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• A Statistical Framework for Enhancing Basic Actuarial Assumptions Using External Data Sources and AI Techniques: Part 1

  published date Nov 17, 2021

  additional article information 8 minutes to read
  Summary: The article provides a general modeling technique to enhance base actuarial assumptions using multiple linear regression and AI techniques. The modeling framework provides a novel way to combine risk factors impacting a base actuarial assumption from various independent data sources to create an aggregate risk adjustment factor that is logical and consistent.

  Topics:

  Modeling techniques

  Mortality

  Long-term care - Experience Studies & Data

  Morbidity

  Policyholder or participant behavior - Experience

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