‘Can you predict without historical knowledge? Peter Kingsley approaches this dilemma’
Decision making in uncertainty
|PETER KINGSLEY is Chairman of The Oracle Partnership.
The finance, pensions and insurance sectors have long relied on data and mathematical models to justify decisions, many backed by the authority of actuarial practice. Everything from projecting life expectancy to aligning long-term pension obligations and capital allocation decisions are measured, creating a shared set of norms. Risk is traded. Value exchanged.
This article represents the opinion of the author, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 25 – March 2021