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Using SAS® Dynamic Actuarial Modeling
8h 57m + Hands-On Practice
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Using SAS® Dynamic Actuarial Modeling
RDAM : RDAM1
This course introduces business analysts and actuaries to the tasks used in SAS® Dynamic Actuarial Modeling. The course includes hands-on demonstrations and teaches you key concepts, terminology, and base functionality that are integral to SAS Dynamic Actuarial Modeling.
Learn How To
  • Describe the features and benefits of SAS Dynamic Actuarial Modeling.
  • Describe the pre-configured used cases in the solution.
  • Describe the role and use of each component in SAS Dynamic Actuarial Modeling.
  • Describe and execute the process involved in SAS Dynamic Actuarial Modeling.
  • Perform several tasks to generate and apply pricing models using representative case studies.
    • Who Should Attend
    End users, data analysts and modelers, actuaries and any members of an organization's project team who needs to develop basic understanding of the solution and will participate in the design and development phases of implementation of SAS Dynamic Actuarial Modeling
    Prerequisites
    Knowledge of SAS Model Studio, SAS Intelligent Decisioning and SAS Visual Analytics is highly recommended however not mandatory
    SAS Products Covered
    SAS Visual Analytics;SAS Intelligent Decisioning;SAS Dynamic Actuarial Modeling
    Course Outline
    Introduction to General Insurance Pricing
  • Introduction to General Insurance
  • Key Terminology and Concepts of General Insurance Pricing
  • Simple Analogy of Pricing Process in General Insurance
    • Introduction to SAS Dynamic Actuarial Modeling
  • Introductions
  • Key Components and Functions
  • Use Cases in the Solution
    • Process Orchestration in SAS Dynamic Actuarial Modeling
  • Workflows and Cycles
  • Creating a Cycle
    • Data Management
  • Data Model
  • Data Processing and Data Exploration
    • Modeling
  • Model Inputs
  • Modeling Concepts and Pipelines Templates
    • Register and Back Test Models
  • Register Models
  • Back Testing Models
    • Rate Book Approach
  • Rate Book Approach
  • Rate Book Related Tasks
    • Gross Premium with Business Rules
  • Gross Premium Configuration
  • Gross Premium Testing
    • Impact Analysis and Review
  • Impact Analysis
  • Review Model
    • Publish Premium Model
  • Publish Premium Model
    • Additional Topics
  • Audit Trail Management
  • Renewal Optimization
    • Live Class Schedule
    Duration: 17.5 hours
    Step into our live classes and experience a dynamic learning environment where you can ask questions, share ideas, and connect with your instructor and classmates. With on-demand lab hours, you can explore the material at your own pace. Our globally acclaimed instructors will motivate you to think bigger, so you can take what you've learned and achieve your biggest goals.
    This course isn't publicly scheduled, but private training and mentoring may be available. Contact us to explore options.
    Private Training
    Get training tailored specifically for your team, led by expert SAS instructors. Choose from virtual sessions, or training at your location (or ours). Perfect for teams seeking a customized curriculum and plenty of interaction with a SAS specialist. We'll schedule it at a time that works for you.
    Request private training
    Mentoring Services
    Take your training to the next level with personalized mentoring. While private training offers structured coursework, mentoring provides hands-on, real-time support from a subject matter expert. As you work with your own data, you'll receive expert guidance to help you uncover insights, unlock the full potential of your data, and make faster progress. Perfect for those looking to apply what they’ve learned and see quicker results.
    Request mentoring