Foundations in R for Actuaries (R1)

Learn the fundamentals of R through downloadable Notebooks, discover data management tools & techniques, statistical packages, and explore regression analysis, building your first model, validation, and visualisation.

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Introduction

If you’re looking to learn the foundations of R, this course is the ideal place to start. An individual subscription gives you 3 months’ online access to:

  • Course materials
  • Downloadable Notebooks with code and explanations
  • Discussion forums to engage and collaborate with like-minded individuals
  • Instructional videos
  • Option to ask tutors questions through forums and Q&A sessions
  • Practical examples linked to actuarial work
  • Practical coding challenges
  • On-demand access

As Well As

Our Industry and Actuartech Resource Libraries which feature curated additional content to assist you on your data science journey.

You can also request to do the online assignment for an additional fee; and if successful a course completion certificate could be issued.

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Pick from any of our introductory or advanced courses with bespoke insurance and actuarial specific case studies.

Our platform is easy to use and offers detailed guides, with course content and downloadable Notebooks offering code and explanations, enabling you to apply data science hands-on.

We provide case studies and projects relevant to actuarial work, and based on relevant datasets provided. You have the option to interact and network with your peers.

Overview

“Foundations in R for Actuaries” introduces students to the data science pipeline whilst teaching them the fundamentals of the open source programming language, R.

Throughout this course, students are exposed to data science topics such as data cleaning, data processing, model building, and visualisation, as well as ethical and wider business considerations when using data science in practice.

This course is presented through our training platform using Notebooks, with the code and explanations embedded. Notebooks are downloadable, offering students the opportunity to code along on their own device, or edit the Notebooks. Students can run the code and make their own tweaks to see how it affects the output.

In this course, we consider training and testing Generalised Linear Models (GLMs), and validate the results, as this is easily facilitated by R. R has robust statistical capabilities allowing users to easily fit a range of models from standard GLM’s through to neural networks.

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Foundations in R

Sign up for a free preview of this introductory course in R

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Course Structure

Chapter 1 introduces Problem Specification, beginning with an overview of R. It highlights its ease and functionality through using R as a calculator and implementing a simple linear regression model and plotting it.

Chapter 2 covers Data Collection which addresses importing external data and how to use different data structures.

Chapter 3 on Data Management showcases how to write purpose-built functions to manage data, and transform and manipulate a dataset in preparation for model fitting.

Chapter 4 outlines Model Building using GLMs and show cases some of R’s statistical functionalities.

Chapter 5 on Visualisation shows students how to use a variety of statistical functions to produce some basic graphs which assists in understanding the data better and validating the models.

The Appendix contains additional reading and references to some of the packages discussed.

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Who's this course suitable for?

  • Individuals and teams who wish to learn R from the ground up.
  • Individuals and teams who wish to understand how data science can enhance their operations.
  • Individuals and teams who wish to analyse data effectively and perform robust data analytics.
  • Individuals and teams with some experience in R outside the data science and/or actuarial business context and want to see how R can be applied there.

Why is this topic important?

  • R has various actuarial applications, including experience analysis, pricing, and reserving.
  • It has many statistical and data science applications, making it capable of training and validating machine learning models.
  • R code is simple to run and is usable across a variety of system configurations.

The course was just what I needed to rocket launch my learning of Python up the learning curve.

The course was brilliant value for money. You and your colleagues know a lot about Python, and are very patient in explaining it to newcomers like me.

Thank you for an incredibly insightful but so, so practical (think often the missing ingredient) presentation of this topic, that we are all grabbling with. Your experience and expertise shone through and certainly a testament to the stellar work that you guys are doing in the industry.

I’m in the process of reviving my actuarial career. The data science course has given me lots of new ideas and things to try. You have inspired me. Thank you so much for putting it together. I think it’s amazing!

I liked the fact that the course was a mixture of coding itself, and wider issues such as governance / ethics / good practice.

Get started

Foundations in R

Sign up for a free preview of this introductory course in R

Free Preview

Preview

£450 once off with assignment (3-month access)

Enroll Today

£325 once-off without assignment (3-month access)

Enroll Today

Interested in Corporate Training?

We have tailored packages available to ensure that corporate teams have the option to attend structured live lessons by our tutors, and the option to request a practical assignment and bespoke feedback. Invoicing option available.