Insights

Harnessing The Power Of New-age Technologies

Harnessing the power of new-age technologies like advanced analytics and bigdata, actuaries are more in demand than the past decade, taking on new roles, hired for new types of firms, and shaping the innovation agenda. Tech firms are facing different kinds of challenges surrounding risk assessment, risk management, and liability and actuaries are the perfect choice to analyze and help manage these risks.

Mobility giant Uber hired Actuaries to compute insurance cost on a per-mile basis and later formed a Safety Analytics Team with DataScientists and Predictive Modelers to compute possible risks. Actuaries are reskilling themselves in machinelearning and data science to capitalize on the wide array of opportunities in insurance and technology firms.