Description: As any international traveler who has tried to plug in an electronic device knows, the human race is great at devising many different ways to accomplish the same task. Predictive modeling is no different. Data scientists can choose from a wide variety of languages to prepare data, fit models, and verify results. The Rosetta Stone, which showed writing composed in three languages side by side, was instrumental in translating unfamiliar Egyptian hieroglyphics into the more common Greek language. This presentation follows a similar approach by showing the same predictive model implemented in the following languages: R, Python, Spark, MatLab, and SAS. Participants will compare and contrast each of these languages and, by doing so, build a greater understanding of those languages less familiar to them.

Description: Predictive modeling is a powerful toolset for assumption setting (mortality, lapse, etc.). The multivariate approach has its advantages in handling high-dimensional data, address correlations, and statistical significance. However, building insurance assumptions is far more than a simple modeling practice. One must take care to address how the model is applied and its business implications. This session will share the learnings from multiple projects.