State of the Art Tech in Actuarial Science

Announcement from European Actuarial Academy 

Technology drives actuarial calculations. The more and better we are able to calculate risks due to advances in technology, the regulators and auditors expect to see this embedded into companies. This session will focus on State of the Art Technology in Actuarial Science.

Technological improvements have the goal to make our day-to-day jobs easier and faster. Yet without understanding the underlying technology, new dependencies are created. This web session will focus on newly formed best practices in the global insurance industry regarding emerging technologies. You will learn the details on:

• Advantages and disadvantages of running calculations in the cloud versus on-premise and hybrid setups, and between various cloud providers,
• Why different industries adopted Graphical Processing Units for their (actuarial) calculations,
• How AI is limited in its success across the insurance industry for various business purposes; and where it is a proven success,
• The impact of modern technology such as semi-SQL GPU databasing and cloud API connectivity for a financial company,
• 2023 tech that has not been embedded in the insurance industry

During the web session, the NOT widely used but proven underlying technologies will be explained from an actuarial perspective. It will focus on the paradigm shift of the classical actuary waiting to interpret model results on their laptop to a data driven analytical and collaborative framework where most calculations are running in parallel. At the end of the session, you will be able to:

• Explain the key differences in computational cloud computation and how this impacts legacy and innovative financial companies (CPU vs GPU, cloud versus on-premise);
• Why AI is limited in its success across the insurance industry for various business purposes;
• How modern data base management and connectivity make the difference to be competitive as a financial company; speed to delivery!

Participants

The session is interesting for modelling actuaries using actuarial systems on a day to day or weekly basis, for decision makers and designers in the actuarial landscape, and for tech savvy people in general.

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

Click here to make a reservation: Your early-bird registration fee is € 120.00 plus 19% VAT for bookings by 19 January 2024. After this date, the fee will be € 170.00 plus 19% VAT.