Bayes’ Theory has been used to find a lost hydrogen bomb, break the German WWII code, identify smoking as a cause of lung cancer and heart disease, establish merit rating in insurance, and enable computers to “learn” and “make decisions.” But each time it was used, the techniques were not published, and the theory was allowed to die.  Actuaries played a prominent role throughout history in originally discovering Bayes’ Theory and resurrecting it to solve practical problems. Roy Goldman brings to life this actuarial history in his Contingencies article “Bayes’ Gift,” based on the book The Theory that would not Die by Sharon Bertsch McGrayne.

Direct download: SOA17_20_Health_05_Roy_Goldman.mp3
Category:Health -- posted at: 10:19am CST

In this introductory episode, Dale Hall, FSA, MAAA, CERA, CFA, Managing Director of Research discusses the Living to 100 Monograph with Ronora Stryker, ASA, MAAA, Research Actuary.

***Please note, this podcast was recorded prior to the cancellation of  the Valuation Actuary Symposium due to Hurricane Harvey.***                   

Direct download: Research_Insights_-_Living_to100_Challenges__Opportunities.mp3
Category:Research Insights -- posted at: 12:00am CST

In this episode the winning Financial Wellness essays in the Workplace Initiatives Category are discussed.


Mike Boot, Managing Director, Sections and Practice Advancement and Joe Wurzburger, Health Staff Fellow provide tips and ideas for moderating a session at an SOA meeting.

Direct download: SOA17_30_PD_01_Tips_for_Moderators.mp3
Category:general -- posted at: 9:07am CST

During this podcast, Joe Wurzburger interviews Dave Dillon about the Health Section Council’s initiative concerning healthcare reform. They discuss how the SOA is addressing education and research concerning the important issues in the ever changing health insurance landscape.

Direct download: SOA17_21_Health_Commercial_Healthcare_Whats_Next.mp3
Category:Health -- posted at: 11:26am CST

Listen in as Anders Larson, FSA, MAAA, interviews Shea Parkes, FSA, MAAA, and Michael Niemerg, FSA, MAAA, about artificial neural networks. Artificial neural networks have gone through a recent renaissance as part of deep learning. Artificial neural networks can now provide amazing accuracy, but they come with an equally amazing amount of complexity. This podcast provides a very high-level overview of everything from their history to modern implementations.

Direct download: SOA17_29_PAF_08__Neural_Nets_Renaissance.mp3
Category:Predictive Analytics and Futurism -- posted at: 11:42am CST

U.S. Public Pension Plan Contribution Indices, 2006–2014 | SOA

This podcast discusses the recent study which explores contribution indices—metrics developed by the SOA that compare pension plan contributions to benchmarks that represent the contribution level needed to pay down unfunded liabilities—for contributions among 160 state and large city public sector pension plans in the United States.

 


Predictive Analytics and Accelerated Underwriting Survey Report | SOA

The Predictive Analytics & Accelerated Underwriting Survey Subcommittee of the Society’s Committee on Life Insurance Mortality and Underwriting Surveys has completed its report on the results of a survey designed to obtain feedback on several current hot topics in the industry, namely predictive analytics, accelerated underwriting and enhanced underwriting. This survey was sent to US and Canadian direct life insurance companies.This pocast discusses the report.

 


This podcast discusses the report which covers US regional population mortality experience during the period 2000-2015. The Society of Actuaries pursued the research as part its ongoing longevity and mortality research initiatives. The purpose of the research is to produce an overview of the differences and similarities in mortality by age group, time, cause of death and region (geographic and urban-rural) to better aid in the understanding of future expected mortality rates and the management of public programs and policy.


This podcast discusses the study sponsored by the Product Development Section, International Section, Smaller Insurance Company Section, and the Committee for Life Insurance Research.  This study examines global product development (PD) practices of life insurance and annuity companies. Performed by LIMRA and RGA, this project consisted of a survey of North American life insurance and annuity companies and examined current insurer PD processes including the evolution of the current strategy; variation of the strategies by company characteristics (e.g., size, life vs. annuity) and region (e.g., United States vs. Canada vs. Other companies); and identified leading PD practices globally. The results of the research can provide the life insurance industry with a resource to help enhance resource management and current processes to better serve the needs of its stakeholders.