Description: The InsurTech market in China is divided into three categories, including online sales of traditional products through internet channels, product upgrades driven by technology, or the creation of more targeted products, and the innovation of eco-system-oriented products, or insurance service by data analysis. The market is expected to reach 1.4 trillion RMB in total.As the digital revolution goes deeper, new technologies have infiltrated into all business models in insurance companies and have promoted the generation and development of the InsurTech market. Digital technologies have been widely used by traditional insurance companies to optimize the procedures and products of the current value chain, bringing a virtuous cycle between InsurTech and the online eco-system. As a result, these traditional insurance companies can expand their business from insurance only to personal finance and other extended services, building a comprehensive solution for the eco-system. Technology is the cornerstone for the business development and innovation of insurance.

Description: The aim of this research is to survey emerging data analytics techniques and discuss their evolution and growing use in the actuarial profession. Data analytics’ applications in life and non-life insurance will also be provided.

Description: This article discusses why middle-market consumers don’t seek much-needed financial advice from professional financial advisors.

Description: Decision making is a life skill. You make decisions every day. Are you making good decisions? Do you know how to evaluate whether or not a decision was a good one? This article discusses some decision making methods.

Description: Article about workplace etiquette and the behaviors that irritate or impress co-workers or superiors.

Description: Winning essays form the Actuarial Practice Innovation Call for Essays.

Description: Winning essays form the Actuarial Practice Innovation Call for Essays.

Description: The COVID-19 pandemic infection has greatly affected the economy, resulting in volatile market conditions. Because market conditions greatly impact the value of insurance company’s assets and liabilities, the fourth survey in this series focused on best practices around asset and liability management (ALM). The survey was directed at actuaries, investment managers and risk managers directly involved in assessing the impact of recent events on ALM. Responses to the survey were collected between April 22-28, 2020. Thirty-two companies responded to the survey.

Description: ALM #2 Survey Questions

Description: The author identifies various career limiting moves, such as arrogance or insensitivity, that we may not even be aware we are doing. He encourages identifying these bad habits and correcting them.