AI Use Cases and Actuaries - More Than Just Premiums and Reserving

A talk by Colin Priest
VP AI Strategy, DataRobot

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About this talk

There's a lot of hype about artificial intelligence, but is it all that different to what actuaries have been doing for centuries? After all, AIs use data-driven algorithms to make more informed decisions, which is very similar to a generic actuarial job description. With covid-19 social distancing upon us, insurers are racing to automate back room processes and improve the customer experience. This can seem outside the range of traditional actuarial tasks, such as premium analysis and claims reserving. This talk looks at the skill set required for artificial intelligence, the skill set all actuaries are taught. Based upon the relative strengths and weaknesses of actuaries. it proposes two vital roles for actuaries in data science.

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