Mortality Experience Analysis in R (R3)

Discover how to use advanced techniques in R, including fitting various machine learning models, data cleaning, and visualisations to understand the drivers of mortality in this end to end walkthrough of mortality modelling.

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Introduction

If you’re looking to learn how to utilise advanced applications of R in an insurance context, this course is ideal for you. 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
  • Option to ask tutors questions through forums and Q&A sessions
  • Hands-on practical examples linked to actuarial work
  • 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 access to a coding project to practice the skills you learn in this course.

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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

This course guides students through an end-to-end walkthrough of various approaches to modelling mortality rates using machine learning algorithms and packages within R. The aim of this case study is to understand the drivers behind mortality through regression analysis and to balance fitting accuracy with smoothness. The models fitted include GLMs, GAMs, and gradient boosting machines.

We guide the student through importing, cleaning, investigating, modelling, visualising, and interpreting data using Notebooks with code and explanations embedded. We also investigate the appropriateness of various factors in the dataset and aim to create a smoothed mortality rate with respect to age.

If you're not already familiar with R, we recommend that you start with our Foundations in R course.

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Mortality Experience Analysis in R

Sign up for a free preview of this advanced R case study

Free Preview

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£325 once-off (3-month access)

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Course Structure

Chapter 1 introduces the data science pipeline and defines the problem we wish to investigate.

Chapter 2 sees us performing a preliminary analysis and feature engineering, and we outline any packages we may need going forward.

In Chapter 3 we utilise machine learning techniques to solve the problem we’ve identified and we test alternative models after improving the models fitted.

In Chapter 4 we interpret, validate, and report on the results of the models and their effectiveness in solving our identified problem.

We also make use of visualisation techniques throughout.

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Who's this course suitable for?

  • Individuals with a good grasp of the fundamentals of R.
  • Individuals and teams who wish to explore alternatives to GLMs, particularly in a life insurance context.
  • Individuals wanting to learn more about advanced machine learning models such as GAMs.

Why is this topic important?

  • Balancing accuracy with smoothness is a key concern when deriving pricing rates since mortality is inherently random and being able to address these issues is important within an actuarial context.
  • Advanced machine learning techniques are able to address non-linear relationships between variables that GLMs cannot always pick up.

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

Mortality Experience Analysis in R

Sign up for a free preview of this advanced R case study

Free Preview

Preview

£325 once-off (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.