Insurance pricing
Integrating AI into Actuarial Work: Preserving Control and Applying Judgment
English
Talk about AI is everywhere, but what does it really mean for actuaries? While AI is certainly a powerful tool, it is simply that: one tool, among many, in an actuarial toolkit. However, these tools are different from others in our traditional toolkit and if used improperly, they will remove control and blind us to opportunities where we could be applying actuarial judgment.