Data Analytics

YAP Workshop - Climate Data and Insurance

Participants of a recent YAP Climate Workshop were asked to cast their minds forward to 2025 in a fictitious scenario where the small town of Derby, WA – now 'New Derby' – is a similar size to Darwin with a population of 100,000.

2018 Actuarial Hackathon - Update

The Actuarial Hackathon Committee is excited to provide a much anticipated update on its very first actuarial hackathon event, sponsored by Finity Consulting.

Letting Insurance Asset Data Speak for Itself

In late 2016, the Society of Actuaries (SOA) commissioned a paper on asset allocation trends of Asian life companies. Two FIAA’s who co-wrote the paper “Letting Insurance Asset Data Speak for Itself”[1] highlight its key findings here. 

New FSF format includes international guest speakers

The 2018 Financial Services Forum’s innovative format includes a focus on ‘big-picture’ plenary and keynote speakers.

Books that made me - Normal deviance

Regular columnist Hugh Miller reflects on the books that he’s found most useful in his career so far.

Using analytics to improve marketing - ADMA Data Day

Aaron Cutter and Luke Cassar share their impressions of the 2018 ADMA Data Day, including how marketing is getting more personal due to smarter analytics.

Can “traditional” actuarial methods be sexy?

Amongst much talk about data science and new analytics techniques, Ashish Ahluwalia challenges the profession to be bold in sticking to their roots and take their toolkit of ‘traditional’ actuarial methods into a broader industries outside of insurance.  

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2018 Agenda – Key themes for financial services players

Chief Editor Angat Sandhu's first Editorial focuses on key themes at play in our industry, from regulatory paradigm shift, to heightened customer expectations, and finding efficiency though technology and data analytics.

The Critical Line – Volume 19

Oliver Chambers puts forward a puzzle that lies at the intersection of statistics and espionage.

Pricing tree structures with shifting parameters

Greg Taylor from UNSW Business School gives a brief summary of his paper on pricing tree structures with shifting parameters, discussing motivation, hierarchical models, the Kalman filter and a numerical example.

Gender pay gap for actuaries: an update

Jennifer Lang looks at the latest stats on average pay for actuarial men and women and finds that, if female actuaries are discriminated against (which there's no proof of), it's not as bad as it is for accountants!

How artificial intelligence is changing retail value perception

Actuary with Woolworths Group, Jo Chidwala outlines the most popular types of AI, what they can do for retail and why those who invest in cognitive insights will reap long term rewards.

Becoming an Analytics-Based Insurer: A Road Map – Part 1

Stephen Lowe, former managing director at Willis Towers Watson and past President of the Casualty Actuarial Society, shares his views on the benefits of combining actuarial knowledge and data science. This is part one of a two-part series, focusing on the requisite skills and technological advances driving current data science innovations.

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A not-so-actuarial look at the marriage equality ballot

David Kwak from Actuarial Edge looks at the demographic data of the marriage equality ballot to find some interesting facts on participation rates, proportion of yes votes and differences in votes across states and territories. 

Automatic machine learning - Zeming's data analytics ‘meetup’ files

It's the year 2025. As an actuary for a major software vendor, you've just been asked by your boss to figure out why the algorithm liability claims are deteriorating.

Data Analytics powers NRL plays, health reform and research - 2017 Data Analytics Seminar report

From determining game-changing NRL plays, to detecting fraud in Australia's $1 billion health care system, data analytics is a powerful force. At the recent Actuaries Institute Data Analytics Seminar, attendees were challenged to think “beyond the data science bubble” and find ways to harness their existing skills in the exciting world of analytics. Michael Storozhev reports.

Introducing meetups - Zeming's data analytics ‘meetup’ files -

Six months ago, Zeming Yu stumbled upon data analytics ‘meetups’ and he’s never looked back. Here, he outlines the wealth of learning (and pizza) he’s gained since making the discovery.

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Normal Deviance - A Tale of two CT(O)s

A big data parable, wherein Alice learns steady steps and Bob aims big.

Bringing Analytics to Life

Basem Morris reports on the intersection of predictive analytics and behavioural science to reveal some fascinating insights.

Stats, nothing but stats

Jennifer Lang, author of the blog Actuarial Eye, writes about her recent experiments with the 'Census table builder' - a data tool that includes a map visualisation function. 

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