Description: One of the first projects undertaken by Claim Analytics was to create a model to predict return to work for group insurance claimants with long term disabilities. This report, sponsored in part by the Society of Actuaries Health Section , is a case study on creating such a model.

Description: Summary of the health section council’s research project to assess the accuracy of commonly used IBNR estimation methods over a wide range of scenarios.

Description: Summary of methods and standards to use to achieve an efficient, maintainable model

Description: With many complex regulatory changes on the horizon as well as pressures to ensure model accuracy from auditors, regulatory requirements and new actuarial standards of practice, the importance of robust model validation is coming to the forefront of actuaries’ minds. What was previously a day-two task for many companies is becoming just as important as model development! In this session, you will hear from those that have been deeply involved in building model validation frameworks and tools in responses to regulatory changes GAAP Long Duration Targeted Improvements (“LDTI”) and Principles Based Reserves (“PBR”).

Description: Spark offers a way to get some dramatic speed and scalability advantages over the Map-reduce methodology whenever you are doing iterative data processing and particularly when you want interactive data analysis capability. Find out why “lazy execution” can be a desirable characteristic when dealing with big data.

Description: This article walks through the process of building a cluster model using off-the-shelf software.

Description: A discussion of the limitations of the use of spreadsheets versus formal programs in actuarial processes. including limited documentation, inability to incorporate new features without significant coding and subtle bugs that may appear.

Description: This article describes how to model variable annuities using a GPU along with some of the stumbling blocks.

Description: At this session, experts will provide an overview of current statutory valuation issues pertaining to life and annuity products. The focus is on activities of the American Academy of Actuaries relative to principle-based approaches, but other matters will be covered, including the status of the NAIC valuation manual, life risk-based capital, developments at the NAIC affecting life insurance companies, and practice issues for appointed actuaries.

Description: Products that serve consumers are increasingly complex, creating a real need to help management understand risk exposure in real time. The root of the dilemma is that modeling the entire population, which is feasible with sophisticated computing technology, simply does not offer a practical response time. New modeling techniques such as replicated stratified sampling may help executives better understand risk.