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Czech Society Of Actuaries
The Czech Society of Actuaries (CSA, ) is the association of actuaries in Czechia. It aims to promote education and research in actuarial science and to mediate social and professional contacts among actuaries. The Society is a full member of the International Actuarial Association and the Actuarial Association of Europe. As of 2023, it has around 350 members, more than 110 of them fully qualified. Current chairman of the Society is Jan Šváb. History Society of Czechoslovak Insurance Technicians Actuarial science started to be taught at the Prague Polytechnic in 1904, and the first students graduated in 1907. By 1918, more than 170 graduates completed the course. On 27 February 1919, the Society of Czechoslovak Insurance Technicians () was established. The Society aimed to associate insurance technicians and to support and promote interests of experts in fields of actuarial science and statistics. The Society was a member of the Comité Permanent des Congrès Internationau ...
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Actuary
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. These risks can affect both sides of the balance sheet and require investment management, asset management, liability (financial accounting), liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. The name of the corresponding academic discipline is actuarial science. While the concept of insurance dates to antiquity, the concepts needed to scientifically measure and mitigate risks have their origins in 17th-century studies of probability and annuities. Actuaries in the 21st century require analytical skills, business knowledge, and an understanding of human behavior and information systems; actuaries use this knowledge to design programs that manage risk, by determining if the implementation of strategies proposed for mit ...
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Czech Republic
The Czech Republic, also known as Czechia, and historically known as Bohemia, is a landlocked country in Central Europe. The country is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The Czech Republic has a hilly landscape that covers an area of with a mostly temperate Humid continental climate, continental and oceanic climate. The capital and largest city is Prague; other major cities and urban areas include Brno, Ostrava, Plzeň and Liberec. The Duchy of Bohemia was founded in the late 9th century under Great Moravia. It was formally recognized as an Imperial Estate of the Holy Roman Empire in 1002 and became Kingdom of Bohemia, a kingdom in 1198. Following the Battle of Mohács in 1526, all of the Lands of the Bohemian Crown were gradually integrated into the Habsburg monarchy. Nearly a hundred years later, the Protestantism, Protestant Bohemian Revolt led to the Thirty Years' War. After the Battle of White ...
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International Actuarial Association
The International Actuarial Association (IAA) is a worldwide association of local professional actuarial associations. History The IAA is the continuation of the ''Comité Permanent des Congrès d’Actuaires'', established in 1895, as an association of individuals. It was renamed the IAA in 1968. At the 26th International Congress of Actuaries, held in Birmingham on 7–12 June 1998, the General Assembly of the International Actuarial Association restructured itself. The restructure created a single unified framework to ensure unity of direction and efficient coordination with respect to issues of a worldwide nature. The major responsibilities of the IAA are now in the hands of the actuarial associations, which bring together the actuaries in their respective countries and is the link between the actuaries and the actuarial associations worldwide. The IAA is the unique international organization dedicated to the research, education and development of the profession and of actua ...
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Actuarial Association Of Europe
The Actuarial Association of Europe (AAE) is the umbrella organization representing the actuarial profession across Europe. It was established in 1978 under the name ''Groupe Consultatif des Associations d'Actuaires des Pays des Communautés Européennes'' ''(GC),''. The name was later changed to ''Groupe Consultatif Actuariel Européen'' in 2002, and finally to its current name on January 1, 2014. The AAE provides independent actuarial advice to key institutions of the European Union – the Commission, the Council of Ministers, the European Parliament The European Parliament (EP) is one of the two legislative bodies of the European Union and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it ..., EIOPA (European Insurance and Occupational Pensions Authority). Its focus is on technical input and professional insight on issues related to insurance, pensions, risk management, ...
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Actuarial Science
Actuarial science is the discipline that applies mathematics, mathematical and statistics, statistical methods to Risk assessment, assess risk in insurance, pension, finance, investment and other industries and professions. Actuary, Actuaries are professionals trained in this discipline. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations focused in fields such as probability and predictive analysis. Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics, finance, economics, financial accounting and computer science. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes since the 1980s due to the proliferation of high speed computers and the union of stochastic actuarial models with modern financial theory. Many universities have undergraduate and gradu ...
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Czech Technical University In Prague
Czech Technical University in Prague (CTU) () is one of the largest universities in the Czech Republic with 8 faculties, and is one of the oldest institutes of technology in Central Europe. It is also the oldest non-military technical university in Europe. In the academic year 2020/21, Czech Technical University offered 130 degree programs in Czech and 84 in English. It was considered one of the top 10 universities in emerging Europe and Central Asia in the same year. History It was established as the Institute of Engineering Education in 1707, but as a secondary education (high school) instead of a tertiary university, by Emperor Joseph I as a response to Christian Josef Willenberg's petition addressed to preceding emperor Leopold I. In 1806, the institute of Engineering Education was transformed into Prague Polytechnical Institute (or Prague Polytechnic), i.e. a school independent of the University of Prague. This was a Europe-wide trend in the early 19th century, as p ...
