Articles
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Maximizing Communication in Excel 365 with Dynamic Arrays, Lambda Functions, and ChatGPT
This article explains the benefits of using Let, Lambda, and Lambda Helper Functions in your Excel workbooks. The benefits discussed are extracting logic from cell references, version-controlling business logic, and using AI to convert logic to other languages for faster development of products. -
Model Validation 101: Bring Your Calculus Mindset!
Ideas for using calculus concepts to validate actuarial models. Focus is on reserve valuation models under PBR. Includes examples based on a simple Excel model. -
Illusion of Rationality
This article explores the fundamental differences between human thinking and the way Large Language Models (LLMs) generate responses. It illustrates how human decision-making involves multiple, often evolving, acceptance criteria, whereas LLMs rely on statistical probabilities to determine the most likely next word. -
MyActuary.AI The Journey of Democratizing Actuarial Knowledge Through AI
The Journey of Democratizing Actuarial Knowledge Through AI -
The Latest Trends in Actuarial Tech and Automation: A Snapshot of the Landscape Today and Hypotheses for the Future
This article provides a snapshot of the landscape of actuarial transformation today and hypotheses for the future. -
With A Little Help from My Friends
This article describes the importance of networking. It explains the strengths and weaknesses of strong and weak network links. It then it explains why becoming a friend of the section is the easiest and least commital way to network among actuarial peers. -
Quantum Actuary：Reshaping Insurance Cognition
This article will mainly explore the quantum characteristics in some insurance phenomena. By using the quantum theory, this article will aim to revolutionize traditional insurance thinking, reshape the insurance cognition, and explore the new paths for modern actuarial science. -
Comparison of Risk Adjustment Programs—California Medicaid Managed Care Versus CMS Medicare Advantage, PART II
Risk Adjustment (RA) is a key component for CMS Medicare Advantage program and California Medicaid Managed Care program. While both RA programs follow generally accepted basic principles, their underlying methodologies and assumptions are quite different. Due to recent events, such as COVID-19 Public Health Emergency and Medicaid redetermination delay and restart, it adds complexity to Risk Adjustment. This is a hot topic in the industry and has significant impact to health plans. Keeping current with Risk Adjustment program changes and understanding the commonalities and differences of these two government Risk Adjustment programs is important to our health actuaries. This article compares and contracts these two risk adjustment programs’ methodology and assumptions as well as special considerations due to serving different populations. This is Part II of the two articles on this topic. -
Comparison of Risk Adjustment Programs—California Medicaid Managed Care Versus CMS Medicare Advantage, PART I
Risk Adjustment (RA) is a key component for CMS Medicare Advantage program and California Medicaid Managed Care program. While both RA programs follow generally accepted basic principles, their underlying methodologies and assumptions are quite different. Recent events, such as COVID-19 Public Health Emergency and Medicaid redetermination delay and restart, have added complexity to Risk Adjustment. This is a hot topic in the industry and has significant impact to health plans. Keeping current with Risk Adjustment program changes and understanding the commonalities and differences of these two government Risk Adjustment programs is important to our health actuaries. This article compares and contrasts these two risk adjustment programs’ methodology and assumptions as well as special considerations due to serving different populations. -
Emerging Topics Community Update
The article contains a description of the Emerging Topics Community. The focus of the article is what is a community, what makes the Emerging Topics Community special, and benefits of the Community. Included after the discussion on the community are ways to get involved and be a part of the community.
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Dive into insightful content. Gain practical knowledge. Explore the latest research and key information for future use. Discover the Emerging Topics Community, an online forum that focuses on three main topic areas–Modeling, Predictive Analytics and Futurism, and Technology.