Videos from actuview
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ASTIN Workshop - Reserving
Added 24 ViewsASTIN Workshop - Reserving Development triangles Case reserves IBNR, IBNYR and IBNER Common deterministic methods Stochastic methods Individual claims development
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Whistle Blowing – A Dilemma?
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Pre-funding of Healthcare Benefits After Retirement
Added 16 ViewsWhile current demographic and economic changes have implications for both pension and healthcare schemes, addressing financial sustainability of health care systems entails a somewhat distinctive approach. Throughout this paper we will propose a framework
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The modern actuary in healthcare – how can we help public ...
Added 11 ViewsWhen we think ‘modern actuary’, our minds jump to ‘Big Data, ‘Machine Learning, ‘AI’ and a futuristic world where technology reigns supreme. While the world may be moving in this direction, healthcare systems around the
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Big Data Analytics as an opportunity for Fraud Management in...
Added 8 ViewsFraud Management is inevitable to insurance companies as this informs the level of risk covered which in turn affects the premiums being charged. Over the years, with evolution of fraud detection methods, perpetrators of fraud have also been evolving thei
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From the Chain Ladder to Individual Claims Reserving using M...
Added 67 ViewsRecent years have seen the emergence of a lot of research on the application of machine learning techniques in actuarial science. In particular, there has been a noticeable amount of papers regarding machine learning applied to P&C Loss Reserving. Ove
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Unravelling black box machine learning technique predictions...
Added 7 ViewsThe development of new mathematical techniques, the improvement of computer processing power and the increased availability of possible explanatory variables has changed the way companies model their risks. This has caused the financial industry to move t
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AI in Actuarial Science
Added 70 ViewsRapid advances in Artificial Intelligence and Machine Learning are creating products and services with the potential not only to change the environment in which actuaries operate, but also to provide new opportunities within actuarial science. These advan
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Capital Management and Value Creation
Added 4 ViewsThe aim of the presentation is to consider the role of capital management in the value creation process of insurance companies. As a first step, the various interpretations of capital (from the economic, investor and actuarial perspectives), and related c
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Professionalism Case studies presented by the ASSA PMB - “...
Added 10 ViewsThe Actuarial Society of South Africa has implemented a new outcomes-based Continuing Professional Development process. Based on survey results just out, members feel overwhelmingly that it is a useful exercise that adds real value. In this session, Actua
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Dynamic Risk Assessment
Added 9 ViewsFollowing ten years of research, two principle contributory factors to our inability to model the future accurately. The first of these is the manifestation of trends and developments which have not been observed before. The lack of data on such events po
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Can life insurance ethically justify the discrimination in u...
Added 3 ViewsAlthough discrimination based on factors such as age, sex, socio economic class and health status is normally prohibited by law, such discrimination is an accepted practice in the risk assessment in life insurance underwriting. Voluntary private insurance
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The Journey Through the Line
Added 2 ViewsThe rapid convergence of the skilled human with the intelligent machine is changing business models and transforming the playing field at breathtaking speed. It is no longer a question of “what if” but rather one of “so how”. It is
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An Evaluation of Machine Learning Techniques On Class Imbala...
Added 8 ViewsThe estimation of the likelihood of rare events poses a significant problem for classification problems in machine learning. This occurs when one of the target classes has a majority number of instances concentrated to it compared to the minority class. T
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The Actuary at the Kraal
Added 12 ViewsIt is time for the actuary and the insurance industry to review and redefine the strategies employed to enabling access to the uninsured markets in South Africa. With the client being the core of the strategy and we must start engaging with our communitie
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ASTIN Workshop - Reinsurance
Added 12 ViewsWorkshop: Why reinsurance? Basic forms of reinsurance (quota share, surplus, stop loss, excess of loss) Elements or pricing Long tailed lines of business Alternative risk transfer
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ASTIN Workshop - Solvency
Added 11 ViewsTopics: Economic balance sheet Measures of risk Available risk capital Required capital Capital allocation and portfolio optimization
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The culture and purpose of The Modern Actuary
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Actuaries and Cyber Security
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Actuaries and Affordable Housing in Africa
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Set up and operating a new consultancy
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Scenario Testing for Flatrated Fleets during the yearly pric...
Added 61 ViewsThe envisaged presentation (in the area of flatrated fleets) will start from the calculation of the (actuarially correct) technical premium and will then deal with the commercial premium which is directly derived from the former one and subsequently adjus
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Managing Insurance Capital Standards with Limit Systems
Added 2 ViewsModern Insurance Capital Standards such as the South African SAM, the European Solvency II, or the global ICS usually describe methods to measure the company's risk accompanied by minimum requirements on the company's own funds. Usually the company's risk
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A Quantile Mixing Approach for the Combination of Experts' M...
Added 11 ViewsIn this article, we provide theoretical justifications for the use of convex combinations of quantile functions in order to combine experts' (or softwares) models. We assume that the experts' estimates are given in the form of two probability measures &mu
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A Standardized Machine Learning based approach to Conversion...
Added 11 ViewsThe aim of this paper is to calibrate and compare different Machine Learning techniques (or ML) for one of the most complex and relevant behavior observable in the Insurance Market: the Conversion Rate. The selected perimeter is the Motor Third Party Liab
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The Genesis of Storm Clustering: What Impact on Reinsurance ...
