In this intro thought-provoking video Yukki Yeung, an internal auditor, actuary, and data science lecturer at Northwestern, joins Sherry Chan, Managing Director at EY and former Chief Actuary of NYC, to tackle the timely issue of AI bias. Building on their presentation from the SOA AI Insight Symposium, they explore how bias manifests in algorithms and what actuaries can do to mitigate it. Through witty banter, real-world insurance examples, and sharp commentary on AI's quirky capabilities, like generating fake receipts, they bring critical insights to life. The session invites actuaries to confront the ethical implications of emerging technologies and take proactive steps to ensure fairness and accountability.
Contributors: Yukki Yeung, FSA, MAAA; Sherry Chan, FSA, EA, MAAA, FCA; Jing Kai Ong, ASA; Jon Forster, ASA, MAAA