Description: This discussion is about the new ways of using computers in connection with various aspects of actuarial work. From Transaction of Society of Actuaries 1961 Vol 13 pt 2

Description: This is a summary of the biography of Charles Babbage, 1791-1871, much of whose life was devoted to inventing and constructing machines to free actuaries and other sufferers from the drudgery of repetitive arithmetic.

Description: Artificial Intelligence (AI) is expected to change the insurance industry more in the next 10 years than it has changed in the past 100 years. Rapid advancements in computing power and the exponential growth of Big Data are creating more opportunities to incorporate AI techniques and methodologies into actuarial work. This session is for the practicing actuary who would like to learn more about AI and how to use it to analyze insurance data. At the conclusion of the session, attendees will be able to understand the fundamentals of AI, to build an AI model and to identify AI opportunities in their work.

Description: Actuarial systems access and change controls are hot topics these days as modeling continues to increase in complexity and as new modeling regulations may begin to crest over the horizon. Many companies are currently in the process of either formalizing their actuarial system access and change control protocols, or are reevaluating and strengthening their existing control processes in response to identified deficiencies or in conjunction with new actuarial system implementations. With these undertakings in mind, this article discusses a number of valuable components commonly incorporated in formal systems access and change control protocols. Also discussed are leading practices identified in the SOA publication “Actuarial Modeling Controls: A Survey of Actuarial Modeling Controls in the Context of a Model-Based Valuation Framework (December 2012)”, and from the Institute and Faculty of Actuaries.

Description: Article from The Actuary, January 1971 – volume 5 - Issue 1 is a list of some of the sources of information that may be useful to an actuary who wishes to increase his or her knowledge of data processing.

Description: This chapter introduces a few probability distributions that play an important role in understanding and analyzing healthcare data. While theoretical in nature, these distributions model real life if appropriately chosen. Probability distributions are mathematical representations of how statistical data behave.

Description: Everyone loves efficiency. But what does it truly mean for something to be efficient? An actuary who has spent almost 20 years managing process improvements shares his experiences and the evolution of his views on efficiency. This parable highlights the broader aspects of efficiency that are often missed, and some of the challenges that can come from targeting a typical view of efficiency.

Description: InsurTech is commonly described as the providing insurance protection and services through new technology innovations, often with a goal of producing savings and efficiency from the traditional insurance industry model. InsurTech is a seen as a growing place where the actuarial profession provides expertise and services.

Description: A description of how IoT can benefit life insurance companies.

Description: Discusses the RAND function in Excel and alternatives for generating random numbers.