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Community Driven Data Science in Insurance

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Community Driven Data Science in Insurance

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We introduce Kasa AI, a community driven initiative for open research and software development in insurance and actuarial analytics. Open source software has been credited for recent rapid advances in machine learning and its applications in various industries. The insurance industry, being a heavily regulated industry, has been slower to embrace open source, but recent trends indicate that actuaries are shifting their workflows to adapt to new technologies. We discuss motivations for the community, current projects, which span both life and nonlife insurance, and how tooling in the R ecosystem has enabled reproducible research at scale.

We introduce Kasa AI, a community driven initiative for open research and software development in insurance and actuarial analytics. Open source software has been credited for recent rapid advances in machine learning and its applications in various industries. The insurance industry, being a heavily regulated industry, has been slower to embrace open source, but recent trends indicate that actuaries are shifting their workflows to adapt to new technologies. We discuss motivations for the community, current projects, which span both life and nonlife insurance, and how tooling in the R ecosystem has enabled reproducible research at scale.

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