Actuaries at small companies and startups are often asked to analyze data to predict future events. But what happens when a company like this just doesn’t have enough data—or is carving out a new market for which no data even exists?
CEO and actuary Timothy Paris believes he’s found the answer: relying on external data to strengthen results. He’s developed best practices for deciding which external data to use, how to ask the right questions and more. See his full recommendations in the article at The Actuary.