The Double Diamond Framework
Actuarial decisions can be informed by the same processes used in software design. The double-diamond product design framework has four main steps: Discover, Define, Develop, Deliver. This framework, though intended for product design, can be applied to many decision making processes. By incorporating aspects of this framework into the decision-making process, leaders and actuaries can make sure they are delivering the best solutions that innovatively solve the real problem facing the business.
➡️ Explain the double-diamond framework as it applies to product design and actuarial applications.
➡️ Implement the double-diamond framework in the decision-making processes of their team.
➡️ Support the use of this framework by identifying times in the past where this would have been a helpful exercise.
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The Double Diamond Framework
Actuarial decisions can be informed by the same processes used in software design. The double-diamond product design framework has four main steps: Discover, Define, Develop, Deliver. This framework, though intended for product design, can be applied to many decision making processes. By incorporating aspects of this framework into the decision-making process, leaders and actuaries can make sure they are delivering the best solutions that innovatively solve the real problem facing the business.
➡️ Explain the double-diamond framework as it applies to product design and actuarial applications.
➡️ Implement the double-diamond framework in the decision-making processes of their team.
➡️ Support the use of this framework by identifying times in the past where this would have been a helpful exercise.
Learn more about the speakers
Thomas Holmes
Tom Holmes is Akur8’s Chief Actuary for the US region and is a co-author of the CAS Monograph 13: Penalized Regression and Lasso Credibility. He has experience modeling personal and commercial insurance, and volunteers with the CAS on predictive modeling topics. He is a frequent presenter at CAS events and Akur8 webinars, and performs industry outreach to share actuarial modeling methodologies and best practices. Tom is a Fellow of the CAS and holds music degrees from the University of Michigan and Ohio University.
