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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 […]
It's easy for actuaries to get caught up with precision when they should be using system thinking.
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 model conversion is perceived as difficult. Ask any actuary who’s had to convert a model from one system to another, and they’ll tell you the same things: It was confusing, because it was hard to understand just where we were starting from. We didn’t really know what we were doing when we started, so […]
