Description: Discover the key components of value-based care (VBC) contracts and their impact on provider credibility. Learn about benchmarks, measurement period results, and the unique challenges providers face in managing insurance risk. Gain insights into reducing costs and aligning financial incentives in the US healthcare market.

Description: Article describing content and key takeaways from experience completing the SOA PA Certificate

Description: This video by Arthur da Silva, FSA, FCIA provides a primer on Application Programming Interfaces (APIs), which are mechanisms that enable communication and integration between different software components. The video explains what APIs are, how they work, and how they are used by actuaries today and in the future. The video also discusses the benefits and trade-offs of APIs, as well as some examples of common and actuarial-specific use cases.

Description: A look at the near future and far future of various elements of Actuarial Models as defined through ASOP 51. What is driving the complexity for inputs, calculations, and outputs. Howe will actuaries handle these challenge?

Description: In this video, Jing Lang FSA, FCIA, MAAA, FLMI provides a panoramic view of the history and evolution of Artificial Intelligence (AI), from its theoretical origins to contemporary breakthroughs in deep learning, autonomous vehicles, and natural language processing. It highlights key milestones such as the Turing Test and the development of chatbots such as ELIZA, while emphasizing the ethical considerations that come with AI advancement, including privacy, bias, and transparency.

Description: An introduction to the methods and parameters for Bayesian Hyperparameter Optimization in a Life Insurance context.

Description: In this article we examine the benefits and drawbacks of using a global surrogate of a black-box model. Are surrogates a comfortable middle ground that provide insurers high predictive power as well as model explainability?

Description: This video by Arthur da Silva, FSA, FCIA introduces the core concepts of cloud computing and cloud platforms, and explains the benefits and trade-offs of using cloud-native, cloud-enabled, and cloud-based applications. It also provides an overview of the current and future usage of cloud computing among actuaries. The video is aimed at actuarial professionals who want to learn more about the cloud and how it can enhance their work.

Description: In this video, Chris Smith ASA MAAA, a health actuarial consultant and data science enthusiast, introduces the basics of machine learning and its applications in actuarial science. He covers various techniques, such as unsupervised, supervised, and reinforcement learning, as well as neural networks and gradient boosting. He also discusses the potential risks and ethical considerations of using these advanced technologies in the actuarial field. Contributors: Chris Smith, ASA, MAAA, Jason Reed, FSA, MAAA, Mitchell Momanyi FSA MAAA, Jessica Calafell, FSA, MAAA; Jon Forster ASA, MAAA

Description: A significant fraction of insurance risk is characterized by the tail of the claims distribution, where we have much less data to model probabilities accurately. Ignoring the tails can lead to underpricing of tail risk and mispricing. Estimation of the tails can be complex due to a bias-variance tradeoff--the further out we go into the tail the more accurately we can model the extreme tail (lower bias) but the less data we have (increased variance). The statistical tools of Extreme Value Theory can be leveraged to more accurately estimate both the incidence and the severity of extreme events given that they occur. using the Generalized Pareto Distribution.