Essay by Tia Goss Sawhney, November 2008

This invited essay was published in the October 2008 the "Actuary of the Future" newsletter of the Actuary of the Future Section of the Society of Actuaries. I express the concern that actuaries are losing control of the analysis of insurance risk and numbers to other professional disciplines, disciplines who have mastered technical skills that we have all but ignored, and that unless we upgrade our technical skills, our domain and employment prospects will steadily shrink.

I describe two skills sets where we are particularly vulnerable: databases and predictive modeling.

http://soa.org/library/newsletters/actuary-of-the-future/2008/november/a...