Winners are here! The Predictive Analytics and Futurism, Technology and the Joint Risk Management Section of the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS) and the Canadian Institute of Actuaries (CIA) are pleased to announce the winning papers for the 2018 Call for Essays. Participants were asked to discuss the risks and consequences arising from the use of predictive analytics.
This discussion will be of interest to any company implementing or contemplating predictive analytics algorithms. The model risks associated with these tools can apply the wrong model to your problem, incorrectly use a model, use inappropriate data, contain poor approximations and other threats. The contestants were challenged to devise approaches to thwart model risk and the best approaches will be discussed in this webinar.
Please join the contestants below in this highly relevant discussion. A listing of the winners and their winning entries is given below:
Gyasi Dapaa wrote the best paper, called “Ratemaking Reformed: The Future of Actuarial Indications in the Wake of Predictive Analytics.” However, the paper was not eligible to receive a prize as it didn’t meet the length requirement.
Kim Steiner and Boyang Meng won the $1,000 cash prize for the paper “Predictiveness vs Interpretability."
Margie Rosenberg won the $500 cash prize for the paper “Actuarial Fairness in the Era of Machine Learning.”