With our first newsletter in 2022, we would like to draw your attention to two recently published EAA web sessions which will take place in May 2022.
In addition to that, we are proud to organize for the first time a communication training for actuaries with the goal to give all interested participants a solid foundation in this very important area of actuarial work.
Enjoy reading this first EAA newsletter on web sessions in 2022!
Web Session "Advanced Concepts of Clustering in Insurance" on 6 May 2022 Cluster analysis is the task of grouping a set of objects (e.g., observations, policies, claims) in such a way that objects in the same group (called a cluster) are more similar to each other than to those in other groups. In contrast to simple segmentation (e.g. by geographical location only), clustering uses several features to differentiate among those groups. Potential applications are manifold and centred around questions such as, for example:
In which customer segments do we mainly generate new business?
Which typical customer should we have in mind while designing new insurance products?
How can we make use of granular information, such as diagnose or treatment codes, for example, while dealing with a limited number of observations or claims?
How can we identify outliers in our underwriting or claims process?
The course shows how different algorithms can be used to obtain a segmentation of insurance data. The methods covered range from centroid-based (k-means, k-prototypes) to probabilistic (Gaussian Mixture Models) and density-based (DBSCAN) approaches. We demonstrate how the clustering results can be visualized and evaluated. Moreover, it will be shown how the clustering results can be used to identify outliers in the data set. We also cover techniques that reduce the dimension of the data so that the segments can be computed either on aggregated information or using only a subset of the available information. The course puts an emphasis on the practical application and therefore showcases all concepts on an insurance data set. further details
Web Session "Recent Actuarial Machine Learning Applications: An Overview" on 31 May 2022 Parallel to the very dynamic development of machine learning methods in the recent years, the number of applications of the "learning from data" paradigm in the actuarial area has been steadily increasing. In this web session we plan to present the latest implementations of the machine learning methods - primarily decision tree based models and neural networks - for finding innovative solutions for the old actuarial problems. An important criterium for the machine learning applications which will be presented in the web session is that an actual model with a company's data has been built. In the beginning we will give a short introduction of machine learning and its best known and currently most widely used algorithms - decision trees derivatives and deep neural networks. Then we will introduce a few applications by presenting the context of the actuarial problem and the results. Our intention in this web session is not to present code or to actually go through the modelling process, but rather to offer as broad an overview as possible of the recent applications in the actuarial departments. further details
Don't miss our Web Session: "Communication for Actuaries"on 28-31 March 2022, 9:30 - 13:00CEST with our top speaker Caroline Grégoire. The communication topics 9.1.1. to 9.1.8. of the AAE Core Syllabus are sufficiently to fully covered within this course. Please have a look at our programme and register here. Our early bird tariff is valid until 14 February 2022.
Further Trainings in 2022
24/25 January 2022 Web Session "Structural Reforms for Public Pension Schemes" further details
26/27 January 2022 Web Session "Introduction to Graph Theory for Actuaries" further details
31 January and 7 February 2022 Web Session "Actuarial Modeling for Cyber Risk" further details
15 February 2022 Web Session "Setting Up Discount Rates Under IFRS17: Getting the Job Done" further details
16 February 2022 Web Session "Practical Application of Clustering in Insurance" further details
3/4 March 2022 Web Session "Operational Risk for Actuaries" further details
8 March 2022 Web Session "Introduction to Effective Visuals with ggplot2" further details
10 March 2022 Web Session "ML Explainability in Actuarial Data Science: A Primer" further details
14/15 March 2022 Web Session "An Introduction to Economic Scenario Generators and their Validation" further details
16 March 2022 Web Session "Practical Machine Learning Applications in Finance and Insurance" further details
1 April 2022 Web Session "Machine Learning and Anomaly Detection" further details
5 April 2022 Web Session "Reinsurance under IFRS17 for Life & Health" further details
6/7 April 2022 Web Session "Mathematical Modelling for Actuaries" further details
2-5 May 2022 Web Session "Understanding the Performance of an Insurance Company: An Introduction" further details
12 May 2022 EAA e-Conference on Data Science & Data Ethics further details
19/20 May 2022 Web Session: Understanding IFRS 17 further details
20/21 October 2022 Web Session: Macro-Level Actuarial Reserving Models further details
24/25 November 2022 Web Session: Deep Learning with a Focus on Text Analysis further details
... and a lot more! Explore our website for more information.
