In recent years, Machine Learning (ML) based algorithms have become popular in almost every industry, providing more accurate solutions to various problems, be it customers’ churn predictions, users’ segmentation or risk assessments. Whilst there are several reasons for this recent embracement of ML, the main reason must be that it simply works! The combination of the company's own data and profound domain knowledge, with great computational power and years of research, enables the ML algorithms to give a tailor maid solution to almost any business question presented to the machine.
The insurance industry holds massive amounts of data which are not fully utilised to assess the actuarial risks. Accurately estimating the probability of each risk factor to occur, in each sub population or region, enables the insurance company to better estimate the risk it is exposed to, and to better allocate its funds and capital.
Chief ActuaryView presenter info
Over 20 years of experience in actuarial work and consulting in all areas of insurance (life, health, pension, property & casualty) and all disciplines of actuarial work (pricing, valuation, illustration, risk management, data structuring). M.Sc., FSA, MAAA, F.II.A.
CEOView presenter info
10 years of experience in Financial Risk Management in largest life insurer in Israel. Hands on in developing Solvency applications and various automated financial tools back and front end. MBA in finance + B.Sc. computer sciences (Hebrew University of Jerusalem).
Machine Learning ResearcherView presenter info
Data scientist in top-tier startup, focused mostly on predictive modeling, including classification, regression, and survival supervised models. In addition, worked on clustering and partitioning algorithms. Served in an elite intelligence unit of IDF. Statistician, M.Sc, Applied Statistics and B.Sc, Statistics and Economics, both with honors - Tel Aviv University.
Editor, The ActuaryView presenter info
Mr. Sebastian is a Fellow of the Institute and Faculty of Actuaries, focusing on investment strategy. He has regulatory experience, as member of the European Commission’s financial crisis taskforce and with the Spanish Ministry of Finance. He holds an MBA from Columbia Business School, has authored several publications on investments and risk management, and is Editor of The Actuary.