The video by Syed Raza illustrates how actuaries can use LLMs to efficiently complete routine tasks, freeing up time for more analytical work. It follows an actuary who uses ChatGPT to draft a professional email summarizing Q2 mortality results, generate a meeting agenda with structured time blocks, create an Excel formula to clean up data, and write a formal paragraph for a report on updated assumptions. Each task demonstrates how AI can quickly produce high-quality drafts tailored to tone and context, reducing mental overhead. The video emphasizes the value of providing detailed prompts, setting custom instructions for consistent output, and maintaining data confidentiality when using public AI tools. In conclusion, it positions AI as a fast, context-aware assistant that enhances personal productivity in actuarial workflows, however, stresses the importance of leveraging the actuaries' insights as the human in the loop to assure quality in the final work product.
Contributors: Syed Raza, FSA, MAAA; Tom Callahan, FSA, MAAA; Jon Forster, ASA, MAAA