What Is Deep Learning?
And How Will It Impact Claims Departments

The identification of claims likely to increase significantly is a crucial - yet challenging - task for claims departments. The identification process is difficult for various reasons (including lack of data). Failure to identify these claims early can result in costly surprises.

We will provide a high-level overview of Deep Learning, a class of Artificial Intelligence. Deep Learning mimics the hierarchical learning of the human brain to uncover patterns on extremely complex data, such as text. Deep Learning models are very powerful tools to understand context and even sentiment of text data. This session is a basic introduction to Deep Learning with an emphasis on examples and applications (no math required).

Mike Paczolt
Principal & Consulting Actuary, Milliman

Mike Paczolt, FCAS, MAAA, is a Principal in Milliman's Chicago office. He has a BS in Actuarial Science from the University of Illinois at Urbana-Champaign and a MS in Predictive Analytics from Northwestern University. He is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. Mike has over 10 years of experience as an actuary with specific focus on workers’ compensation. Mike also manages one of Milliman’s products, Nodal, which is a predictive analytics tool to estimate future workers’ compensation claim costs. Mike has deep familiarity with workers’ compensation data and analysis.

CompTalks are a presentation of the National Workers’ Compensation and Disability Conference – National Comp. CompTalks are short-format educational presentations that fit our busy schedules, delivered by voices throughout the industry. This series will offer a mix of thought-provoking opinions, insider perspectives and useful strategies you can bring back to your team to spark further discussion — presented on-demand.

This new feature is a complement to the National Comp conference program. Register now and save the date for our 2021 event, Oct. 20-22 at Mandalay Bay in Las Vegas.