Description: In the evolving realm of healthcare actuarial practice, value-based contracts are reshaping the landscape. This article explores the pivotal role of AI-enhanced Electronic Medical Records (EMRs) in empowering actuaries to navigate this dynamic sector. Despite challenges in data standardization, AI-enhanced EMRs offer a solution by extracting and standardizing diverse medical records. The article delineates how AI-EMR integration benefits actuaries and provider organizations, enabling more accurate forecasting, earlier shared savings prepayments, and real-time quality metric aggregation. Moreover, it discusses how this fusion addresses historical data limitations, can help project catastrophic claims, and can help identify risk score capture opportunities. Ultimately, it indicates the transformative potential of AI-EMR synergy, positioning actuaries at the forefront of healthcare analytics with unprecedented precision and insight.

Description: As the insurance industry continues to evolve due to a pandemic and rapidly changing economic and regulatory conditions, the role of data scientists and actuaries has become increasingly important. In an interview with the Atidot data science and actuarial team, we discuss what it is like to work at an InsurTech, how data scientists and actuaries can collaborate, and look at some concrete technical examples of where the innovation is having an impact. This article explores what collaboration can look like and how the role of data science and actuary may evolve in the InsurTech industry in the future.

Description: Dovel Technologies started as a two-person company, and by the time we sold to Private Equity in late 2019, Dovel had more than 1,200 people on its payroll. In this article, the authors (and cofounders of Dovel) describe two concepts that helped Dovel grow that actuaries can apply to help grow their firms.

Description: Many start-up companies have certain elements in common: Most are still developing a profitable, working business model, there is little to no hierarchy or management structure, and everyone is in it together. A typical challenge is an ability to retain and/or attract strong leaders due to lack of resources needed to compete in the higher compensated talent markets. This article introduces The Equity Bonus Plan, which can help entrepreneurs attract and retain talent.

Description: Why is adventure travel important to entrepreneurial actuaries? This article will address the question, and perhaps it will incentivize some of you, setting you on a journey of adventure travel. We certainly hope it will as we know the rewards.

Description: Can quiet actuaries inspire others and get things done just as well as their louder, more social colleagues? This isn’t just a question that plagues quiet actuaries, of course. For the over half of us that identify as quiet people and wish to lead, it’s easy to second guess and doubt ourselves. This doubt sometimes holds us back from reaching for that promotion, or starting that new organization. Some quiet actuaries may try to adapt extravert behaviors, however those efforts can be draining and short-lived. This article shows how quiet actuaries can authentically lead and leverage their strengths.