The following video is a primer on Generative Artificial Intelligence specifically tailored for actuaries, presented by Dale Hall from the Society of Actuaries Research Institute. It explains that Generative AI involves algorithms that create new content by learning from vast amounts of data, and it highlights its potential applications for actuaries, such as automating tasks, generating code, and enhancing data analysis. The video also discusses practical considerations for using Generative AI, including quality, data privacy, and ethical concerns. Overall, it emphasizes the transformative potential of Generative AI in the actuarial profession.
Link to report: https://www.soa.org/resources/research-reports/2024/generative-ai-for-actuaries/
Contributors: R. Dale Hall, FSA, MAAA, CFA, CERA; Rose Northon; Lisa Schilling, FSA, EA, FCA, MAAA; Jon Forster ASA, MAAA