We organized a lecture course for the Actuarial Association focused on the (financial) risks and uncertainties faced by pension funds and insurance companies.

The Actuarial Association (Actuarieel Genootschap, AG) is the professional association of actuaries and actuarial specialists in the Netherlands, of which very nearly all actuaries are members. The AG has developed into a platform for actuaries to communicate among themselves and with society at large. The Association also provides educational services ranging from one day courses to a complete training program to become a licensed actuary.

The lecture course focused on risks actuaries evaluate – estimating the financial size and chance of occurrence, and the impact they have on the fund. Based on this, computation funds can be corrected if necessary. The course uses Hull’s book and covers futures, forwards, interest rates, swaps, options and hedging strategies.