Description: The insurance industry has a lot to learn from academia's missteps. With predictive analytics assuming an ever-expanding role in risk modeling, carriers would be well-served to establish practices that mitigate the creation of faulty models. Hear practical advice on how to mitigate the risks of overfitting, with a focus on how to translate complex policyholder behavior experience data for long-term products into behavioral models using company- and industry-level data.

Description: In session 81PD of the Montreal Spring Meeting panelists discuss the results of the Life Insurance Marketing and Research Association LIMRA/SOA 1992-94 Annuity Persistency study. From the Record of the Society of Actuaries, Vol. 23, No. 2.