NATIONAL INSURANCE ACADEMY

PUNE

P854 - R FOR ACTUARIAL DATA SCIENCE

(2025 - 26)

Background:

Insurance is primarily data-driven forward looking business. Actuarial Analysts play a very important role in predictive analytics, uncertainty management and risk modeling in such business. The availability of free and open-source software tools like R & related packages enable them to get the necessary business insight for more effective risk analytics and related actuarial activities. Also, Actuarial institutes like Institute of Actuaries of India (IAI), Institute and Faculty of Actuaries (IFoA), Casualty Actuarial Society (CAS) have already recognized the importance of software tools ‘R’ and ‘Python’ in their professional activities.

Therefore, actuarial aspirants, actuarial managers, data analysts, data scientists, etc.  need to develop necessary analytics skills in R. This hands-on training particularly focuses on Insurance Analytics, Financial Computing, actuarial analytics, loss modeling, Machine Learning, Deep Learning and Gen-AI by using R and related packages.

Contents:

§  R for Data Analytics & Visualizations, Time Value of Money, Financial Analytics, Contingencies, Survival Analysis

§  R for Loss Frequency Distributions & Severity Modeling

§  R for Claims Reserving

§  R for Machine Learning: Classification, Clustering, Association Mining

§  R for Deep Learning

§  R with Gen-AI and Gen-AI with R

§  Hands-on Exercises & Case-Studies in Insurance (LI, HI, GI, RI)

Participants’ Profile:

This Hands-On training is open to entire industry and other related organizations from within India as well as from other countries. Actuarial aspirants & employees, Claims Managers, Business Data Analysts, IT professionals working in Data Analytics & AI areas and officials (at various middle and higher levels) working in Insurance technical departments of Life Insurance, GI, Health Insurance, Re-Insurance organizations, Regulators, Insurance Information Bureau, Broking companies, - will benefit from this Hands-on training. Working employees from any other organization interested in learning ‘R for Insurance Data Analytics, ML, DL, etc. also employees pursuing actuarial studies will also get benefited. Passion for analytics and patience necessary. Background in R is not necessary.   

Approach:

This hands-on training is based on ‘R’ software and related packages. It has a proper blend of conceptual technological inputs, hands-on practices, Best Practices, Executive Briefings, Case-Studies and Experiences Sharing.

Duration:       3 days

Dates:            15.04.2025 - 17.04.2025