The Rise of the Machine & the impact for actuarial modelling

Life in the Insurance sector is going to change in the near future as a result of scientific advancements in the areas of machine learning and predictive analytics. It has been forecast that the bulk of manual actuarial modelling will be replaced by machines. Martina King, CEO of Adaptive Behavioural Analytics company Featurespace, takes a look at the impact these changes will have for actuaries, and the steps they can take to stay ahead of the curve.

Income protection – the forgotten product

More people have pet insurance than have income protection and critical illness combined . This sounds hard to believe but the numbers don’t lie. The fact that these products only cover 7% of the workforce in 2015 speaks volumes for the failure of the industry to engage with the public and employers on the subject. Comparing this to the 25% of the population that has pet insurance and the problem is clear.

The 2015 Actuarial Post Awards are now open!

The first actuarial awards in the market enters its 4th year, with 2015 bringing a revamped award. This year we have changed our ever popular Top 30 Under 30 to Stars of the Future. Whilst still promoting the celebration of young talent in the actuarial world, we are spreading the net to ensure age is not a barrier to talent. Simply click the Awards button at the top of the Actuarial Post homepage

A Short History of Risk

Latest World News

Sun, 04 Oct 2015 In Australia, seeds of Islamic radicalism sown early
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Sun, 04 Oct 2015 Russia to step up air strikes in Syria
Sun, 04 Oct 2015 Palestinian stabs Israeli in fresh attack, shot dead - police
Sun, 04 Oct 2015 Insight - After VW, Germany needs EU friends to join its party
Sat, 03 Oct 2015 U.S. says conducted air strike near Afghan hospital, MSF says 19 killed
Sat, 03 Oct 2015 Palestinian kills two in Jerusalem, then shot dead - police
Sat, 03 Oct 2015 Cameron says will not be rushed on EU referendum date
Sat, 03 Oct 2015 Britain warns it needs robust reforms to stay in EU
Sat, 03 Oct 2015 Egypt says Russia's intervention in Syria will counter terrorism

Lifestyle Actuary

The trappings of fast paced city lifestyles rarely take into account the charm and elegance that a room, a dinner or a cup of tea can afford; characteristics lost to a by-gone era of debutante balls and black tie for dinner.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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