2024 ValAct Meeting - Session 1B: Individual Life Experience and Analytics 8.26.24 Recording

Under PBR, the statistical agent collects life experience to assist in making assumptions. Actuaries need to keep apprised of industry experience when choosing assumptions. This session highlights the available industry experience, summarizes recent ILEC reports, and shares the timeline for future releases. This session also summarizes work to compare ranges of results for groups of companies and the application of predictive analytic techniques to understand experience. The presentation will cover conclusions, the mathematical techniques chosen (LightGBM), the rationale for that choice, and the technical tools used to collaborate among a dispersed team. (R, GitHub, CodeSpaces)