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  • Mortality Improvement: The Ultimate Onion
    Mortality Improvement: The Ultimate Onion Identifies current trends and considerations when ... setting the mortality improvement assumption for individual life insurance in the US. Life reinsurance;Life ...

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    • Authors: Jay Biehl, Edward Hui
    • Date: Nov 2018
    • Competency: External Forces & Industry Knowledge>Actuarial theory in business context; External Forces & Industry Knowledge>External forces and business performance; Strategic Insight and Integration>Big picture view; Technical Skills & Analytical Problem Solving>Problem analysis and definition
    • Publication Name: Reinsurance News
    • Topics: Demography>Mortality - Demography; Demography>Longevity; Demography>Population data; Experience Studies & Data>Mortality; Life Insurance>Pricing - Life Insurance; Modeling & Statistical Methods>Forecasting; Predictive Analytics; Reinsurance>Life reinsurance; Reinsurance>General reinsurance
  • Calibrating Risk Score Model with Partial Credibility
    regression model was the normalized cost of each individual. The outcomes for very high cost individuals ... regression model. For example, one very high-cost individual flagged for a certain condition could singlehandedly ...
    • Authors: Sheamus Parkes, Brad Armstrong
    • Date: Oct 2015
    • Competency: Results-Oriented Solutions>Actionable recommendations; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Expanding Horizons
    • Topics: Health & Disability>Health care; Health & Disability>Health insurance; Health & Disability>Health risks; Modeling & Statistical Methods>Bayesian methods; Modeling & Statistical Methods>Data mining; Modeling & Statistical Methods>Estimation methods; Predictive Analytics
  • Company Profitability and Risk Dashboards--A Tool in the Understanding and Management of Risk, Part 1
    “expected” basis—a company expected mortality table, the total of all participants in a particular industry ... mortality dashboard only, an industry expected table. (Note that this sample dashboard was designed ...

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    • Authors: Marianne C Purushotham, Mark Birdsall
    • Date: Sep 2016
    • Competency: Communication>Difficult message delivery; External Forces & Industry Knowledge>Internal forces and business performance; Results-Oriented Solutions>Actionable recommendations; Strategic Insight and Integration>Big picture view; Strategic Insight and Integration>Effective decision-making; Strategic Insight and Integration>Influence decisions; Technical Skills & Analytical Problem Solving>Problem analysis and definition
    • Publication Name: Small Talk
    • Topics: Actuarial Profession>Best practices; Experience Studies & Data>Mortality; Life Insurance>Marketing and distribution - Life Insurance; Predictive Analytics
  • Learning Data Science - From An Actuary’s Perspective
    companies to understand risks for pricing and valuation. Actuaries are also well-known for good math ... are used to paint the profile picture of an individual, which can be used by companies to provide per- ...

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    • Authors: Xiaochuan Li
    • Date: May 2017
    • Competency: Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition
    • Publication Name: Actuary of the Future
    • Topics: Actuarial Profession>Professional development; Predictive Analytics
  • Calibrating Risk Score Model with Partial Credibility
    regression model was the nor- malized cost of each individual. The outcomes for very high cost individuals ... regression model. For example, one very high-cost individual flagged for a certain condition could singlehandedly ...

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    • Authors: Sheamus Parkes, Bradley Armstrong
    • Date: Jul 2015
    • Competency: Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Predictive Analytics and Futurism Newsletter
    • Topics: Health & Disability>Health care; Health & Disability>Health insurance; Modeling & Statistical Methods>Bayesian methods; Modeling & Statistical Methods>Data mining; Modeling & Statistical Methods>Estimation methods; Modeling & Statistical Methods>Regression analysis; Predictive Analytics
  • Case 3: Improving LTC Projections with Predictive Analytics
    (HC), and assisted living facility (ALF). Each table varied by gender as well as by lifetime and non-lifetime ... 54.3 MAE 6.5 5.5 5.2 The key takeaway from this table is that the GBM assump- tion produced similar results ...

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    • Authors: Missy Gordon, Joseph Long
    • Date: Aug 2018
    • Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Long-Term Care News
    • Topics: Experience Studies & Data>Long-term care - Experience Studies & Data; Long-term Care>Long-term care insurance; Modeling & Statistical Methods>Regression analysis; Predictive Analytics
  • Proactively Managing Life Insurance Risks
    developmental feedback can help systematically improve individual performance by recognizing past behaviors and ... analytics tells an insurer that the health of an individual is deteriorating or the mortality is higher ...

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    • Authors: Feng Sun, Amy Tran
    • Date: Aug 2018
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Strategic Insight and Integration>Effective decision-making; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Risk Management
    • Topics: Enterprise Risk Management; Experience Studies & Data>Mortality; Life Insurance>Product development - Life Insurance; Predictive Analytics
  • Accelerated Underwriting: A Transformational Trend
    Accelerated Underwriting: A Transformational Trend Defines Accelerated Underwriting programs as ... or cred- it-based risk scores attributable to individual applicants has more value than data that only ...

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    • Authors: Richard Pretty
    • Date: Jun 2017
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Leadership>Thought leadership; Results-Oriented Solutions>Actionable recommendations; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Product Matters!
    • Topics: Life Insurance>Underwriting - Life Insurance; Predictive Analytics
  • Modelling Process
    Modelling Process An introduction of predictive modeling techniques that are applicable ... stakeholders, such as pricing, product development and valuation. At the end, the lapse rate model will be in ...

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    • Authors: Qichun Xu
    • Date: Dec 2013
    • Competency: Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition
    • Publication Name: Predictive Analytics and Futurism Newsletter
    • Topics: Modeling & Statistical Methods>Data mining; Modeling & Statistical Methods>Regression analysis; Predictive Analytics
  • Creating a Useful Training Dataset for Predictive Modeling
    Creating a Useful Training Dataset for Predictive Modeling Even the best algorithms are only ... are constructing a predictive model to predict individual and population-level costs for a managed Medicaid ...

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    • Authors: Anders Larson
    • Date: Dec 2016
    • Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Predictive Analytics and Futurism Newsletter
    • Topics: Modeling & Statistical Methods>Forecasting; Predictive Analytics; Technology & Applications>Analytics and informatics