The Colombian Association of Actuaries ACA hosted our colleagues Guido Monteverde and Frank Cuypers as keynote speakers at its VIIIth International Actuarial Symposium in Bogotá, held from November 13 to 16, 2024.
In his presentation Guido shared his expertise on the application of copulas to aggregate dependent risks in the context of risk-based solvency schemes, while Frank demonstrated in his talk how pricing, reserving, and solvency models can explicitly account for parameter risk.
On Saturday they both teamed up to deliver a full day introductory workshop on reinsurance optimization, which attracted around 40 actuaries, regulators and reinsurance brokers, among others.
Incidentally, since the Colombian state pension fund Colpensiones generously sponsored Frank’s trip, he also ran at their headquarters a half-day workshop on actuarial uses of machine learning, which more than 50 of its experts and executives attended.
The visit wasn’t all work, though. On Thursday evening, local actuaries José Miguel Valbuena, Mariela Benavides and Laura Caballero took Guido and Frank up to Monserrate, a breathtaking hill towering 500 meters above Bogotá. Note the umbrella: although the city is close to the equator, at an altitude of 2600m the temperatures don't feel tropical, but the rain certainly does!
Before the symposium Frank also ventured beyond the city: he explored the nearby cliffs and woods of Suesca with ACA's Executive Director Alex Sánchez (Who, incidentally, did a fantastic job of orchestrating the whole symposium!) and discovered Bogotá's charming colonial neighborhood of La Candelaria, guided by her good friend, the art historian Olga Acosta.
And on Sunday, José Miguel Valbuena and John Rodríguez took him on an unforgettable visit to the stunning salt mine of Nemocón, complete with its mesmerizing reflecting pools of saturated saltwater.
A huge thank-you to everyone who made this trip such a meaningful, enriching and fun experience!
Your Prime Re Solutions team
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