Description: Stochastic modeling requirements are resulting in more 'run time' and less 'analysis time'. An expensive solution is leveraging cloud infrastructures and robust computing grids. The presenters will explore the use of cluster modeling and present case studies showcasing this automatable and robust technique, which could allow actuaries to recover the time lost to 'run time'. Developing automatable and clustered models requires robust governance practices to ensure credibility of results.

Description: This article explains the importance of centralizing modeling departments. It goes further and explains the importance of making all aspects of modeling reusable. It explains the consequences of decentralization.

Description: Read about The Bulletin Board Updates on important events related to the Technology Section.

Description: Discuss various analytics and use cases using payer published reimbursement contract data under federal mandate of Transparency in Coverage. These contract rates are publicly available in machine readable format (MRF) starting July 1, 2022, and refreshed monthly. By attending the session, you will have a better understanding of the state-of-art development and analytics using MRF data, including the technologies used to extract and analyze huge MRF files, validation and limitations of published rates, and their use cases.

Description: We all know how important data is, right? But the most challenging question we face is how we transform raw data into meaningful insights to help make better business decisions. How should we communicate this vast amount of data into digestible pieces that enable end users to perform on-demand analytics and become self-sufficient? This is where data visualization tools stand out. The field of data visualization combines both art and [data] science. While data visualizations can be creative and pleasing to the eyes, they can also be highly functional in uncovering a point of view or unlocking insights unseen before. Dive into Power BI, Streamlit, and Tableau, and work through an actual business use case utilizing these tools. Find out more about data gathering and connections, processing, and analysis leading up to an interactive dashboard. At the end of the session, you will be able to: - Understand general data issues and how to clean and transform raw data for visualizations. - Differentiate between many visualization tools, and analyze pros and cons to determine the right toolkit for the use-case on hand - Learn practical tips on how to use visualization tools to build meaningful visualizations and dashboards. - Interpret results and patterns from the visualizations and make impactful business decisions.

Description: Call for reviews and articles on software programs.

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: Call for reviews and articles on software programs.

Description: Sponsored by the Society of Actuaries Research Expanding Boundaries Pool, this report examines an encompassing method to allocating economic capital in insurance conglomerates. Authored by Edward Furman, Yisub Kye, and Jianxi Su, the plan put forth unifies the centralized top-down and the detail-oriented bottom-up approaches

Description: 2021 ImpACT Conference - Session 10E: Azure Synapse for Actuaries | Solvency II Use Case 10.28.21 Recording