Description: Predictive modeling continues to gain traction in the life insurance industry with the rapid growth of available data and maturity of open source tools. New methods and technology in predictive analytics have enabled the evaluation of extremely large data more quickly and allow us to incorporate features previously not considered. The presenters will provide background on predictive modeling tools and algorithms utilized by actuaries and data scientists for life insurance, highlighting applications from marketing to underwriting.

Description: Read the October 2020 issue of Actuarial Technology Today published by the Technology Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.