Life Insurance Across Europe – An Overview from an Actuarial Perspective
While life insurance across Europe serves similar fundamental purposes, its practical implementation varies significantly across jurisdictions. Each market is shaped by its own regulatory framework, tax environment, product design traditions, and demographic dynamics.
This seminar aims to broaden perspectives beyond national boundaries by providing a structured, comparative overview of European life insurance markets. Selected countries will be examined with a focus on typical products, regulatory and legal frameworks, pricing and reserving methodologies, and the key current and emerging challenges for actuaries.
Speakers:
- Germany: Alexander Kling, ifa Ulm
- Switzerland: Frank Genheimer, new insurance business
- France: TBD
- Italy: Federico Scamperle, Assicurazioni Generali S.p.A.
- UK: TBD
- Denmark: Sam Achord, PensionDanmark
- Finland: Esko Kivisaari
- Poland: Pawel Sikora, Vienna Life
- Slowakia: Maria Kamenarova
- Hungary: TBD
- Overview over other Eastern European countries: Laszlo Koltai, Vienna Insurance Group
Type of event: online via MS-Teams
Language of the event: English
Costs: 150 EUR for both half-days
CPD-Points (Austria): 6 Points, IDD-Credits: 6 (Module 2)
Dates:
- Thursday, 25 June, 9:00–12:30 (CEST)
- Monday, 29 June, 14:00–17:30 (CEST)
Target group:
The seminar is primarily aimed at actuaries, and all speakers are actuaries, but the presentations will not dig into actuarial details. It is also well-suited for other interested professionals, such as staff in insurance accounting or controlling, sales agents, brokers, and marketing professionals.
Contents:
This online seminar is aimed at providing Actuaries with insights into life insurance markets across Europe. The objective is to move beyond a purely national perspective and to develop a broader understanding of product design, regulatory frameworks, and actuarial practices in different countries.
From a variety of countries well-known speakers will join us, covering key aspects of the respective market. These include typical life insurance products (such as traditional, unit-linked, protection, and pension products), main target groups, as well as legal and supervisory requirements and tax treatment. In addition, topics such as profit participation mechanisms, minimum biometric risk requirements, pricing practices (including cost structures), and reserving approaches will be addressed. Further country-specific features may also be included to provide a comprehensive overview of the structure and particularities of each market.
About the Speakers:
Frank Genheimer is Managing Director and Partner at New Insurance Business (Switzerland). He works at the intersection of actuarial science, product architecture, and capital markets, focusing on how life insurance can evolve from standalone products to integrated financial systems. A trained actuary with a strong product DNA, he combines actuarial expertise with hands-on experience across the full value chain of life insurance – from product development and investment strategy to distribution and inforce management. Frank is a regular speaker at international actuarial and financial industry events and a member of the German and the Swiss Association of Actuaries.
Esko Kivisaari
Master of Science, Fellow of the Actuarial Society of Finland.
Past President of the Actuarial Association of Europe. Currently Chair of the Artificial Intelligence & Data Science Working Group of the AAE.
Non-Executive Director at Fennia, Mutual Insurance Company. Consulting under the name ‘Actuarial Consulting and Insulting Esko Kivisaari’.
Formerly Deputy Managing Director of Finance Finland, the industry lobby of insurance and banking sectors in Finland. During those times member of the Board of Insurance Europe, as well as occasionally member of the Board of European Banking Federation.
Hobbies: classical guitar and choir