We are living longer. The fact that our society is ageing is no longer news. It is therefore unsurprising that Wien has gone from being the federal state with the oldest population to the one with the lowest average age. The populations of the other eight federal states have aged steadily in recent decades, pushing the federal capital to the bottom of the ranking. …
InsurTech start-ups are already gaining ground in the US market. In Europe, investment remains more tentative. However, the industry, particularly in Austria, needs to rethink its approach to new technologies and the opportunities they offer for actuarial science. Newer providers in particular stand out through their customisable offerings, unlike their competitors, which focus on …
As actuaries, data is particularly important to us. It enables us to assess risks more accurately and carry out predictive analyses. Artificial intelligence (AI), for example, can help make these processes even more efficient. Optimising processes through new technologies is by no means unique to our time. Throughout history, periods of …
On Monday, 12 September 2022, the ks actuaries team attended the BAV-Praxisforum Autumn 2022 in Geras. We had the opportunity to share our insights on “Valuing employee benefit liabilities”. Many thanks to the Vermittlerakademie and Zürich Versicherung for the invitation!
Gender reassignment changes not only the gender recorded in the Central Civil Status Register (ZPR), but also the applicable retirement age. This was the experience of a 60-year-old Styrian man whose application for an old-age pension was rejected because the male retirement age of 65 now applied to him. Following this rejection, the transgender man took the matter to court, arguing that he …