An Introduction to Data Science in Insurance: One Day Training Event ONLINE

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Event description


Actuartech is delighted to present on 21 April 2020 (THIS WILL BE A VIRTUAL EVENT)

An Introduction to Data Science in Insurance: One Day Training Event

Learn by way of a practical application of data science to actuarial work.

Actuaries are increasingly looking to explore data science techniques as a way to deliver new insights, utilise new datasets and develop complex models efficiently. However, challenges remain to integrate these new techniques into the standard actuarial toolkit. A key challenge for actuaries is to understand the steps involved in a typical data science project, including how to create a robust framework for developing and reviewing advanced statistical models.

Click here to read a recent article that gives an overview of the steps in a typical data science process.


Improvements in computational power have given rise to the use of data science techniques in a wide variety of areas, including finance, driverless cars, image detection, speech recognition etc. In a world of high volume and varied datasets, data science techniques are invaluable to an insurance professional's toolkit to provide actionable insights from data.

The event will aim to provide:

  • An overview of the impact of Data science and possible applications within the Insurance Sector.
  • An understanding of the main techniques of Data Science including data management, machine learning, text mining, scraping and data visualisation.
  • Initial insight on how to address hot business topics in different fields of the Insurance Sector by leveraging data.

The day will include a walkthrough of an example application of data science to actuarial work including

  • Data preparation
  • Visualisation
  • Model fitting
  • Validation
  • interpretation of results
  • Performance of fitted data science model relative to one or two alternative models.

Who will benefit from the training?

Actuaries or other insurance professionals working in insurance looking to learn how:

  • Improved data and computational capabilities can tackle insurance related business challenges with increasingly sophisticated approaches
  • The insurance professional can expand their toolkit by learning practical data science skills
  • Data Science can be applied in an insurance context, using practical business examples.

We will also provide a high level overview of the various machine learning techniques that are used covering the key supervised and unsupervised learning methods. This will include examples of how data science techniques can be applied in insurance.

The event will require a hands on involvement and engagement from participants. It is expected that attendees will come with a willingness to participate and apply practical skills.

What prior knowledge is required?

We will bring data science to life by way of this introductory course.

The course will assume a good technical understanding of insurance data and products.

The event is open to insurance professionals from a general and life insurance background.

No previous experience using programming languages is required.

Who will be providing the training?

The event will be hosted by Actuartech:


21 April 10:00 am until 5 pm.

Webinar access details will be emailed upon registration

Pricing information

The cost of the event is £130 (cZAR 2500, £/ZAR currency dependent)

Practical Information

Participants only need to bring a laptop with the ability to connect to Wifi. Pre-event set up will be emailed upon registration.

The training language will be English.

Additional joining reminders and/or instructions may be sent prior to the event.

What is included in the price?

The ticket includes the fees to cover your place at the training event for 1 day.

The course fee includes training, all relevant learning materials, information required on software to download as well as relevant algorithms and data sets if required.

Companies’ package

We offer additional information and tailored courses for attendees of more than 5 people from individual companies. Should you be interested in this training we can also provide more information in order to organise dedicated training sessions in your office at competitive rates.

Ask for more information:

Other jurisdictions package

Should you be based in a different jurisdiction and are interested to attend but unable to join us at the event due to geographical restrictions, please contact us with details of your request and preferred location.

Ask for more information:

Terms & Conditions

Delegates acknowledge that the training event is aimed to provide an introduction to data science for insurance. Delegates acknowledge that the training is for personal enrichment and career development. All content and courses presented have been collected and presented with the best knowledge and intent possible. This in no way provides a guarantee of the level of success of understanding that delegates would be able to apply following the event.

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Eventbrite's fee is nonrefundable.

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