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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

Filter or search events

Start date
E.g., 27/01/2021
End date
E.g., 27/01/2021

Events calendar

  • India Town Hall

    Webinar
    28 January 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann. 

  • Spaces available

    What are the options for the world economy looking ahead?

    In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.

  • Spaces available

    Trust and Leadership for Actuaries

    Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:

  • Health and Care Hot Topics webinar

    Online webinar
    10 February 2021

    Spaces available

    In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.

    Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.

  • Spaces available

    As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.

  • Sub-Saharan Africa Town Hall

    26 February 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.

  • MENAP Town Hall

    2 March 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.