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International Congress Of Actuaries
The International Congress of Actuaries (ICA) is a conference held under the auspices of the International Actuarial Association every three or four years. The most recent conference was the 33rd Congress held in Sydney, Australia in 2023. Future congresses are planned for Tokyo, Japan in 2026, and Nairobi, Kenya in 2029. Past congresses * 1895 Brussels, Belgium * 1898 London, United Kingdom * 1900 Paris, France * 1903 New York, United States * 1906 Berlin, Germany * 1909 Vienna, Austria * 1912 Amsterdam, Netherlands * 1915 St. Petersburg, Russia (organised but not held) * 1927 London, United Kingdom * 1930 Stockholm, Sweden * 1934 Rome, Italy * 1937 Paris, France * 1940 Lucerne, Switzerland (organised but not held; papers published) * 1951 Scheveningen, Netherlands * 1954 Madrid, Spain * 1957 New York, United States and Toronto, Canada * 1960 Brussels, Belgium * 1964 London and Edinburgh, United Kingdom * 1968 Munich, Germany * 1972 Oslo, Norway * 1976 Tokyo, Japan * 1980 Zurich a ...
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1948 Czechoslovak Coup D'état
In late February 1948, the Communist Party of Czechoslovakia (KSČ), with Soviet backing, assumed undisputed control over the government of Czechoslovakia through a coup d'état. It marked the beginning of four decades of the party's rule in the country. The KSČ enjoyed a period of popularity following the reestablishment of pre-war Czechoslovakia. After a successful performance during the 1946 parliamentary election, party leader Klement Gottwald became prime minister of a coalition government at the behest of President Edvard Beneš. By summer 1947, however, the KSČ's popularity had significantly dwindled, and the party was expected to be soundly defeated in the May 1948 elections. This, along with the electoral failures of the French and Italian communist parties, prompted Joseph Stalin to harden his approach and order Gottwald to seize power. On 21 February 1948, twelve non-Communist ministers resigned in protest. They objected to Gottwald's refusal to stop packing th ...
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Charles University
Charles University (CUNI; , UK; ; ), or historically as the University of Prague (), is the largest university in the Czech Republic. It is one of the List of oldest universities in continuous operation, oldest universities in the world in continuous operation, the oldest university north of the Alps and east of University of Paris, Paris. Today, the university consists of 17 faculties located in Prague, Hradec Králové, and Plzeň. History Medieval university (1349–1419) The establishment of a medieval university in Prague was inspired by Holy Roman Emperor Charles IV, Holy Roman Emperor, Charles IV. He requested his friend and ally, Pope Clement VI, to create the university. On 26 January 1347, the pope issued the bull establishing a university in Prague, modeled on the University of Paris, with all four faculty (division), faculties, including theology. On 7 April 1348 Charles, the king of Bohemia, gave to the established university privileges and immunities from the se ...
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European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ...
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Core Syllabus
Core or cores may refer to: Science and technology * Core (anatomy), everything except the appendages * Core (laboratory), a highly specialized shared research resource * Core (manufacturing), used in casting and molding * Core (optical fiber), the signal-carrying portion of an optical fiber * Core, the central part of a fruit * Hydrophobic core, the interior zone of a protein * Nuclear reactor core, a portion containing the fuel components * Pit (nuclear weapon) or core, the fissile material in a nuclear weapon * Semiconductor intellectual property core (IP core), is a unit of design in ASIC/FPGA electronics and IC manufacturing * Atomic core, an atom with no valence electrons * Lithic core, in archaeology, a stone artifact left over from toolmaking Geology and astrophysics * Core sample, in Earth science, a sample obtained by coring ** Ice core * Core, the central part of a galaxy; see Mass deficit * Core (anticline), the central part of an anticline or syncline * Planetary cor ...
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Petr Mandl
Professor Petr Mandl DSc (5 November 1933 – 24 February 2012) was a Czech mathematician known for his contributions to the fields of stochastic processes and actuarial science. He published several books and more than hundred articles. Petr Mandl was a founding member, former chairman and honorary chairman of the Czech Society of Actuaries. Biography Mandl was born in Plzeň, Czechoslovakia on 5 November 1933. His father was Vladimír Mandl. In 1957, he graduated at the Faculty of Mathematics and Physics, Charles University, Prague. After twenty years spent at the Czechoslovak Academy of Sciences he returned to the university as a lecturer. In 1992, he revived studies of actuarial science in Czechoslovakia by introducing a course of Financial and Insurance Mathematics within the Department of Probability and Mathematical Statistics. For many years he tirelessly organised a Seminar in Actuarial Science () at University premises. Petr Mandl was a founding member of the Czech S ...
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