Description: A summary of potential future software-induced changes to the insurance industry, with a particular emphasis on machine vision technologies.

Description: David Januszewski looks at the the development of open source software in statistics. By comparing the virtues between SAS, the proprietary software and R, the open source software used by statisticians, he thinks that open source software "can and does coexist with the proprietary software" and "both have a purpose. "He further looks at the availability of the open source software in the actuarial profession and does not see "open source software sweeping across actuarial science like it has with other fields". Dave explains the possible uses and virtues of the open source software to actuaries and asserts that it may be beneficial that the open source is used together with the propriety software.

Description: Issue 38 of Actuary of the Future newsletter, November 2015

Description: As M2M are exponentially increasing, we will soon see reinventing of whole business models and customer relationships.

Description: Big data and machine learning have been making headlines across industries everywhere, how will it impact the world of actuarial science?

Description: Evan Borisenko looks at previous challenging environments for the life insurance industry, such as the a period of severe stagnation in the 1930s, the increased inflation in the 1980s and a catastrophe like the Spanish influenza after the World War I. Evan explains that "while each event described above challenged the life insurance industry in a unique way, each event stimulated an equally unique solution." The article concludes that we "fight to repeat history" in a way that we as actuaries should be able to propose unique solutions with when faced with crisis in the future.

Description: This article defines microinsurance, describes its recent emergence and explains the main challenges faced by commercial insurers in serving the low-income market.

Description: The future holds many changes. We've already dealt with major changes over the last few decades. This article goes through tips to embrace change effectively.

Description: An in-depth look at how actuarial skills and competencies picked up in the field can be applied to topics that aren't traditionally actuarial - with this article focusing on card counting in the casino game blackjack.

Description: Brains are lazy to conserve energy. This inclination must be overcome to achieve greater creativity and innovation.