PRMIA Zurich is happy to invite its members to:

The Swiss Solvency Test

A PRMIA Zurich Chapter event offered together with the Master of Science in Quantitative Finance, joint degree of UZH and ETH

Time: February 28, 2012, 18:30-20:00
Location: Audi MAX HG F 30, ETH Zurich, Rämistrasse 101 Map
Organizer: Prof. Dr. Erich Walter Farkas (UZH) and Dr. Karl Rappl (FINMA) for PRMIA Zurich Chapter


18.30 Prof. Dr. Walter Farkas: Opening

18.35 Dr. René Schnieper: Solvency Tests for Insurance Companies

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History of SST– Differences to SST2 – Principles – Results of the introduction phase – Overview till end 2010

19.10 Dr. Hansjörg Furrer

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SST Method – Assessment of internal models – Data

19.45 Questions

20.00 Cocktail


Dr. René Schnieper, is responsible for insurance supervision at FINMA, the Swiss financial market supervisory authority. Before taking over that responsibility he was Head of Quantitative Risk Management which includes the development and the implementation of the Swiss Solvency Test SST.
Before joining FOPI, the predecessor organization of FINMA, René Schnieper worked as an actuary and later as an underwriter with different reinsurance companies.
René Schnieper holds a PhD in Mathematics from ETH in Zurich and is a member of the Swiss Actuarial Association.

Dr. Hansjörg Furrer is Head of Quantitative Risk Management – Insurance Division – of the Swiss Financial Market Supervisory Authority, FINMA, where he is responsible for the implementation and further development of the Swiss Solvency Test, SST, and for the approval of internal risk models.
From 2004 to 2010, he worked at Swiss Life in a number of senior actuarial roles and, prior to that, as a Research Fellow at RiskLab. From 1998 to 2002, he worked as a pricing actuary at Swiss Re.
Hansjörg Furrer has a PhD in mathematics from the ETH Zürich (Swiss Federal Institute of Technology, Zurich) and is the co-author, with Mario Wüthrich and Hans Bühlmann, of “Market Consistent Actuarial Valuation” (Springer, 2008 and 2010 (2nd Edition)). He is a Board member of the Swiss Association of Actuaries.