Are Data Scientists and Actuaries the Same?

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PricewaterhouseCoopers (PWC) recently published a terrific white paper, “How do actuarial and data science skills converge at life insurers?” PWC argues that the roles of actuaries and data scientists will be very different in 2030 than they are today. Actuarial Recruiter, Rory Hauser, highlights some core differences between data scientists and actuaries and also notes… Read more »

Will Data Scientists Replace Actuaries?

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As we embark on what should be an eventful 2018, there’s quite a bit that actuaries should be mindful of. From rising political tensions to tax reform the future is somewhat unclear, but job security is one area where actuaries seem to be well situated. While enjoying some Christmas cheer with colleagues I was asked… Read more »

Actuaries Might Be Your Best Friend in Hurricane Season

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“It is fair to say that climate change is challenging our long established risk models, especially for wind-based disasters.  In other words, what we now think of as a 1-in-500 year event may no longer be such a low probability incident as storms intensify as a result of climate change,” Sherif El-Tawil, Professor of Civil… Read more »

IoT and Insurtech: Revolutionaries of the Insurance World

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The insurance industry is one of the oldest business models around. There are many reasons for its longevity, but the chief reason is that it is incredibly cautious, risk driven and favors experience above innovation. Insurtech aims to wring out efficiency and savings from the incumbent insurance models through this much-feared innovation. It explores areas… Read more »

Why Being an Actuary is So Exciting!

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Why Being an Actuary is So Exciting!

An actuary’s primary responsibility is to calculate expected insurance losses and risks. Seem boring? Too Vanilla? Not true! While the existing stereotype about a career in insurance is that it will be boring, the reality is actually quite different. Insurance is on track to become one of the most diverse and exciting industries for two… Read more »

Meet the Team: Rory Hauser, Actuarial Recruiting Practice Lead

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Rory Hauser has a dog named Boomer.  A high impact dog for a high impact recruiter. Rory is as active in his work day, sourcing for clients and candidates, as he is after hours, hiking, biking and skiing.  High energy individuals are terrific recruiters because they don’t rest until the client has their ideal candidate… Read more »

The Top 7 Actuarial Industry Disruptors for 2017

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The actuarial recruiters at Smith Hanley Associates would like to share our view of the 7 Key Industry Disrupters that actuaries must pay close attention to in 2017. In the ever evolving, ever more complex insurance environment, here is what to watch out for.   1. Smart Cars For everyone that attended this years Annual… Read more »

Are Actuaries the Data Scientists of the Future?

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To truly be Data Scientists other industries require marketing and business statisticians to broaden their software skills beyond SAS and R to Hive and Python. We are starting to see the insurance industry ask more of their actuarial hires in their software and database skills. Historically, actuaries haven’t had the need for sophisticated programming skills…. Read more »

Savvy Actuaries Embrace Predictive Modeling

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Stuart Rose, Global Insurance Marketing Director at SAS, said insurance companies can increase profits by utilizing analytics across five business areas: Actuarial, Claims, Customer, Channel and Risk. Actuarial The Society of Actuaries has recently posted a number of interesting articles on the use of predictive modeling in life underwriting and quantifying mortality risk. Towers Watson… Read more »