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ICA LIVE: Workshop "Diversity of Thought #14
Italian National Actuarial Congress 2023 - Plenary Session with Frank Schiller
Italian National Actuarial Congress 2023 - Parallel Session on "Science in the Knowledge"
Italian National Actuarial Congress 2023 - Parallel Session with Lutz Wilhelmy, Daniela Martini and International Panelists
Italian National Actuarial Congress 2023 - Parallel Session with Kartina Thompson, Paola Scarabotto and International Panelists
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“Actuarial Thinking: Building the Future of Model-Driven Risk Systems” is a visual and narrative presentation into how actuarial science is evolving to meet the challenges of a data-driven, risk-intensive world. Starting from its historical roots in life insurance and mortality tables, the video explores how actuaries today engage with complex systems across industries: from finance and agriculture to public health and technology. Through the lens of modeling, viewers discover how actuaries use structured assumptions and data to anticipate outcomes, validate model performance, and design responses under uncertainty. The film highlights the shift from traditional insurance frameworks to enterprise risk management, CECL loan loss projections, IBNR claims modeling, and stress testing, all while emphasizing the importance of model limitations, validation, and innovation. At the end, the video argues that actuarial models are more than tools: they are decision-making frameworks that influence people, systems, and futures. As uncertainty grows, the true value of actuarial thinking lies not in predicting every outcome, but in building adaptive, transparent systems grounded in human values. This is a call to think bigger, model better, and lead the future of risk with purpose: lead the future, with actuarial thinking.
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