On July 1, 2021, Jacqueline Friedland, FCIA, begins her term as CIA President. Get to know Jacque in this new episode of Seeing Beyond Risk as she shares her vision for the future and her plans to address diversity in the profession, climate change, emerging areas of practice, and more.
Since 2016, the CIA and its partners have released data from the North American Actuaries Climate Index (ACI) every quarter. The most recent release continues the tradition. But what can you do with this data? What does it mean? We caught up with members of the CIA’s Climate Change and Sustainability Committee (CCSC) to learn more about the ACI and help find out how you can make the most of it.
The increasing availability of big data and the use of predictive analytics are changing how insurers and actuaries operate. As companies face growing competitive pressures to perform, knowing how to mine and recognize the importance of data, in all forms, becomes a prime advantage.
Data science and actuarial science are both multidisciplinary in nature; they extract insights from data and require strong understanding of the underlying business processes and domain knowledge to be successful at accomplishing the task. A deeper understanding of data science can allow actuaries to leverage data science results in their work and find more applications in emerging practice areas.
An update from Practice Development Council Chair, George Wang, on the council’s goals and bright vision for the future of the profession and its actuaries.