Data Analytics

Financial Advice Innovation – Considerations for Australian players

Future financial advice models that marry the best of technology and human intervention require considered thought and a disciplined approach to development. Here, Angat Sandhu outlines the experience and varied success of robo-advice and face-to-face propositions, and presents some key considerations for players in the Australian market.

Young Actuaries Program (Melbourne) – Data Analytics

After-work on a cold Thursday evening in Melbourne, the Young Actuaries Program (“YAP”) membership gathered for the latest instalment of the ‘Evening Speaker Series’ – Data Analytics. James Morris reports. 

Under the Spotlight - Dr David Lau

Professor at Bond University's Actuarial Science program Dr David Lau, who has experience working for some of the world's leading insurance and regulatory businesses, goes Under the Spotlight to reveal his undying passion for mathematics and some quirky hobbies.

Will there still be actuaries in the year 2049?

You asked, and we listened! In this inaugural 'Ask an Actuary' column (since Bruce and Gae went underground) our anonymous actuary and resident mystery writer answers the burning question: will there still be actuaries in 2049?

Normal Deviance - Burying the GLM

My previous column praised the virtues of the generalised linear model. This month we dismember it and look to more modern approaches to fill the void.

Normal Deviance - In praise of the GLM

In this column, we celebrate the success of the generalised linear model and explore why they are so popular. In its companion column, we’ll look at the model’s limitations and ask whether there are better alternatives.

Ensuring the financial sustainability of the NDIS

Sarah Johnson, Scheme Actuary for the NDIS and the 2016 Actuary of the Year, explains what defines financial sustainability in the NDIS insurance model and the role of actuaries in maintaining it.

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InsurTech – what, where, why?

Angat Sandhu outlines the major sectors and geographies 'Insurtechs' are playing in, revealing their potential to impact insurance customer experience, distribution and data analytics, as well as partner with and disrupt the industry.

Normal Deviance – Getting started in analytics

Welcome to Actuaries Digital’s new (semi-regular) column about data analytics! Here, Hugh Miller, Senior Actuary at Taylor Fry, will explore common questions about analytics, and occasionally, answer them too.

Analysts at Atlassian and LinkedIn take out Actuaries Kaggle Competition

A trio of former work colleagues ‘the Nelson Boys’ won the 2016 Actuaries Kaggle Competition to predict the cost of motor vehicle accidents on Victorian roads.

Getting to know you – a paradigm shift in insurance

There is a paradigm shift occurring between insurers and insureds as ‘big data’ allows for policies tailored more to customer lifestyle and behaviour, an Actuaries Institute event has heard.

Practice Update videos now available

The Actuaries Institute has just released the first collection of Practice Update videos! See what each committee has been up to and also earn CPD points.

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Melbourne Cup 2016 - Your definitive actuarial guide

Graham Taylor, Analyst at Taylor Fry, presents his definitive guide to this year's race that stops the nation; with odds for 'safe sweet spots' and sweeter more risky bets, the pair outline the weighted average returns on a range of bets.

Data Analytics in action

The Actuaries Institute ran a series of interactive workshops to challenge programming and data analytics skills at its 2016 Data Analytics Seminar last week (Tuesday 13 September).

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Analytics-assisted triage of workers compensation claims

Director of Data Science Inna Kolyshkina and Scheme Actuary at ReturnToWorkSA Ivan Lebedev combine forces to explain a project undertaken to explore the usefulness of advanced data analytics capability for ReturnToWorkSA.

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Rio Olympics: the hidden statistics

With 1,417 days until the Tokyo 2020 Olympic Games, actuaries Amanda Aitken and David Kwak look at who topped the Rio Medal Tally and why. Did you know that if results are adjusted for population size, the Isle of Man, Grenada and the Bahamas top the table? And Australia beat out the UK and US! Read on for some fascinating insight into what drives country performance, based on actuarial analysis.

AI needs actuarial intelligence

Actuarial skills in experimental design could shape the way artificial intelligence (AI) works and drives business innovation, a Seminar in Sydney has heard.

Do Actuaries have the skills to be Chief Analytics Officers?

Actuaries have the mathematical, statistical and programming skills to take a company’s data to the next level. But how do their skills align to current Chief Analytics Officer (CAO) roles, and what courses are on the market to help actuaries them bridge the gap? Bill Konstantinidis investigates.

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Citius, Altius, Fortius: How can actuaries reinvent themselves?

With the Rio Olympics around the corner, the Olympic motto “Citius, Altius, Fortius” (Faster, Higher, Stronger) offers a topical yet trenchant inspiration as to how actuaries should be critically examining their roles, careers, and potential. Marc Mer, Magnolia Aspiras, and Kaise Stephan consider this, especially in light of the APRA consultation paper on the role of Appointed Actuaries.

DAT203x: Data Science and Machine Learning

How long has the concept of Data Science been around and what are the best tools available for mining 'big data'? A new MOOC coordinated by the Actuaries Institute's Data Analytics Working Group presented the latest knowledge in this exciting field. Course participant Kriti Khullar AIAA, reports.

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