This video, presented by Dave Ingram, explores the concept of the “The Actuary in the Model,” emphasizing the value of collaboration between actuaries and AI models, especially Large Language Models (LLMs) and Traditional Machine Learning (TML) techniques. Actuaries contribute judgment, experience, and intuition, while AI brings speed, vast knowledge, and connection-finding capabilities. Effective collaboration can elevate outcomes, with actuaries guiding, correcting, and integrating AI insights during the modeling process. The future envisions actuaries actively working inside AI systems to produce more comprehensive and creative actuarial solutions.
Contributors: Dave Ingram, FSA, MAAA, CERA ; Jon Forster, ASA, MAAA; Mason Roberts, FSA, MBA