The video discusses the importance of internal documentation in actuarial work and how AI can assist in this process. It highlights key reasons for documentation, such as compliance, knowledge transfer, risk management, efficiency, quality control, and strategic planning. The video also provides examples of actuarial documentation and explains how AI can automate data extraction, summarize documents, and detect errors. Additionally, it addresses challenges in implementing AI, including data quality, integration, user training, and ethical considerations. Overall, the video emphasizes the value of thorough documentation and the potential benefits of leveraging AI in actuarial tasks.
Contributors: Han Henry Chen, FSA, FCIA, MAAA; Jing Lang, FSA, FCIA, MAAA; Jing Kai Ong, ASA; Jon Forster ASA, MAAA