Machine Learning - Selected Masterpieces: Actuarial Data Science: Innovative Products Utilizing AI and ML Opportunities

Event Type
Online Sessions Series
European Actuarial Academy

Start time: 8.00 am GMT

End time: 10.00 am GMT

(10.00 am - 12.00 noon CEST)


Announcements from the European Actuarial Academy organiser: Is Data Science a means to an end or just the end in itself? With more and more Machine Learning methods, frameworks and automatised Knowledge Discovery (aka Data Mining), more often than not actuaries can easily get the impression that everyone is using new techniques simply because they happen to be available.
Alas, reinventing the wheel to drive the same cars on the same roads is probably not the end of the story.

The web session is addressed to interested persons who would like to get a first overview about the both innovative and disruptive potentials of Data Science in the actuarial practice. We do not require any specific previous knowledge and start from a very basic level. 

Please check with your IT department if your firewall and computer settings support web session participation (the programme GoToTraining is used for the web session).

Test Session: On September 1st 2020, 8.00 - 8.30 am GMT, there will be a test session offered to all registered participants to test the software.

The registration fee for each webinar is € 100.00 plus 16 % VAT only. You can book each session individually or register for all three sessions with a special discount of 20%.

Click here to make a reservation


In this web session, they will give an overview why and how the new methods and paradigms subsumed as "Actuarial Data Science" will change the business landscape in the insurance industry - and what are the caveats specific to these particular applications. Join in to learn:
• the close connection between new methods and new data sources and why just one of them is not enough to turn a profit
• a critical look at (probably?) over-hyped concepts and their realistic potential
• why agile development is not a requirement of Data Science, but a consequence

- Limits of classical product development
- The domains of influence of Actuarial Data Science
- Innovative (Data-driven) Product Development
- Customer Journeys
- Product Case Studies
- Final remarks

Dr Fabian Transchel
Biographical details

Dr Fabian Transchel is Professor for Data Science at the Harz University of Applied Sciences, Department AI, where his research focus is Insurance and Finance. He is active in the development of the new Actuarial Data Science subjects at the German Actuarial Association (DAV) and a lecturer for the German Actuarial Academy (DAA).