Background and purpose
The working party will drive insights into areas where digital evolutions, including modern techniques in data science and the real-time connectivity of data sources may affect the long term savings and protection industry.
The scope of the working party will be:
- What opportunities and/or emerging trends are there for the long-term savings industry that might be solved by current digital evolutions, such as AI / machine learning techniques?
- How digital evolutions are addressing these opportunities? E.g. emerging players and candidate solutions.
- What risks and threats might emerge from these new opportunities / trends / evolutions?
- What opportunities and skills can actuaries bring to bear (and equip themselves with) in the context of these digital evolution?
- Case study of interesting companies or products that demonstrates the digital evolution.
- What other actions can the IFoA and the working party take to promote and drive these topics?
The output will consider a big picture (industry wide) perspective, and visualise digital evolutions might change the outcomes for ultimate beneficiaries in the space of long term savings and protection, as well as the role of today’s intermediaries and potential responses from governments and regulators.
|Chair:||Angelian J Lai|
- 9 November 2017
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