Description: Although rate structures where low-cost cohorts subsidize high cost cohorts may be justified from a actuarial, marketing, or legal standpoint, the subsidization creates risks which must be understood and monitored. This article presents the concept of subsidization signature to measure and interpret the effects of rate subsidization, and to assess the sustainability of rating structures and the sensitivity of business mix assumptions.

Description: The guest editorial details some valuable lessons during the author’s career as an employee benefits (mostly retirement) consultant, turned P&C predictive modeling, reporting and data warehousing lead, turned an analytic strategist and independent consultant.

Description: In order to better develop skill in predictive analytics, the author suggests looking to professionals who design innovative predictive models and, more importantly, find effective ways to communicate their findings to a large audience.

Description: Applying the new GDPR terms to Actuarial work, to secure private data in portfolios while using those for pricing and reserving modelling in all business lines.

Description: The author recounts his experience as a keynote speaker at the Actuarial Research Conference and provides advice to young actuaries to present complex subjects in an understandable manner.

Description: The following case study walks through the steps of a predictive modeling exercise to illustrate one way analytics can streamline the underwriting paradigm.

Description: Interview with Ian Duncan about his actuarial background and role in predictive analytics.

Description: The editorial explores opportunities for the actuarial profession that can be achieved through innovation.

Description: Actuaries can serve an important role by exploring modeling and data analysis techniques to discover predictive patterns and relationships.

Description: Actuaries have the opportunity to transform to a new role that utilizes predictive analytics and new data sources such as epigenetics, to better humankind.