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Natural language processing in insurance
30 August 2019
Author: Dr Alexey Mashechkin
Natural Language Processing is a type of data analysis focused on teaching computers to understand human languages and draw conclusions based on textual input. This article throws light on how NLP techniques can support insurance companies in steering their businesses and better understanding their clients’ needs. We discuss the main benefits and challenges of NLP and an overview of popular approaches, ending with real business cases from the insurance industry.
The data science process
28 August 2019
Author: Kanika Bhalla
What makes a data scientist?
28 August 2019
Author: Alex Labram
Pensions Practice Board: protecting the actuary’s role
27 August 2019
In the fifth of our series on the work of the IFoA’s Practice Area Boards, Mark Williams, Chair of the IFoA’s Pensions Practice Board, blogs about changes and developments in the pensions industry.
Other blogs in this series:
Practical Guide to Climate Change for GI Practitioners
15 August 2019
Climate change is one of the biggest challenges facing the world. Scientific research points out that it is predominately driven by human activity. With an increasing focus of attention from regulators, customers and investors, the new “Practical guide to climate change for general insurance practitioners” highlights the impact of these risks on Pricing and Underwriting, Reserving, Reinsurance, Catastrophe Modelling, Investment, Risk Management and Capital Management processes.
Life Board research published in the British Actuarial Journal
14 August 2019
Life Board would like to highlight a number of research papers by their working parties which have recently been published in the British Actuarial Journal.
These have included:
Impact of Wearables and the Internet of Things Working Party - report published in the British Actuarial Journal
14 August 2019
The Impact of Wearables and the Internet of Things Working Party investigated the emergence of wearable technology and the internet of things and their current and potential usage within the health and care area. This included considering the impact of wearables on individually underwritten protection products and/or employee benefit schemes. The working party recently completed their research and closed down in January 2019.
Life Practice Board: In the twilight zone of Brexit
13 August 2019
In the fourth of our series on the work of the IFoA’s Practice Area Boards, Colin Dutkiewicz, Chair of the IFoA’s Life Practice Area Board, rounds up a busy year for the Board.
Other blogs in this series:
Giving coal the cold shoulder
6 August 2019
In recent months, some of the biggest insurers in the world have announced their withdrawal of support for the coal industry. Alasdair Smith, member of IFoA’s Resource and Environment Board and general insurance actuary, explores these developments and their implications for actuaries.
Connecting colleagues in risk management
5 August 2019
In the third of our series on the work of the IFoA’s Practice Area Boards, Neil Cantle, outgoing Chair of the IFoA’s Risk Management Board, looks at the Board’s approach to supporting actuaries, whatever their focus, wherever they are based.
Other blogs in this series: