In this session, we are going to showcase how our proprietary tool, the GenieAPP, can assist with the actuarial product review process. It will highlight the speed and convenience at which this can be accomplished. GenieAPP acts as a ‘virtual actuary’, allowing both underwriters and actuaries to obtain real time predictive analytics about actuarial product performance, including Ultimate Loss Ratios and dashboard data visualisations.
By the end of the session delegates will be able to:
- Describe how technology can automate highly complex actuarial processes.
- Explain how business insights can be obtained through Actuarial Data Visualisations.
- Explain how streamlining & speeding up the calculation of Ultimate Loss Ratios will helps optimise decision making.
- Summarise how an automated, process-driven workflow improves internal communication between actuaries, underwriters, portfolio managers and the exec team and improves communications.
About the speakers
Asif is a qualified actuary with over 20 years of experience in the Insurance and re-Insurance sectors, and over 10 years in leadership roles. He formed ARGenesis Decision Science Solutions with a mission to support the community with innovative technology solutions, utilising techniques in Data Science, Machine Learning & AI. Asif also serves as the Chairman of the IFoA Data Science Working Party and is a guest lecturer on actuarial courses at the London School of Economics (LSE).
Viet Dang is a Data Scientist at ARGenesis and is the principle architect of our technology solutions. He has a PhD in Statistics and collaborates with academics within the actuarial domain. As a result of innovative developments that placed Data Science techniques at the heart of statistics in recent years, he believes that we as an industry must become more proactive. One way to achieve that is through bespoke and tailored software solutions. He is also a guest lecturer at LSE.