Editor's Note

Useful Things

Once again we have put together a pretty good issue, filled with lots of tools that actuaries can use.

For the second year in a row, the May/June AR includes a Predictive Analytics Marketplace that is geared toward those who work with predictive analytics. (For those who don’t, what are you waiting for?)

In “25 Years Ago in the AR,” Jerry Tuttle is quite an enthusiastic advocate for the new-fangled technology of electronic mail. Email, as we call it today, has not yet gone the way of the dinosaur, but it’s not the only way to communicate.

So, email got me wondering: Will driverless cars be the norm in 25 years or will they be considered a quaint form of transportation?

This AR features two articles on the increasingly familiar topic. Much has changed in the short time since we first reported on autonomous vehicles for our cover story in AR November-December 2015. The risk models being developed for these vehicles have real life-and-death implications. Will we actuaries have it all figured out in 25 years? Are driverless cars a trend, a season, a cycle or something else?

With new opportunities come risk — and our exam process is no different. Guest columnist Agatha Caleo points out some perils of the new CAS initiative Technology-Based Exams in “Cheaters Gonna Cheat.” I welcome Ms. Caleo to AR’s elite group of contributors. She is a CAS candidate who works on Future Fellows and is a member of the Candidate Liaison Committee.

Finally Don Mango delves deeper into insurtech, analyzing how and why it may disrupt what insurers have to do in order to bring valuable goods and services to the market. If you aren’t certain if insurtech is a trend, a paradigm shift or something else, perhaps this Explorations column will help you decide.

Please enjoy this issue of Actuarial Review.

Correction

In the March-April Actuarial Review, a photo accompanying the article “Demand for P&C Actuaries Takes a Dramatic Upturn in Malaysia” contains an error. In the picture captioned “Seminar speaker Steven Glickstein,” the correct name should be Steven Glicksman, FCAS. Glicksman is an actuary with Glicksman Consulting.