Deep Blue, Alpha Zero, HAL 9000, SkyNet, and… your reserve model? The idea that you’re facing off against a multi-billion dollar silicon-based mind capable of destroying humanity (or just winning every chess game ever) may be a little far-fetched. But a growing number of actuaries have, in the very recent past, run into artificial intelligence […]
The Slope Blog
Discover key insights and thought leadership on the latest trends of industry and technology.
Actuaries can improve their actuarial model management by applying product management principles.
In order to take advantage of new technologies, and adequately satisfy new requirements, actuaries will need to develop a "culture of innovation" rather than performing a "project of modernization". This article provides tips to make that happen.
Actuarial modernization is underway at many insurance companies. Without proper planning, most of those projects will be unsuccessful. Actuaries must ask the right kind of questions when planning or evaluating future systems to get better results.