Description: Actuaries and their IT counterparts are required to collaborate more frequently and on more complex projects than ever before. The recent accounting changes (LDTI, IFRS 17, PBR), investor demands for increased transparency, and competitive pressures have led to many insurers undertaking large actuarial and financial transformations. As a result, senior management is challenging their actuarial and IT leaders to develop new processes that use data in new and improved ways. The actuarial and IT functions are being tasked with not only delivering on changes to systems, processes, and data, but also with rethinking how their teams collaborate and interact

Description: Principal component analysis is an unsupervised linear transformation mainly used for dimension reduction. Determine key numerical variables with maximum variances in a dataset, identify the correlation and removal of redundant variables are the key aspects of this exploratory data analysis.

Description: Feature article that supports the statement that actuaries who are competent coders will differentiate both themselves and the companies they work for. Coding ability will be useful no matter what tools are utilized every day and all of those tools and communities contribute to moving actuarial processes out of the “Spreadsheet Age.”