Big Data and Actuarial Professionalism
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June 28, 2016
Noon-1:30 p.m. EDT
The increasing use of Big Data in the insurance industry can raise professionalism issues for actuaries. What is Big Data? What are the implications for actuaries working with it? The Academy explored the right and wrong ways, ethically, to deal with Big Data. Participants came away with a greater understanding of what professionalism issues exist when working with Big Data, and how to navigate various challenges that may arise.
Our presenters used examples of Big Data in the life, health, and property & casualty practice areas and explored how actuaries can apply the Code of Professional Conduct, actuarial standards of practice, and other professionalism tools to issues that may arise when working with Big Data. Presenter and Academy President-Elect Bob Beuerlein outlined some of these ethical dilemmas in an article he authored in a recent issue of Contingencies.
Bob Beuerlein, MAAA, FSA, FCA, CERA
Ross Winkelman, MAAA, FSA
Member, Actuarial Standards Board
Jim MacGinnitie, MAAA, FCAS, FSA
Academy Senior Casualty Fellow
Academy General Counsel and Director of Professionalism
*The opinions expressed by the panelists during this presentation do not represent the opinions of any of the panelists’ employers or any boards or committees of the Academy or the Actuarial Standards Board or the Actuarial Board for Counseling and Discipline.
This webinar was presented by the Academy’s Council on Professionalism and co-sponsored by the American Society of Pension Professionals and Actuaries, Casualty Actuarial Society, Conference of Consulting Actuaries, and Society of Actuaries.
- The registration fee was $50.
- Government regulators were invited to attend free of charge.
*Special note to eligible Academy volunteers: To qualify for complimentary registration, you must be a member of an Academy committee (including boards, committees, subcommittees, work groups, task forces, etc.) and also be qualified for either a partial or total dues waiver during 2016. Please contact Doreen Hoyle at email@example.com or 202-223-8196 to register.
The American Academy of Actuaries believes in good faith that attendance at this live professionalism webinar constituted an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.