Data Analytics

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.

Permission to fail is key to success - an interview with Hollard CEO Richard Enthoven

[VIDEO]: An aggressive risk appetite and “allowing people to fail” has been key to CEO Richard Enthoven’s success. Here, he reflects on Hollard’s appetite for innovation and why actuaries will 'have a field day' in the next ‘blockbuster’ moment coming for the insurance industry.

Eurovision, a major actuarial exercise?

CBA actuary, Arun Isaac, delves into the statistics and voting system of Eurovision 2016 highlighting some surprising patterns and trends along the way.

The Future of Financial Services – FSF 2016 Wrap Up

FSF2016 examined how disruptors will impact the financial services industry. It asked, how can actuaries reimagine their career in the future world? Where are the opportunities?

Big Data: Big Opportunity or Big Risk for Actuaries?

The Institute and Faculty of Actuaries (UK) 2nd Asian Conference was well attended by actuaries from the region, including a number of Australians. Senior Vice President of the Actuaries Institute, Jenny Lyon, was there to hear expert insight into Data Analytics and the profession.

Predicting mortality around Australia - Actuaries take home Kaggle Cup

Oliver Chambers and Andrew Bird made the winning submission for the Actuaries Institute's inaugural Kaggle competition in 2015. Here, they explain how they explored different features in the data to predict mortality at locations around Australia.

The 'IT' thing - forging a data-focused career

[VIDEO]: Actuaries have strong grounding for a career in data analytics but a greater understanding of IT systems and programming languages is needed for success in the field. Jas Singh reports on the Actuaries Institute's inaugural Data Analytics Seminar.

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