2025 SOA ImpACT Conference: Session 1K: Innovative Solutions to Common Insurance Problems: Inspiration from Other Disciplines-11.03.25 Recording

As the industry advances, the list of questions and problems grows. In this session we will explore a range of solutions to insurance problems that have traditionally been considered unsolved by actuarial methods. Drawing on insights from various disciplines, such as psychology, marketing, and engineering, we will highlight how these fields can offer fresh perspectives and may have solutions for common insurance questions. The focus will be on methodologies such as restriction of range, cost sensitivity analysis, optimization, bootstrapping, and different modelling techniques.