Actuarial Data Science Introplication

Announcement from the EAA organiser:

Due to technological progress in connection with Data Science and Digitalization, summarized under the buzzword Big Data, a plethora of opportunities and challenges for the industry is arising. Technological developments have now also reached the insurance industry and thus have a direct impact on the working world of actuaries.

Under the heading Actuarial Data Science, the procedures and methods of data mining are embedded in the actuarial context. These range from mathematics-driven statistical methods for derivation of insights from data to computation-driven methods sometimes summarized as machine learning. As a result of almost unlimited computing capacity through cloud computing and wide availability of training data, tried and tested methods of machine learning, such as artificial neural networks, are experiencing a renaissance in theory and practice.

The potential of Actuarial Data Science is vast. It is widely expected that this potential will be realized in a more explicit manner in the coming years. In this web session we will present the current state of affairs in the area of Actuarial Data Science.

Introplication is a compound artificial word consisting of Introduction and Application. And in the web session, we would like to combine both: a basic introduction to the subject area with an overview of applications in the actuarial environment.

Introplication precisely defines the online program. We intend to give a basic and somewhat deeper introduction, showing the most important highlights from Actuarial Data Science and its applications. We start at the very beginning, so no prior knowledge is required.

In this two-day web session, we cover a wide range of topics from the basic concepts of artificial intelligence and machine learning, through modern data processing technologies and cloud computing, to the mathematical and statistical concepts of data mining. On our way, we will touch on important use cases in the actuarial environment and deepen one or the other business case. To this end, we provide a brief insight into the widely used languages (R, Python) and development environments in the data science context (RStudio, Anaconda) and take a look at innovative insurance products based on individualized risk assessments (e.g. pay how you drive). The online training will be rounded off with short and concise reflections on data protection issues and principles for the ethical handling of artificial intelligence in the insurance environment.

This web session is suited for actuaries, interested persons and for everyone who wants to get to know the topic (more precisely). Previous knowledge in Actuarial Data Science is not necessary. But a solid mathematical education is necessary to follow some of the concepts that will be presented.

Technical Requirements

Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom is used for the web session). Please also make sure that you are joining the web session with a stable internet connection.

Click here for reservation The registration fee is € 650.00 plus 19% VAT until 19 October 2022. After this date, the fee will be € 845.00 plus 19% VAT.