THE PREDICTIVE MODELS FOR ACTUARIES IN CASUALTY, LIFE, HEALTH

Predictive Modeling for Actuaries: Eight Great PowerPoint Presentations and Articles,
by Claude Penland
Predictive Analytics for the Property & Casualty, Health and Life Actuary
This article will provide eight examples of strong industry presentations and articles where actuaries
can apply predictive modeling to life insurance, property and casualty insurance and health insurance
data.
At the Society of Actuaries Annual Meeting, a Fellow of the Society of Actuaries discussed Predictive
Modeling in Life Insurance. Topics included generalized linear modeling, mortality analysis,
policyholder behavior and stochastic modeling.
At the Actuaries’ Club of Boston and Hartford/Springfield Joint Meeting, a Chartered Financial Analyst
/ Fellow of the Society of Actuaries applied Predictive Modeling to Variable Annuity Lapse Rates.
Two Fellows of the Casualty Actuarial Society presented to the SoCal Actuarial Club on Predictive
Modeling for Property-Casualty Insurance. This is a substantial presentation on predictive modeling
strategies, methodologies and techniques.
Consultants at Towers Watson have written Multiple Dimensions of Pricing Sophistication, which
describes five dimensions of property and casualty insurance rating sophistication. These are pricing
strategy, competitive sensing, rating plan design, modeling approach and data.
PointRight employees recently wrote on Building and Maintaining a Profitable Captive Insurer with
Predictive Modeling.
At the Casualty Actuarial Society’s Ratemaking Seminar, a consulting actuary presented on Data
Preparation for Predictive Modeling, and described data requirements, types of data variables and
various data quality issues.
For the health actuary, More Predictive Modeling of Total Healthcare Costs Using Pharmacy Claims
Data: Adherence Dimension and Boosted Regression covers pharmaceutical claims predictive methods.
It was presented at the American Society of Health Economists Conference.
In Building a Predictive Model: An Example of a Product Recommendation Engine, Intelligent Mining
describes a predictive analytics algorithm that could be applied to building an insurance product
recommendation engine.
Read more at http://www.claudepenland.com/2011/02/14/predictive-modeling-for-actuaries-eight-
great-powerpoint-presentations-and-articles/

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