Application closing date: 7 December
Our starting premise is that while machine learning techniques are widespread in pricing, they are not being adopted ‘on the ground’ in reserving (certainly in the UK). The idea of the working party is to help move this forward, by identifying what the barriers are, communicating any benefits, and helping develop the research techniques in pragmatic ways.
At the same time we understand the resource and time pressures that reserving actuaries are under and the aim is not to replace existing reserving methods per se, but to start the journey to understanding if and how machine learning may help us in our day to day work.
This is an international working party bringing together experts in this field from around the globe.
Find out more about the group’s outputs
1. Find out where the market is on progressing this
2. Bring to together papers/work done to date
3. Undertake research
4. Look at specific questions around techniques, for example:
5. What research should be commissioned?
6. Trust and ethics
7. What data sources are available?
We are particularly interested in volunteers with relevant reserving experience. However, the working party is open to everyone with enthusiasm for the subject and time to commit. Applications are welcome from both members of the Institute and Faculty of Actuaries (IFoA) and non-members.
It is estimated that volunteers will be asked to devote at least one or two days per month to the research, developing models and/or writing up findings.
If you are interested in this role but would like an informal conversation before applying, please email us at engagement.team@actuaries.org.uk.
If you have read all the above and would like to apply, please send us:
Please email all the above to engagement.team@actuaries.org.uk. Please note, we are unable to accept late applications.
We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.
Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s governance manual and volunteer information pack. Before offering to provide support, please read through: what you need to know.