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Who’s afraid of AI? Exploring actuarial advantages over machines

Chris Fievoli, FCIA, explores why actuaries can embrace AI with certain confidence. From the importance of professional judgment to the creativity and nuanced understanding that only humans bring, this piece highlights how actuaries can leverage AI as a powerful tool while retaining their indispensable role in the profession.

Harnessing AI and how actuaries can use it to thrive

This follow-up article explores practical ways that actuaries can actively engage with AI.

Surfing the swell of artificial intelligence

In early April, some 50+ actuaries from 17 countries gathered for the two-day IAA AI Summit in Singapore to discuss the rise of artificial intelligence (AI) and its impact on the actuarial profession.

AI – risks, principles and regulations

Artificial intelligence (AI) has recently piqued the world’s curiosity. While the trigger for all this attention was the capabilities of generative AI and large language models along with chatbots such as ChatGPT, the promise of AI is clear.

The future is now: How GPT-4 will revolutionize the actuarial profession

The actuarial profession has always been at the forefront of utilizing technology to improve decision-making and predictions. Now, with the introduction of advanced artificial intelligence (AI) and machine learning (ML) tools like OpenAI’s GPT-4, the profession is on the cusp of another major transformation.

Improving the Canadian insurance industry through big data

A new statement from the Canadian Institute of Actuaries (CIA), Big data and risk classification: Understanding the actuarial and social issues, says that using big data derived from new technologies can contribute to the healthy functioning of insurance markets.