Added 9 ViewsWith an annual European average market loss of roughly €4.4 billion, extratropical cyclones constitute one of the major risks insurers face, especially when these storms come in succession. “Storm clustering” happens when two or more stor
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Dynamic and granular loss modeling embracing dependencies
Added 10 ViewsTo meet all future claims rising from policies, it is requisite to quantify the outstanding loss liabilities. Loss reserving methods based on aggregated data from run-triangles are predominantly used to calculate the claims reserves. Conventional reservin
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On The Necessity And Nature Of Standardising When Using Shri...
Added 18 ViewsShrinkage methods like Lasso or Ridge regression are a valuable extension of classical general linear models (GLM). By their capability of continuous variable selection they can help automating parts of the actuarial workflow. In contrast to most other ma
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Multivariate claim frequencies modelling in P&C insurance us...
Added 14 ViewsActuarial risk classification is usually performed at a guarantee and policyholder level: For each policyholder, the claim frequencies corresponding to each guarantee are modelled in isolation, without accounting for the correlation between the different
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Aggregation and Risk Measurement for a Portfolio of Exchange...
Added 3 ViewsIn this paper, we consider the computation of risk measures, such as the VaR and the TVaR, for a portfolio of n dependent losses assuming that the marginal distributions of the loss random variables are known but that the dependence structure is only know
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A Quasi Risk Factor Dependency Model for Non-Life Insurance ...
Added 16 ViewsThe aim of our work is to propose a methodology for modeling the dependency between different non-life insurance portfolios through the risk factors behind such portfolios. As in reality it is difficult to build an explicit model for the risk factors and
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Health Insurance across Africa: Not for the faint of heart
Added 7 ViewsHealth insurance is growing in prominence in Africa as more international insurers enter the various markets to compete with the existing local insurers. This talk will provide high level insight to the current situation, from the challenges of navigating
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GEMS Underwriting: a case study
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Internet of Medical Things (IoMT) & Health Care
Added 3 Views“The health care and life sciences industries are in transition from reactive and largely episodic models of care that are proving increasingly costly and inefficient to operate, to care models that are proactive, digitally-enabled and deliver bette
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AI in Actuarial Science
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Professionalism case studies presented by the ASSA PMB - “...
Added 7 Views“Brandon Does Diffraction” The Actuarial Society of South Africa has implemented a new outcomes-based Continuing Professional Development process. Based on survey results just out, members feel overwhelmingly that it is a useful exercise that
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International PMI vs Domestic PMI
Added 2 ViewsIPMI is a comprehensive insurance product to cover medical cost worldwide and appealed to a niche market. Policyholders have the flexibility to see a preferred doctor close to home or specialist in another country. The purpose of the study is to understan
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Health reform options for South Africa
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Health (IAAHS) Seminar
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Essence of Communication – Honing consulting skills
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Population Health Management - an international perspective
Added 8 ViewsInternational health systems can vary considerably – each with its own peculiarities, intricacies and often its own language and terminology. This can lead to challenges for the portability of ideas making it harder for actuaries working in one heal
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Aligning incentives: value-based purchasing of primary care
Added 7 ViewsEmbedded in National Health Insurance reforms is the notion of moving to a system of strategic purchasing of care, including the idea of purchasing primary care on a capitated basis. Capitated payment methods have gained popularity in fee-for-service (FFS
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Impact of improved lifestyle on management of chronic diseas...
Added 124 ViewsA joint presentation by a health care actuary at one of South Africa's leading managed care companies, Medscheme, and a high profile scientist, clinician, professor, sportsman and acclaimed author, Prof Tim Noakes. The low-carbohydrate, high-fat diet, oft
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Anti-selection in Health Insurance
Added 6 ViewsHealth insurance risk pools that are structured on social solidarity principles are particularly susceptible to anti-selection. This paper will present evidence of the effects of anti-selection with particular reference to the South African medical scheme
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Role of the Health Care Actuary – Panel Discussion
Added 19 ViewsModerator: Adrian Baskir (who is submitting this abstract) Panelists will cover different markets with (at least) one each from: The Americas/USA UK/Europe Asia Africa/ Middle East: They will comprise: An academic (actuary) A leading Chief Actuary at a He
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Largest behaviour change study on physical activity - Vitali...
Added 0 ViewsThe Discovery/Vitality study by RAND Europe demonstrates how incentives in the Vitality Shared-Value Insurance model combined with Apple Watch deliver dramatic and sustained improvements in physical activity levels. The study of more than 400k people foun
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Automating Reserving for optimal model selection.
Added 67 ViewsThere are a wide range of Reserving methods out there, but due to time constraints and prior preferences, actuaries very often confine themselves to a single or minimal number of methods in their work. As certain trends very often invalidate the underlyin
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The financial impact of new private hospitals on the private...
Added 8 ViewsHealthcare costs in the South African private sector have been increasing faster than general inflation. Both demand-side (e.g. age, and disease burden) and supply-side factors (e.g. new technology) have contributed to this. This presentation focuses spec
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How actuaries can support Public Sector Health Schemes and c...
Added 15 ViewsThe original meaning of the work “Actuary” is clerk. It comes from the Latin for account keeper, deriving from actus, “public business”. While the majority of modern day health actuaries find themselves working in the private secto
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Late joiner penalties as stipulated in the Medical Schemes A...
Added 60 ViewsLate joiner penalties as stipulated in the Medical Schemes Act (MSA) – how should these be structured? The purpose of the discussion will be to unpack the late joiner penalties. This will focus on both the funder side as well as the beneficiary side
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Theoretical Replacement Rates And Injured Workers in Italy
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Pension System in Algeria: a way of reform
Added 53 Views
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