Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • December 2018
12

The actuary as data scientist 

Open-access content Wednesday 5th December 2018 — updated 5.50pm, Wednesday 29th April 2020

This one-day event exploring data science for actuaries took place at Staple Inn Hall on 5 November.


It was fully attended and covered a broad spectrum of topics, as well as real-world case studies.

The event kicked off with data science applications for automating life underwriting and improving policyholder experience. These included facial analytics from 'BMI selfies', the use of wearable technology and other non-traditional data sources. Pitches for six case studies followed. These crossed all practice areas, and each had a focus on a practical data science application that could be taken back to the office. Attendees later sought out more information on their three chosen case studies through 'speed dating' style talks. 

The afternoon sessions covered the applications of artificial intelligence in healthcare, and lessons learned from embedding data science projects into actuarial work. Questions on how actuaries could modernise some work practices were also raised, and the day rounded off with a lively panel debate on 'The Future Actuary', looking at how the role may evolve and the new skills that will be needed. 


This article appeared in our December 2018 issue of The Actuary .
Click here to view this issue

You may also be interested in...

Have you paid your subscription fee?

If you have not already renewed your IFoA membership for 2018-2019, you can still renew your membership by paying your subscription fee before 31 December.
Wednesday 5th December 2018
Open-access content

Council update: strategising for the future

Council’s second meeting of the 2018-19 sessional year took place in London on 19 October.
Wednesday 5th December 2018
Open-access content

Members survey: have your say

You should have received an email inviting you to take part in our 2018 Members Survey.
Wednesday 5th December 2018
Open-access content

Deaths & marriages

December's deaths and marriages.
Wednesday 5th December 2018
Open-access content

IFoA Risk Alert on GMP equalisation

The IFoA has issued a Risk Alert following the recent decision of the English High Court in a case brought by Lloyds Banking Group Pensions Trustees Limited.
Wednesday 5th December 2018
Open-access content

IFoA social care policy briefing series

During the past couple of decades, successive governments have made numerous attempts to reform the UK’s social care system, but funding remains under extreme and constant pressure.
Wednesday 5th December 2018
Open-access content

Latest from Professional

dxf

Bespoke tailoring: the UK government’s proposed reforms to Solvency II

Vrishti Goel discusses the UK government’s proposed reforms to Solvency II
Wednesday 31st August 2022
Open-access content
Financial services seen as most desirable sector for career changers

Financial services seen as most desirable sector for career changers

Over a third of UK workers will look to start a new career in the next year due to the cost-of-living crisis, with financial services seen as the joint most desirable sector, KPMG research suggests.
Wednesday 24th August 2022
Open-access content
web_p43_Student_student_july_2_CREDIT_Simon-Scarsbrook.jpg

Three’s a charm: the next iteration of the internet

Adeetya Tantia explains what we can expect from the next iteration of the internet, and how it could shake up the insurance industry
Wednesday 6th July 2022
Open-access content

Latest from December 2018

2

Price caps proposed to crack down on insurance 'loyalty penalty'

Price caps could be introduced to ensure insurance customers are not ripped off for their loyalty under new proposals unveiled by the Competition and Markets Authority (CMA).
Friday 21st December 2018
Open-access content
2

World's largest insurers refuse to support "test case" Australian coal mine

Ten of the world’s largest insurers will not support a proposed Australian coal mine described by NGOs as a “test case” that will show who is “interested in profiting from climate chaos”.
Thursday 20th December 2018
Open-access content
2

Global InsurTech investment doubles

More than $1.3bn (£1bn) was invested in insurance technology firms in the third quarter of this year, double the amount recorded in the previous three months.
Thursday 20th December 2018
Open-access content

Latest from no_opening_image

TPR publishes coronavirus guidance

The Pensions Regulator (TPR) has published guidance to help UK pension trustees, employers and administrators deal with the financial and regulatory risks posed by coronavirus.
Monday 23rd March 2020
Open-access content
web_p24_cat-and-fish_iStock-483454069.png

Sensitivity analysis: swimming lessons

Silvana Pesenti, Alberto Bettini, Pietro Millossovich and Andreas Tsanakas present their alternative approach to sensitivity analysis
Wednesday 4th March 2020
Open-access content
ta

IFoA adjudication panel: Mr Jack Wicks, student

On 30 October 2019 the Adjudication Panel considered an allegation of misconduct against Mr Jack Wicks (the respondent).
Friday 28th February 2020
Open-access content

Latest from 12

2

Price caps proposed to crack down on insurance 'loyalty penalty'

Price caps could be introduced to ensure insurance customers are not ripped off for their loyalty under new proposals unveiled by the Competition and Markets Authority (CMA).
Friday 21st December 2018
Open-access content
2

World's largest insurers refuse to support "test case" Australian coal mine

Ten of the world’s largest insurers will not support a proposed Australian coal mine described by NGOs as a “test case” that will show who is “interested in profiting from climate chaos”.
Thursday 20th December 2018
Open-access content
2

Global InsurTech investment doubles

More than $1.3bn (£1bn) was invested in insurance technology firms in the third quarter of this year, double the amount recorded in the previous three months.
Thursday 20th December 2018
Open-access content
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Manager - Building new team!

London (Central)
Up to £130k + Bonus
Reference
148845

Shape the Future of Credit Risk Model Development

Flexible / hybrid with 2 days p/w office-based
£ six figure salary with excellent bonus potential + package
Reference
148843

Longevity Director

Flexible / hybrid with 2 days p/w office-based
£ six figure salary with excellent bonus potential + package
Reference
148842
See all jobs »
 
 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