Description: This is the second article in a two-part series examining the potential value to companies of implementing a company profitability and risk dashboard.

Description: The article introduces the concept of overfitting in predictive modeling and illustrates how it hinders our ability to predict new data well.

Description: A discussion on machine learning and how it can be used for forecasting.

Description: This article discusses techniques used to create risk scores to help determine appropriate primary care panel sizes for a provider organization.

Description: In this article, we will overview some popular tree-based models and understand how such models may be applied to the insurance industry.

Description: In An Introduction to Incremental Learning, by Qiang Wu and I describe how machine learning is a natural enhancement to predictive analytics through its many useful tools to derive meaning from a lot of otherwise unusable data such as handwriting. Again, there are formulas involved; but we have tried to keep them understandable to the actuary who isn’t already familiar with stochastic gradient descent, perceptrons, and principal component analysis. Incremental learning can help you refine the estimations you derive from more traditional actuarial methods.

Description: To expand our understanding of the theory of behavioral economics and its application to life and health insurance policyholder and annuitant behavior, the Society of Actuaries' Committee on Knowledge Extension Research, Committee on Life Insurance Research and the Financial Reporting Section issued a call for papers, inviting actuaries, academics, economists, psychologists, sociologists, researchers and other professionals to explore this topic from a variety of perspectives.

Description: In this article, we are going to discuss the AR model by making connections to time-dependent ordinary differential equations.

Description: Ways of closing the mortality protection gap, by leveraging some of the new technology, data and analytics to reduce the friction in the buying process.