EAA Web Session: Actuarial Data Science – Basic

Announcement from the EAA organiser:

Organised by the EAA - European Actuarial Academy GmbH in cooperation with the Aktuarvereinigung Österreichs (AVÖ).

This is part one of four courses (seminar and exam) to obtain the additional title Certified Actuarial Data Scientist by the AVÖ and/or DAV.

Participants who do not hold an AVÖ or DAV membership have also the opportunity to obtain a newly established EAA Certificate in Actuarial Data Science by taking part in all four modules and the corresponding exams. It is planned to offer all four modules in 2024 and 2025.

In addition, all courses are open to interested actuaries to deepen their knowledge and skills in the field of Actuarial Data Science (without exams).

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.

This seminar is the first part of a four-part series, where we cover a wide variety of topics ranging from fundamentals of digitalization in the insurance industry to data management and deep learning. The series had been very successfully established at the German Actuarial Association (DAV) and is based on the learning objectives of the DAV for Actuarial Data Science Basic, which is part of the actuarial training in Germany.

This seminar is suited for actuaries (and actuaries in training), 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. A laptop is not necessary but can be helpful.

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 to join the web session with a stable internet connection.

We intend to give an introduction to the concepts of Actuarial Data Science and its applications. We start at the very beginning, so no prior knowledge is required.

In this three-day seminar, we cover a wide range of topics. This includes a basic introduction to the concepts and terms of artificial intelligence, modern data management concepts (with a special look at insurance companies), aspects of data protection and the mathematical and statistical concepts of data mining. On our way, we touch different use cases in the actuarial environment. To this end, we provide a brief insight into the widely used language R and development tools in the data science context (RStudio, Anaconda). The seminar rounds off with principles for the ethical handling of artificial intelligence in the insurance environment.

Click here to register. Your early-bird registration fee is € 1,170.00 (net) / € 1,392.30 (incl. VAT, if applicable) until 2 January 2025. After this date, the fee will be € 1,521.00 (net) / € 1,809.99 (incl. VAT, if applicable).