We will share the substantial work of the Institute and Faculty of Actuaries (IFoA) Machine Learning in Reserving Working Party (MLR WP)
While machine learning (ML) techniques are widespread in pricing, they are not being adopted widely in reserving. In 2019, the IFoA formed the MLR WP, which includes more than 50 actuaries from around the world, to identify barriers, communicate benefits, and develop research techniques in pragmatic ways.
The scope includes:
As the work is ongoing,the session will provide an update on the latest progress