the price and risk management for most life insurance products: interrupting the payment of premiums and terminating […]
PRESS RELEASE January 10th, 2022: A New Consulting Model is Born for Insurance Companies and for Pension Funds
By deed of the Notary Claudio Ciaffi, Algoritmic® S.r.l. was established, a consulting company that aims to support its customers in the design and implementation of solutions for risk management, data analysis and management as well as in the management of operational and strategic changes. The company can make use of the know-how contributed by […]
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