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Evaluation

RPM Seminar

Modeling

Level 1: No prior knowledge of the subject (0-3 Years)

C:PC:L2

S:CT:L1

S:LT:L3

Achieve Profit and Equity using Deep Learning

M-1 - Achieve Profit and Equity Using Deep Learning

Monday, March 18, 2024
2:00 PM – 3:00 PM CST
CE: 1.2
Session Description: Balancing fairness and equity with insurance profitability and solvency is an emerging challenge to the industry. In this session you will learn about Deep Learning and see a process for obtaining an optimal rating plan structure which maximizes long term profitability while being constrained by an equity requirement. This session focuses on the concepts and outcomes more than technical details of deep learning.

Learning Objectives:

  • Participant will be able to utilize a method for measuring insurance fairness and equity
  • Participant will be able to understand how deep learning can solve optimization problems with many inputs
  • Participant will be able to help improve decision making frameworks within their organization for complex problems