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What Actuaries Can Learn from Data Scientists
this framework used successfully in a statutory valuation department—so this is definitely not for data ... (or can roll it back to any prior version). A valuation actuary may wonder if there were any accidental ...- Authors: Nicholas Hanewinckel
- Date: Aug 2021
- Competency: Relationship Management; Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: FinTech & InsurTech; Predictive Analytics>Programming languages & tools; Predictive Analytics>Quality control & model governance
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Adapting Credibility Blended Rates to Encompass Machine Learning Predictions
significantly impact our estimates. Table 1 illustrates the volatility: Table 1 Estimates Volatility There are ... and opinions expressed herein are those of the individual authors and are not necessarily those of the ...- Date: Apr 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Predictive Analytics>Modeling techniques
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Living with Actuarial Black Swans—A Discussion with Nassim Nicholas Taleb
Living with Actuarial Black Swans—A Discussion with Nassim Nicholas Taleb At the 2009 ... we actuaries do about these phenomena? Asset valuation;Enterprise risk management=ERM;Globalization;Predictive ...- Authors: Benjamin Steward Wadsley
- Date: Jul 2010
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods>Forecasting
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Surrogate Models: A Comfortable Middle Ground?
large errors are less favorable than small errors. Table 1 Difference Between MAE and RMSE Metrics GLM Versus ... and opinions expressed herein are those of the individual authors and are not necessarily those of the ...- Authors: Harrison Jones
- Date: Aug 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods>Regression analysis; Predictive Analytics>Modeling techniques
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Introduction to Forecasting Methods for Actuaries
actuarial work. RELEVANT FORECASTING METHODS Table 1 on page 7 and 8 provides an overview of forecast- ... the above. The table describes each method and its preferable applica- tion. The table also includes an ...- Authors: Alan Mills
- Date: Sep 2009
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods>Forecasting
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Predictive Analytics & Futurism, December 2018, Issue 19
Coordinators Dorothy Andrews, ASA, MAAA 2019 Valuation Actuary Symposium Coordinator Ricky Trachtman ... opinions expressed herein are those of the individual authors and are not neces- sarily those of the ...- Authors: Society of Actuaries
- Date: Dec 2018
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Predictive Analytics
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Modeling Extreme Events
insurance context, dollars above a high threshold per individual are pooled across a block, being too rare to ... model, which would give probabilities that an individual or group’s claims exceed the threshold conditional ...- Authors: Robert Jason Reed (Jason)
- Date: Jun 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Predictive Analytics>Modeling techniques
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Predictive Analytics, April 2019, Issue 20
Coordinators Dorothy Andrews, ASA, MAAA 2019 Valuation Actuary Symposium Coordinator Ricky Trachtman ... opinions expressed herein are those of the individual authors and are not neces- sarily those of the ...- Authors: Society of Actuaries
- Date: Jun 2019
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Predictive Analytics
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Best Methods and Practices in Judgmental Forecasting
gov/shuttle/ missions/51-l/docs/rogers-commission/table-of- contents.html). 7 Lawrence, Goodwin, O’Connor ... generally less accurate than structured, and the individual method is less accurate than group methods ...- Authors: Alan Mills
- Date: Jul 2010
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods>Forecasting
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Judgmental Forecasting in Determining Policyholder Behavior Assumptions
people, with unstructured discus- sion around a table.3 We brainstormed on what made the most sense for ... generally more accurate than one by an individual, even if the individual is an expert.6 (3) Providing checklists—Give ...- Authors: L Doug King
- Date: Jul 2011
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods>Forecasting