By Chris Greig and Carlos Fuentes
November is the last quarter for our newsletter. We hope you have enjoyed the following articles:
- Nudge for Good: Lessons From Nobel Prize Laureate Richard Thaler
- Human Nature and the U.S. Health Care System, Part III
- Insurtech and Innovation: A Conversation With Erik Wenzel, FSA
- Quantifying the Unquantifiable: A Product Developer’s Dream
- How Python (and Networking) Saved my Company
- Human Nature and the U.S. Health Care System, Part IV
- Examples of Visualizing and Using Data in Innovative Ways
- The Future of Canadian Group Benefits
- A Change Will Do You Good
- Timeless Thinking—The Art of War, by Sun Tzu
- Is There a Digital Blue Ocean?
- Why Actuaries Should Start Paying Attention to Python
- Innovation Insights
- Interview on Diversity and Inclusion With Meredith Reitman
- Artificial Intelligence for Actuaries
- Don’t Overlook Your Employee Communication Plan
In November we offer the following:
- “Time to Review Your LinkedIn Strategy” by Allison Lu
LinkedIn has become ubiquitous in the professional scene. It is no longer confined to job searches. Instead, it has become a networking platform, a tool to increase traffic to your website and a venue to position yourself as an authority in your field. In this article you will learn four steps to enhance your LinkedIn presence.
- “Engaging Mortality” by Eric Sondergeld
How does mortality variance behave at time of underwriting vis-à-vis in future years? Is the mortality variance of accelerated underwriting the same as the mortality variance of full underwriting? What about continuous underwriting? Sure, it would reduce mortality variance, but how would it affect product design? Do we know how customers would react? Read this article to explore these and other issues.
- “Machine Learning” by Bill Rearden
Machine learning (ML) sounds like a complex process, but in this article we find out that the fundamental ideas are easy to understand. The devil is in the details. While ML is here to stay and will fundamentally shape our profession, professional judgement, at least in the foreseeable future, will become more important because sometimes machine learning does not pass the common sense test.
- “System Dynamics” by Carlos Fuentes
Do you know that the divorce rate in Maine is correlated (as a matter of fact, strongly correlated) with per capita consumption of margarine? This is a remarkable finding because it tells us that to reduce the divorce rate in Maine we need to reduce the consumption of margarine. Don’t laugh. A frequent assumption in model building—not in textbooks or in classes, in the real world—is probabilistic independence. Are we statistically trapped? Not with system dynamics or similar modeling techniques.
We will continue presenting relevant articles to innovators and entrepreneurs. 2019 can be even better if you contribute your knowledge and expertise with fellow actuaries. We hope you do.
Chris Greig, ASA, CERA, ACIA, is an assistant director at Moody’s Analytics. He can be reached at firstname.lastname@example.org.
Carlos Fuentes, FSA, MAAA, is president at Axiom Actuarial Consulting. He can be reached at email@example.com.