Description: Machine learning models are not black-boxes; these models can easily be interpreted using tools like SHAP, LIME and Anchor. These tools can facilitate the understanding of the model and the business problem. We can used these tools to build better models and communicate how predictions are generated. This article demonstrates their use in a mortality model.

Description: Big data, predictive analytics, machine learning and AI will likely transform the insurance market and the actuarial profession. The actuarial profession is seeing changes many markets, including health and property and casualty. This article describes these trends and provides an introduction into what companies and the Society of Actuaries (SOA) are doing to adapt and capitalize on these trends.