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The Future of Actuarial Models
The Future of Actuarial Models A look at the near future and far future of various elements of Actuarial ... Models as defined through ASOP 51. What is driving the complexity for inputs, calculations, and outputs ...- Authors: Nathan Worrell
- Date: Jul 2022
- Competency: External Forces & Industry Knowledge; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Actuary of the Future
- Topics: Technology & Applications>Analytics and informatics; Technology & Applications>Software; Predictive Analytics>Modeling techniques; Technology & Applications>Artificial intelligence & machine learning
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Actuarial Open Educational Resources
article advocates creation of open educational resources (OERs) that will benefit the actuarial profession ... retention of members. Specifically, we describe OER contributions made at the University of Wisconsin-Madison ...- Authors: Edward Frees, Paul Herbert Johnson, Marjorie Rosenberg
- Date: Nov 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Expanding Horizons
- Topics: Actuarial Profession; Actuarial Profession>Professional development; Predictive Analytics; Predictive Analytics>Modeling techniques
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Better Care Through Understanding the Customer Not Just the Patient
As actuaries in health care, we spend most of our time focused on reviewing claims, enrollment and clinical ... patients are in health care facilities. Yet most people spend only a small fraction of their time in these ...- Authors: James Dolstad, Craig Cartossa, Justin Hartmann
- Date: Dec 2021
- Competency: Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Health & Disability; Health & Disability>Health care; Health & Disability>Health care quality; Health & Disability>Health insurance; Health & Disability>Health risks; Health & Disability>Payment models; Predictive Analytics; Health & Disability>Provider networks; Health & Disability>Provider risk; Predictive Analytics>Modeling techniques
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Give Me Some Credibility: Addressing the Challenge of Volatility in Value-Based Contracts—Part 2
Addressing the Challenge of Volatility in Value-Based Contracts—Part 2 Discover the key components of value-based ... value-based care (VBC) contracts and their impact on provider credibility. Learn about benchmarks, measurement ...- Authors: Maria Knox, James Pisko, Keith Passwater
- Date: May 2023
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Health & Disability; Health & Disability>Health care; Health & Disability>Health care quality; Health & Disability>Health insurance; Predictive Analytics; Health & Disability>Provider networks; Health & Disability>Provider risk; Predictive Analytics>Modeling techniques
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When Affordability Savings Do Not Reduce Costs
When Affordability Savings Do Not Reduce Costs Regression to the mean is a phenomenon that arises when ... extreme or an outlier, future observations will be closer to the average. Health care actuaries need to understand ...- Authors: Tony Pistilli
- Date: Dec 2020
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Modeling & Statistical Methods>Forecasting; Modeling & Statistical Methods>Regression analysis; Predictive Analytics>Modeling techniques; Predictive Analytics>Quality control & model governance
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Gaining Trust in Predictive Models—an Actuarial Perspective
Actuarial Perspective This article provides an overview of activities that should be considered by an actuary ... provides an examination of various methodologies that can be implemented in the validation process. By ...- Authors: David Alison FSA (David)
- Date: Sep 2021
- Competency: Communication; External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Predictive Analytics>Modeling techniques; Predictive Analytics>Quality control & model governance; Technology & Applications>Artificial intelligence & machine learning
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Incorporating Random Effects to Reduce Variance in Risk Score Estimation
condition-based variables. By including the provider effect as part of the risk scoring model as a random effect ... effect, we can get better estimates of provider performance (incorporating practice patterns conditional ...- Authors: Robert Jason Reed (Jason)
- Date: Jul 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Modeling & Statistical Methods>Estimation methods; Modeling & Statistical Methods>Regression analysis; Predictive Analytics>Modeling techniques
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Adapting Credibility Blended Rates to Encompass Machine Learning Predictions
Machine Learning Predictions Actuarial concepts of credibility can be extended to encompass additional ... common information. For example, historical claim costs and risk scores both leverage diagnosis code information ...- Date: Apr 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Predictive Analytics>Modeling techniques
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What Machine Learning Can Do for You
learning is a big deal and even have a general idea of what it is, many do not know what machine learning ... algorithms, this article outlines the challenges that occur in statistics and the solutions that machine learning ...- Authors: David Romoff
- Date: Feb 2022
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Risks & Rewards
- Topics: Modeling & Statistical Methods; Modeling & Statistical Methods>Data mining; Modeling & Statistical Methods>Forecasting; Modeling & Statistical Methods>Regression analysis; Predictive Analytics; Predictive Analytics>Modeling techniques
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Session 058: Does It Really Work? - Validating Predictive Models
Session 058: Does It Really Work? - Validating Predictive Models You’ve built or updated a predictive ... will look at traditional and non-traditional ways of validating predictive models, with examples from ...- Date: Jul 2019
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Modeling & Statistical Methods>Sensitivity testing; Predictive Analytics>Modeling techniques