This video is a comprehensive demo led by Syed Raza, showcasing how actuaries can use LLMs to summarize and interact with technical documents, utilizing an example of the 117-page ASU 2018-12 practice note. It walks through creating a Custom GPT tailored to this document, demonstrating how actuaries can prompt ChatGPT for section summaries, executive briefings, bullet-point takeaways, and plain-language memos for leadership. The script emphasizes the efficiency and flexibility ChatGPT brings to actuarial workflows, particularly in digesting complex content and generating audience-specific outputs. It also illustrates how a Custom GPT enables quick, document-grounded Q&A without needing to manually navigate long texts. Overall, the session promotes AI as a powerful support tool for actuaries, enhancing productivity and communication. It stresses to assure you are the human in the loop in any work product and to verify any information that you are unsure of its accuracy.
Contributors: Syed Raza, FSA, MAAA; Mason Roberts, FSA, MBA; Juan Herrera, FSA; Jon Forster, ASA, MAAA.