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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., 01/10/2020
End date
E.g., 01/10/2020

Events calendar

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area

  • Life Conference 2020 Webinar Series

    Online
    16 November 2020 - 27 November 2020

    Spaces available

    This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.