Description: Actuarial Process Optimization (APO) is a technology-focused methodology for bringing together actuarial and technology teams to critically examine and optimize actuarial processes, specifically targeting processes that are most time consuming and have the highest risk of failure. From claims analytics to valuation and experience analysis, modern technology can help actuaries optimize their time and focus their attention on higher value tasks. In this session, we will explore opportunities for APO in the Health insurance industry and demonstrate how technology can be used to improve the actuarial process using an agile and targeted approach.

Description: A description of Data Science best practice tools and how they can apply to general actuarial work.

Description: This article summarizes the new research paper of "InsurTech: A Guide for the Actuarial Community" by Carrie Kelley and Kiki Wang. It serves as a quick read for our members to learn the latest development in the InsurTech space and explore the opportunities for actuarial practitioners

Description: InsurTech Q&A

Description: The advent of emerging technologies such as blockchain, decentralized AI, and advanced privacy preserving techniques have created the possibility that billions of individuals may be able to maintain sovereignty and control of their own data. As data becomes increasingly valuable as the means of production for a variety of digital goods and services, this self-sovereignty of data may create a new economic framework of individualized data monetization. This session will explore the key factors, technologies and mega-trends in health and medicine aligning to drive this new economy and explore what the future may look like from a data valuation perspective as the current $120 billion secondary market for health data expands to include consented health and health-relevant data from more individuals, to the benefit of all individuals and the healthcare system as a whole.

Description: New digital data known as alternative data is everywhere. Our industry has seen the financial, and hi-tech industries leverage new digital data to expand their key offerings and core services. From the lens of the global life and health industry, new digital data is still searching to be further understood. Risk assessment is a current focus area for using alternative data. A key question is even though risk assessment has always been data-driven, can it now move to the next level with the arrival of this alternative data. Can we use alternative data to make the risk assessment process quicker, cheaper, or faster thereby driving more sales and better conversion rates. It is an exciting time! With the increased adoption of health and well-being apps, data such as physical activity, nutrition, sleep, and mental wellness is now readily available. Expanded data such as digital biomarkers, IoT data, electronic health records and many more can also be accessed. However, how to effectively implement alternative data remains a challenge across the industry. We firmly believe it is, and will continue to be, imperative to take a structured approach to alternative data through a set of key considerations and a framework of principles.

Description: The landscape of the reinsurance industry is evolving amid profound changes in the insurance sector. Innovation is vital for reinsurers as risks become more complex and insurers transition from a role of "protection" to "prevention." Successful reinsurers are responding to market dynamics, particularly through open innovation – collaboration with startups.

Description: 2022 Welcome and Strategic Themes for the Marketing and Distribution Section Council.

Description: Continuing our series related to the exposition of distribution terms that may be unclear or misunderstood, our focus in this article is on critical service and support components for sales and distribution, accompanied by a summary of the regulatory oversight of insurance sellers and distributors and a few common terms related to that oversight

Description: The life insurance industry has experienced dramatic changes since the onset of COVID-19 in March 2020. Growing competition, a rise in online shopping, and the impact of COVID-19 have all led to an increase in contactless and completely digitized life insurance options. At Policygenius, we wanted to dig deeper into these big industry changes and better understand how they affect life insurance buyers. What our 2022 life insurance trend report found was a changing industry, making tremendous strides, and creating even better pricing and policy options for customers.