Description: This article gives a brief overview of ways to extend clustering analysis beyond basic methods such a k-means

Description: Read the August 2020 issue of Predictive Analytics and Futurism published by the Predictive Analytics and Futurism Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Read the November 2020 issue of Predictive Analytics and Futurism published by the Predictive Analytics and Futurism Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: The predictive analytics application growth in the Asia-Pacific region has been gaining momentum.

Description: Interview with John Houston, Advanced Analytics and Predictive Modeling practice leader at Deloitte.

Description: This is a collection of essays on this topic published by the Society of Actuaries Research Institute in 2024 which discusses the risks emerging from artificial intelligence (AI) widespread use, including short-term risks like privacy erosion and economic disruption, as well as long-term risks like existential threats and biased decision-making.

Description: Pandemic modeling and its impact on the insurance and reinsurance business have been the subject of scrutiny during the COVID-19 pandemic. As the World Health Organization (WHO) has declared its end as a global health emergency, the focus of insurers and reinsurers turns to the possibility of future pandemics. Key to considering possible future pandemics is assessing what is needed to model pandemic risks. Our presentation will focus on providing you with the following: - The main principles around creating a well-established pandemic risk modeling framework, what they are and how you should build them into your model (As a reinsurer, this is core to our business, and we have unique global insights into performing it.) - A review of pandemic risk modeling strategies as well as an understanding of the inherent uncertainties of pandemic events - Lessons learned from COVID-19 and how we can apply them in assessing the possibility of future pandemics - An understanding of the link between future pandemic risk and the capital requirements

Description: There has been a shift in finance and actuarial modernization in the insurance industry over the past 2 to 3 years. Discuss the latest trends in the marketplace and the key changes we see actuaries and actuarial employers needing to make in the future of work. Learn how actuarial work is evolving and about the changing manner in which work is performed. Brainstorm specific ways actuaries can thrive in the future, including performing more strategic work.

Description: Highlight the importance of assigning granular policyholder behavior assumptions to cohorts of a block that behave differently for universal life products. The case study assumption testing will focus on potential cash flow impacts of surrender, lapse and premium persistency behavior— individually and combined. The case study will be based on testing data related to typical demographics for a ULSG product and not on any specific company data.

Description: The need for LTC services is projected to increase as the general population ages. Many LTC carriers have helped meet this demand but are looking for new ways to mitigate underpriced risks and to improve policyholders' quality of life. Aging-in-place interventions can be an effective method to mitigate financial risks and improve health outcomes. However, many carriers face challenges to prove financial benefits/ROI, quantify program effectiveness, or simply don't have clarity on how to start and implement these initiatives effectively or operationally.