Artificial Intelligence (AI) represents a blend of both hype and promise in the actuarial field. In this session, we will engage in an animated debate addressing essential questions surrounding AI and its applications within actuarial work. We will begin by defining what AI is, exploring its various facets, and clarifying common misconceptions.
Throughout the session, we will investigate whether AI can deliver substantial benefits to actuaries and their organizations or if its potential is largely overstated. Furthermore, we will delve into the primary challenges companies face when integrating AI systems, such as data requirements, the need for specialized skill sets, resistance to change within organizations, and regulatory hurdles. Practical strategies for overcoming these hurdles will also be outlined.
To enhance engagement, we will incorporate Q & A and live polls to gauge audience reactions to the presenters viewpoints during the debate. This interactive component will allow attendees to express their own view in real-time and foster a dynamic discussion.
By the end of the session, attendees will leave with actionable insights, the knowledge to evaluate the relevance and applicability of AI in their actuarial practices, and a clearer understanding of how to manage AI implementation in their organizations successfully.