Predictive Analytics: The New Way to Forecast Mortality

The presenters will review investment trends, drivers, data sources and uses of predictive analytics and how it is transforming the life underwriting process. They will zero in on data being used (client + 3rd party), technology infrastructure requirements and modeling approaches. They will cover: predicting underwriting outcomes, building a mortality model, using the mortality model to stratify risk and predict risk classes.

At the conclusion of the webcast, attendees will:
• Be aware of the depth and breadth of predictive modeling across large and medium sized companies and the forces driving this new way to predict mortality outcomes
• Have an understanding of how a predictive-model based strategy starts with outcomes and uses modeling techniques to identify data characteristics most likely to produce those outcomes
• See that predictive analytics is not limited by what is already known and may discover new predictors of mortality

Kimberly M. Steiner, FSA, MAAA (Moderator)

Senior Director, Willis Towers Watson

Kim Steiner, FSA, MAAA, is a Director and leads the analytics and experience analysis initiatives of the Willis Towers Watson America’s life practice. She has led client assignments across a broad range of assumption setting, predictive modeling, principle-based reserving, reserve financing, M&A and financial modeling issues. Kim is one of the firm’s experts in several areas, including term insurance, principle-based reserving, mortality and COLI/BOLI products. Prior to joining Willis Towers Watson in 2008, Steiner worked as an actuary at Great-West Life and Annuity. She is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries. She has written several articles and is a frequent speaker at industry meetings.

Jason L. VonBergen, FSA, MAAA

Vice President Risk Selection Strategy, Northwestern Mutual

Jason Von Bergen is Vice President – Research & Analytics in the Risk Selection Strategy department at Northwestern Mutual. His division is responsible for research to support traditional underwriting standards and requirements development, new underwriting research & development efforts, automated underwriting program and tool development, and future strategy for risk assessment. Two major areas of recent focus include the development and management of the Accelerated Underwriting programs for Life and Disability Income and researching new, digitally available data for underwriting. He is an actuary by training and has been with Northwestern Mutual for 17 years. Away from work, Mr. Von Bergen enjoys playing basketball, home improvement projects, and spending time with his family which includes his three young children.

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Webcast Session
07/10/2020 at 4:00 PM (EDT)  |  Recorded On: 07/16/2020
07/10/2020 at 4:00 PM (EDT)  |  Recorded On: 07/16/2020
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