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Modelling, Analytics and Insights from Data

This cross practice working party was established to investigate “Big Data”. Primarily focused on the latest and emerging thinking associated with modern mathematical tools and techniques, the working party will explore how the actuary may utilise these techniques to remain practical and add value to the businesses it serves

The GI Board will supervise the strategic outputs of this working party however, it remains a cross practice initiative with regular input from other practice area boards and members.

Key objectives:

This Working Party was created to:

  • further understanding of the latest in data science, big data, predictive analytics, machine learning and an ever wider range of mathematical techniques based on operational research, probability and statistics
  • develop a tool kit for members of the profession dealing with techniques now associated with colloquial terms including but not limited to data science, predictive analytics, machine learning and big data
  • consider where such tools and techniques are currently used; what sort of actuarial problems they might be applicable to; their implications for education, exams and continual professional development or the various codes of conduct
  • outline ways in which this work can be made continual - and identify emerging areas that offer special opportunity in current or new domains
  • undertake any other work and research as relevant and appropriate.

Keep up to date with the most recent developments in the data science realm, including outputs of the MAID Working Party, with the Data Science Digest.

Outputs

2019

Presentations from MAID Working Party Wrap Up Event, 21 May 2018

Outputs from GIRO 2017

Outputs from 12 May 2016 Data Science Universe Event:

Other outputs

Chair: Michael Tripp
Membership: 30+
Established: 2016

 

Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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Start date
E.g., 24/10/2021
End date
E.g., 24/10/2021

Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Spaces available

    This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.

    The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.

  • Life 2021 Webinar Series

    Online
    22 November 2021 - 26 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.