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: 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: 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: 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.