Research on the use of AI and other disruptive technologies in actuarial work
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The objective of this research, carried out by academics at Bayes Business School on behalf of the FRC, is to provide current evidence in relation to:
- The evolving nature of actuarial work - how growing AI adoption is changing the task composition of actuarial roles, and which activities are being transformed or displaced.
- Risk identification and management - how actuaries think about model risk and what validation processes they apply across an increasingly wide and heterogeneous model space.
- Systemic impacts on the profession - how AI adoption is reshaping the data and modelling environment within which insurers and organisations employing actuaries operate, and the implications for actuarial judgement and oversight.
The research is based on (qualitative) semi-structured interviews with actuarial practitioners across practice areas. Information provided during interviews will be fully anonymised; specifically, the FRC will not have access to interviewees’ personal data nor to any recordings/transcripts of interviews.
If you are interested in participating in this study by sharing your expertise and experience on how AI is impacting actuarial work, please get in touch with the researchers:
| Researcher | Website | |
|---|---|---|
|
Eugenia Cacciatori |
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|
Andreas Tsanakas |