Description: Neural Networks are no longer limited to classification and regression solutions to numeric problems. CNNs add the ability to classify images, and GANs can create new images. Learn how these capabilities can provide competitive advantages to early adopters, how they work, and how to implement them.

Description: What is the future of the Actuarial Profession and the Insurance Industry? Is it possible that the Actuarial Profession will become more empowered by adopting emerging technologies?

Description: Behavioral economics is the alternative to the traditional ways (surveys and focus groups) we've been using to try to understand the drivers of customer behavior in the insurance industry. It merges psychology with traditional economic theory, offering insights into individual decision making behavior that go beyond the purely rational model. Within the sphere of health insurance, there are countless behaviors, not just of customers, but of underwriters, medical professionals and claims specialists which may be better explained by behavioral economics. Applying concepts from behavioral economics in live trials it is possible to bring about benefits such as increasing sales and retention rates, improving claims processing and encouraging more accurate disclosure. Swiss Re's global research team partners with its reinsurance clients to incorporate behavioral economics concepts into their letters, websites, forms and scripts by running A/B tests to understand what is driving customer behavior. The team currently has over 100 tests in progress with more than 40 clients, including many in the United States. The partnerships are producing clear business benefits, increasing sales, renewals, health disclosure and turnaround speed for claims payments. These changes are driven by small, inexpensive changes in communications with customers, and we'd like to share some of our insights with you. We've increased upsell rates, disclosure and email open rates, and reduced lapses, turnaround times and appointment no-show rates, to name just a few examples. Behavioral economics is the topic on everyone's lips with insurers and reinsurers all beginning to talk about it in earnest. Our team has been working hard for nearly 4 years and in that time instead of talking, we've been doing, and now we can share with you what a difference behavioral economics can actually make for insurance.

Description: Panelist discuss issues relating to new medical technologies and how these are going to affect the practice of medicine, the delivery of care, the costs of care, the insuring of care, claims handling, utilization, and cost management. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: Panelists discuss pricing issues, patent issues, safeguards, successes, failures, and other observations about the future of automated underwriting. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 134PD of the Boston Annual Meeting.

Description: This session 84I of the 2001 SAO Annual Meeting in New Orleans is about how many insurers are migrating toward Web-based interactive underwriting systems in order to economize and streamline the underwriting process. This requires some radically different techniques well beyond the time-honored traditional approaches. From the Record of the Society of Actuaries, Vol 27, No. 3