Programme of the 8th Fall School
Hungarian Actuarial Society
11-12 November 2011

Friday, 11 November, Chair: 		Gyula Horváth
15:30 - 16:30   Steve Haberman:		Recent Developments in Annuities 
16:30 - 17:30   Andrew Smith:			Valuing options and guarantees
17:30 - 18:00   Break
18:00 - 19:00   Andrew Smith:			Effect of liquidity
19:30               Dinner
20:00 – 			Football, games

Saturday, 12 November, Chair: 		Erzsébet Kovács
  9:00 - 10:30   Steve Haberman: 		Modelling Longevity and the Dynamics of Mortality
10:30 - 11:00   Break
11:00 - 12:00   Andrew Smith:			Extreme events
12:00               Lunch

Steve Haberman is Director and Deputy Dean in Cass Business School and Professor of Actuarial Science. From 1995 to 2002, he was Dean of the School of Mathematics. He graduated from the University of Cambridge with a first class BA in Mathematics. He has obtained a PhD and DSc in Actuarial Science from City University. After a 2-year period at Prudential Assurance as an actuarial trainee, he moved to City University in 1974 to take up a post as the first Lecturer in Actuarial Science. He also worked on a part-time basis for about 20 years at the Government Actuary's Department in London. He has taught a wide range of actuarial subjects at BSc and MSc level and successfully supervised 25 doctoral students. He has been an external examiner for PhDs at the Universities of Heriot Watt, Delft and the Sorbonne. He has given talks at many universities including: Haifa, Sofia, Budapest, Warsaw, Rome, Milan, Naples, Salerno, Trieste, Parma, Verona, Delft, Tilburg, Barcelona, Tokyo, Rio de Janeiro, Ljubljana, Louvain, Brussels (ULB), Lisbon(UTL), Lyon, Cologne, Montreal, Toronto. Recent consultancies have included: Lucida, Swiss Reinsurance, Financial Services Authority and Deutsche Bank. He is a Fellow of the Institute of Actuaries, Royal Statistical Society and Institute of Mathematics and its Applications. He is an Honorary Socio Correspondente of the Istituto Italiano degli Attuari. He has published over 160 academic papers and 5 co-authored books viz "Pensions: The Problems of Today and Tomorrow", "History of Actuarial Science", "Modern Actuarial Theory and Practice" (2nd edition in 2005), "Actuarial Models for Disability Insurance", "Modelling Longevity Dynamics for Pensions and Annuity Business". He is an Editor of the "Journal of Pension Economics and Finance" and "Pensions" and a member of the Editorial Boards of "Lifetime Data Analysis" and of "Decisions in Economics and Finance". He has been a member of the Council of the Institute of Actuaries for 11 years. He is a member the UK Financial Reporting Council's Board for Actuarial Standards, the Association of British Insurers' Research Advisory Board and Legal & General's Longevity Science Advisory Panel.
 
Andrew Smith: He is well known internationally for his portfolio of ground-breaking client assignments and extensive published research in the actuarial field. He graduated from Cambridge University in 1990, with a first class degree in mathematics. Since joining Deloitte, Andrew has consulted with many clients in diverse areas.   Andrew has published many papers in insurance, pensions and financial matters. In 1996 he won the Institute of Actuaries' prize for his paper "How actuaries can use financial economics", another prize in 2002 for his joint paper “Corporate Bond Models”, and a further prize for his 2004 paper “The cost of capital for financial firms”. In 2008, the Institute of Actuaries awarded Andrew a Finlaison Medal, in recognition of Andrew’s contribution to actuarial science.

The language of the Fall School will be English.
(The programme is subject to change.)	The Executive Board of the HAS