The volatile markets and evolving regulatory climate of recent years, has driven much attention across the insurance industry to risk management. Many in the actuarial profession have been moving away from deterministic approaches, looking to gain a wider picture of risk exposures as their firms adopt more complex investment-linked products and are subject to a more complex regulation. More than simply setting higher premiums and passing risk on to the insured, firms can also find competitive advantage through the application of sophisticated Economic Scenario Generation (ESG) techniques right from the product design phase.

Whether fully immersed in ESG, or just beginning to consider implementation of ESG techniques, the success of these approaches depends on skilled leveraging of a solid and consistent modeling framework.

On October 2, 2012 Ghali Boukfaoui discussed Risk Neutral Modeling for Economic Scenario Generation. As the first installment of our ESG webinar series, this webinar:

  • Reviewed the foundations of the Risk Neutral Theory, the framework upon which Risk Neutral Economic Scenario Generation Modeling is built
  • Examined the Hybrid Framework and Joint Calibration Approaches
  • Described the strengths and weaknesses, as well as important nuances of each approach

  • Explained these approaches in context of the market consistency challenge

  • Introduced Advanced Indices Generation

To view the webinar replay, just register on the right side of this page.

Featured Numerix Speakers:
Moulay El Ghali El Boukfaoui, Insurance Product Specialist, Client Solutions Group
Mr. Boukfaoui oversees development of insurance modeling solutions for the company. Prior to Numerix he was a quant and actuarial consultant both in the United States and Europe focusing on quantitative techniques for the modeling and assessment of Asset and Liability risk.

Mr. Boukfaoui is a graduate from Ecole Polytechnique and holds a master of science in Financial Mathematics

Moderator: Jim Jockle, Chief Marketing Officer
Mr. Jockle leads the company's global marketing efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to customers in the largest global financial markets and to the Numerix partner network through the company's branding, electronic marketing, research, events, public relations, advertising and relationship marketing.

Prior to joining Numerix, he served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, Mr. Jockle built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. He also oversaw the brand development of a new company dedicated to the enhancement of credit derivative and structured-credit ratings, products and services. Prior to Fitch, Mr. Jockle was a member of the communications team at Moody's Investors Service.

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