Report

Report

UNSW Data Analytics Sandbox empowers young actuaries to help solve industry problems

How can we predict building claims costs in Small Medium Enterprises (SME) across Australia using advanced statistical machine learning techniques? Or group and price hundreds of different industries based on data and business knowledge? How should we deal with sparse data spread across hundreds of categories? Commercial insurers are searching for solutions to these ongoing industry challenges, as well as young talents to contribute to their solutions. Dr Fei Huang describes the UNSW Business School’s Sandbox Project, which aims to do just that.

Highlights

A view of the future

In our previous article in this series, "Know thyself", we looked at member responses to HorizonScan35 research focused on the actuary brand and career support from the Actuaries Institute. Here, we look at how members perceive the future of the profession – and a holistic view of what our member research has to tell us.