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Final Program


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RPM Seminar

Modeling

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

C:PC:L3

S:CT:L1

S:CT:L2

S:CT:L1

S:BT:L3

T:AN:L3

T:CO:L3

T:CR:L2

T:CR:L3

T:IA:L2

M-2 - Actuarial Modernization

Tuesday, March 19, 2024
9:30 AM – 10:30 AM CST
CE: 1.2
Livestreamed
This session addresses the timely transition of small or traditional actuarial teams into the realm of predictive modeling. It explores the unique obstacles these teams face, such as resource limitations, juggling multiple roles, and the scarcity of experienced predictive modelers. The focus then shifts to solutions to transform these constraints into opportunities. The presentation underscores the importance of intuitive tech solutions, effective governance, partnerships, and strategic stakeholder engagement in facilitating this transformative journey, ultimately aiming to empower every actuary in this digital age.

Learning Objectives:

  • Define an actuarial modernization project and differentiate it from actuarial transformation
  • Anticipate frictions in the actuarial modernization process when incorporating advanced analytics concepts, by understanding stakeholders
  • Avoid common pitfalls of an actuarial modernization initiative, specifically when transitioning from traditional techniques to leveraging advanced analytics