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The Use of Predictive Analytics in the Canadian Life Insurance Industry

May 2019

The Canadian Institute of Actuaries and Society of Actuaries Committee on Life Insurance Research, the Product Development Section and the Financial Reporting Section, sponsored this study investigating how the Canadian life insurance industry is utilizing predictive modelling. Authored by Jean-Yves Rioux, Arthur Da Silva, Harrison Jones and Hadi Saleh of Deloitte, the report provides insights into applications used in the Canadian life insurance industry compared to those of other industries and touches on trends that are likely to impact how companies do analytics.

Report

The Use of Predictive Analytics in the Canadian Life Insurance Industry

Thank You

The Sponsors would like to thank the companies participating in the study and the following individuals who served on the Project Oversight Group:

Graham Kent

Barry Senesky

Kailan Shang

Carole Vincent

Julia Viinikka

Ben Marshall, Staff Fellow, Canadian Membership

Ronora Stryker (Chair), Senior Practice Research Actuary

Jan Schuh, Sr. Research Administrator