Tools4F, s. r. o.

Training of actuarial science in the pedagogical process. Another round of irregular seminars was held at the Faculty of Economic Informatics at the Ekonomická univerzita v Bratislave (EUBA) Our colleague Pavel Zimmermann introduced the audience to Tree boosting, XGBoost, and its use in actuarial science. With a focus on: 🟧 Basic boosting principles 🟧 XGBoost implementation, its properties, and possibilities 🟧 Selected Applications of XGBoost in insurance. Thanks for the great representation! We are glad you are part of our team! #education #actuary #science #xgboost #insurace #pedagogicalprocess #T4F

We stepped out of the offices into the vineyards.  Every year during this time comes the compulsion to have a short rest, have fun, recharge our batteries, visit a nice place, taste good food and drinks, and above all meet each other face to face. This year it was special because part of our nice Croatia section joined us as well. We really appreciate it! After catching the last sunny rays, we are ready to work, help, and be here for you! We understand your job! #dreamteam #rest #fun #wineisfreedom #T4F

We stepped out of the offices into the vineyards.  Every year during this time comes the compulsion to have a short rest, have fun, recharge our batteries, visit a nice place, taste good food and drinks, and above all meet each other face to face. This year it was special because part of our nice Croatia section joined us as well. We really appreciate it! After catching the last sunny rays, we are ready to work, help, and be here for you! We understand your job! #dreamteam #rest #fun #wineisfreedom #T4F

Two specific tools for eligibility assessment as required by IFRS 17 can be found on our websites. PAA Eligibility tool It considers both qualitative and quantitative assessments for any insurance or reinsurance contracts. Effects that have any impact on the PAA eligibility and which are of course included in the tool are the following: 🔸 Revenue recognition pattern, 🔸 Presence of significant financing component, 🔸 Experience adjustments, and 🔸 Assumption changes. VFA Eligibility tool Our tool provides VFA eligibility focusing on those three conditions prescribed by Standard: 🔸 The first condition defined in IFRS 17 paragraph B101(a) is assessed based on qualitative input information  🔸 The second and third conditions are assessed quantitatively based on the results of several scenarios of projected cash flows from your actuarial software. In detail here: https://lnkd.in/ezHixkNp #eligibility #tools #PAA #VFA #IFRS17 #T4F

How to construct the yield curve from market data? Tools4F team brings a handy tool! 📈 The Yield curve fitting tool is an application: - created in MS Excel environment: - ready for constructing yield curves from market data of a defined pool of assets – bonds, swaps, ….  - applying several methods – linear inter/extrapolation, splines, Nelson-Siegel-Swenson, Smith-Wilson, … Need to know more? Follow the link: https://lnkd.in/e4dyTi_e We can always provide comprehensive training in tool handling and related theory. And of course, if required, we also can agree on tailor-made adjustments of the tool to cover your specific needs. #yieldcurves #tool #Excel #T4F

Assumption conversion tool Streamline your actuarial processes with our latest update of VBA-based tool! Automate the management of all your assumptions, easily convert them to FAC format or other formats, and simplify data handling with seamless Excel integration. Ideal for assumption management, governance, preparation of reports, analyses, and model updates. Explore more on our website: https://lnkd.in/eNVD3nUz #VBA #tool #actuarialprocesses #FACformat #assumptions #T4F

Do you know why actuaries don't tell jokes? Because they calculate the risks of people laughing!"😂😂😂 "Happy International Actuaries Day!" #Actuary #InternationalDays #humor #T4F

DORA směřuje k posílení kybernetické bezpečnosti finančního sektoru...

Own Risk and Solvency Assessment (ORSA), is much more than pure compliance. Recently we finished the ORSA report 2023 for one of our long-standing partners. Our advisory consisted of performed calculations for the purpose of writing the following chapters of the ORSA report. ▪ Executive summary (in the section on Capital Requirement, Scenario testing, and Management actions) ▪ Capital requirements and solvency ▪ Scenario testing incl sensitivity analysis ▪ Continuous compliance We are still ready to help in ORSA and many other actuarial tasks! #ORSA #SII #scenarios #riskmanagement #capitalrequirement #SCR #T4F

ALM - good practices in insurance companies One of our education themes "ALM - good practices in insurance companies" is a regular point of interest.  The seminar is intended for risk and financial managers, actuaries, investment managers, product managers, and related.  The workshop explains complex ALM topics from basics to detailed and highly practical ones.  The intention is to clarify what is on the liability side for “investment people” using their language and what is on the assets side for “liability people” 😊. It includes:  - introduction to ALM - what ALM analysis and techniques are used – what are their limitations and what conclusions could we make out of them - how ALM might be organized – documents, roles, committees, etc.  - many other ALM-related topics. All presented and illustrated on prepared realistic company model in MS Excel. Last month, we just conducted one such training for one of the top 5 insurance companies in the Czech and Slovak markets. #ALM #insurance #education #riskmanagement #seminar #T4F