Description: Validating innovative ideas by prototyping and testing. This is wrap-up to the Process of Innovation series.

Description: In "Are You Leading Your Actuarial Organization with the Right Mind?" by Tim Hebert, the author explores leading with emotional intelligence amid challenges. Distinguishing between reactive and thoughtful responses, the article underscores the importance of intentional leadership and urges actuarial leaders to develop mindfulness skills. The "right mind" is introduced as a state of emotional intelligence, advocating for leaders to choose thoughtful responses over impulsive reactions. The article delves into the dual nature of the human mind, highlighting the cluttered and reactive "thinking mind" and the neutral "observing mind" that provides a broader perspective. Actuarial leaders are encouraged to leverage their observing minds for intentional and thoughtful decision-making. Emphasizing the balance between leadership and management, the article urges leaders to increase their consciousness levels for objective responses in times of change. Overall, Tim Hebert promotes the mastery of the mind as essential for effective leadership in the actuarial realm, inviting readers to cultivate intentional and mindful approaches even during crises.

Description: Effective strategic planning can have a profound effect on the development of your team and the growth and direction of your actuarial organization. This article shares the elements that will set you up for success before the meeting even begins.

Description: Dovel Technologies started as a two-person company, and by the time we sold to Private Equity in late 2019, Dovel had more than 1,200 people on its payroll. In this article, the authors (and cofounders of Dovel) describe two concepts that helped Dovel grow that actuaries can apply to help grow their firms.

Description: As the insurance industry continues to evolve due to a pandemic and rapidly changing economic and regulatory conditions, the role of data scientists and actuaries has become increasingly important. In an interview with the Atidot data science and actuarial team, we discuss what it is like to work at an InsurTech, how data scientists and actuaries can collaborate, and look at some concrete technical examples of where the innovation is having an impact. This article explores what collaboration can look like and how the role of data science and actuary may evolve in the InsurTech industry in the future.

Description: This summary of presentation given at the 2019 Annual Meeting covers a personal perspective on factor behind innovation in insurance. Four key themes are discussed: 1. Customer focus 2. Value of partnerships 3. Experimentation 4. Obstacles to innovation

Description: Read the June 2020 issue of Innovators & Entrepreneurs published by Entrepreneurial and Innovation Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: A first hand account of what it's like to be an entrepreneur.

Description: The momentum in value-based care has produced an opportunity for actuaries to become pioneers in health care

Description: Actuarial work in the life and health insurance industry is highly data-driven and complex. Actuaries perform a wide range of tasks such as experience studies, valuation, reserving, pricing, and risk modeling, all of which require vast amounts of data and sophisticated analytics. Traditionally, many of these tasks have been carried out using Excel and other legacy tools, but as data volumes grow and the need for more accurate predictions intensifies, actuaries are turning to more robust platforms. Cloud Data & Artificial Intelligence (AI) Platforms, such as t Databricks offer a unified platform that integrates data management, analytics, and machine learning, making it a powerful tool for actuaries. In this article, we’ll explore how Cloud Data & AI platforms can be used as an actuarial workbench, enabling actuaries in the life and health sector to streamline critical tasks like experience studies, valuation, and reserving.