Turn Data into Insights with Predictive Analytics

The SOA is providing a two-year upskilling predictive analytics program to Lincoln Financial Group employees.

Nazir Valani is the definition of a go-getter. When an employer said he wasn’t right for the actuarial field, Nazir set out to prove him wrong. Years later, after launching his second successful business, Nazir is giving a new generation of actuaries the guidance he wishes he’d had.

Actuary Winnie Liu’s supervisor, Gavin Maistry, Regional Chief Actuary & CRO of Munich RE, gives the SOA’s Predictive Analytics Certificate Program high praise: “[Winnie] completed the program and has given the Munich RE APAC actuarial team a significant advantage for harnessing the full potential of our data.”

Improved patient outcomes, quality of care and lower costs: Together, they form the Triple Aim of health care, and predictive analytics is poised to help deliver them. Tune in to our webcast featuring four health care leaders sharing their insights.

For actuaries who want to expand their predictive modeling capabilities, derive and communicate relevant data, grow their programming vocabulary, and hone other skills that will bring valuable perspective to their team, the SOA’s Predictive Analytics Certificate Program can help. Sign up through December 19 to enroll.

Through data and machine learning, predictive analytics is providing critical information to help doctors make better treatment decisions.

Big data and predictive models have disrupted the life insurance new business and underwriting processes over the past few years. How did we get here? What does the future hold? This session will review the lessons learned from the evolutionary process and discuss what the potential next steps are in this journey. This session will address the question, "Are real-time fully underwritten decisions an achievable goal?"

Our survey results are in: 60% of health care executives are using predictive analytics within their organizations, and 20% of payers and providers plan to use it within the next year. Read more for their thoughts on how predictive analytics has affected their business.

Health organizations are shifting to value-based care, which invites more risk. Managing risk goes beyond analytics tools and AI, explains Yi-Ling Lin, principal at Terry Group. Actuaries who can interpret trends and spot disruptions have never been more important to health care’s future. Read more in Modern Healthcare.

Ehren Nagel completed the SOA’s Predictive Analytics Certificate Program while working as a pricing actuary. He says it was a time-commitment, but the new skills and career options he gained were worth it.

“There’s so much data, and predictive analytics can help us take advantage of everything that’s out there,” says Yi-Ling Lin, principal at The Terry Group. Yi-Ling explains how the SOA Predictive Analytics Certificate Program has helped her thrive in a data-centric health care industry.

Patrick Getzen’s tenure as Blue Cross NC’s chief actuary and analytics officer has been defined by change. He led his team through organizational restructures and technological disruption. How? Using change management strategies. Patrick explains how this technique has altered his approach to actuarial work.

Dorothy Andrews pursued a media psychology Ph.D. two years ago after realizing data could predict human behavior and assess risk. Now, she advises life insurance companies on how to customize policies with data from wearable tech. Dorothy explains why her path is a potential opening for more actuaries.