ISSA International Conference

18th ISSA International Conference of Social Security Actuaries and Statisticians

16–18 September 2015 | BudapestHungary

ISSA International Conference

18th ISSA International Conference of Social Security Actuaries and Statisticians

16–18 September 2015 | BudapestHungary

Programme

Programme

Modification date:
22 September 2015
Type:

Document

The 18th ISSA International Conference of Social Security Actuaries and Statisticians will take place in Budapest, Hungary, from 16 to 18 September 2015.

At a time of heightened scrutiny of social security operations, the need for the expertise of actuaries has arguably never been greater. In recent years, the role of actuaries has widened to include not only actuarial valuations and an assessment of the sustainability of social security systems, but also the analysis of the adequacy of benefits, the investment options for reserve funds, the assessment of long-term care and health systems and the ssocial and economic impacts of social security provision.

The Conference sessions will focus on the following topics:

  • Sustainability of retirement systems seen from a Central European viewpoint
    The session will be devoted to the demographic challenges ahead in Hungary and the rest of Europe and the implications for long-term sustainability of pension systems in the region. It will provide insights into the impact of population ageing on social security systems, the issue of intergenerational equity and the financial consequences of such changes.
  • Good practice in actuarial work, including a presentation of the forthcoming ISSA Guidelines on Actuarial Work for Social Security
    The contribution of actuarial work to the management of social security is vital. In recent years, the role of actuaries has widened significantly to include not only actuarial valuations and an assessment of the sustainability of social security systems, but also investment, adequacy, reporting and strategic issues. This session will enable member institutions to acquire knowledge of what constitutes good practice in diverse areas of actuarial work, and therefore to define the benchmarks for improvement and the objectives to reach. The session will also discuss good actuarial practices in areas of setting assumptions, developing models, communication of results and peer review processes. It will feature a presentation of the draft ISSA Guidelines on Actuarial Work for Social Security that is expected to be a tool in supporting social security institutions to work towards administrative excellence.
     
  • An analysis of the social and economic impacts of social security
    In an increasingly-challenging and rapidly-changing external environment, ensuring social security has a positive tangible impact has become more important than ever. This session will identify a number of the future challenges for social security and analyse the effectiveness of various policy and management measures to address them. It will highlight actuarial analysis of how social security can support social cohesion and economic growth in the light of these social, demographic, economic and environmental changes.
     
  • A focus on investment issues including the issue of long-term returns, socially responsible investment and the risks related to different asset choices
    The effective management of social security reserve funds as well as funded pension systems is an important contribution to the sustainability of systems. At the same time, increasing scrutiny of investment performance, more complex risks to manage and the challenge of generating adequate returns in a low inflation environment means actuarial involvement is essential. This session looks at issues relating to long-term investment decisions and the role of actuaries in identifying, analysing and treating investment risks.

The Conference is open to ISSA members and invited participants and the working languages are English, French, German and Spanish. Interpretation will also be provided in Hungarian.