Entrepreneurial & Innovation Article Contest

The Entrepreneurial & Innovation Section held a competition that asked SOA members and candidates to submit an article solving a problem for the insurance industry related to the rise of artificial intelligence or offering an artificial intelligence solution to solve a problem for an insurance product.

Content in the articles listed below was not generated by artificial intelligence. 

Results

Entries were reviewed by a panel of judges from the Entrepreneurial & Innovation Section and three cash prizes were awarded, $500 for first place, $300 for second place and $200 for third place, in addition to bragging rights.

First Place

AI and EMRs: Pioneering the New Frontier in Healthcare Actuarial Practice
By Netanel Lederer, ASA, MAAA

Discover how AI-enhanced Electronic Medical Records (EMRs) has the potential to reshape health care actuarial practice, unlocking new insights and opportunities for actuaries in the evolving landscape of value-based care as the author explores the transformative power of AI-EMR integration.

Second Place

Bread, Milk, Cheese, Eggs and an Insurance Payment
By Nate Worrell, FSA

Imagine earning a little bit of insurance just by buying broccoli. This article explores how tools like artificial intelligence and machine learning open up new ways to understand policyholder risk and push product development to reimagine what insurance transactions look like.

Third Place

Pick a Payout Using AI
By John Blocher, FSA, MAAA

Jack is standing at a crossroad after receiving a communication that it is time to annuitize, and the available customer service is an AI/bot named Claire. Claire walks him through his available options and their respective costs, responding to his very specific needs, until he decides on a payout option. The customer service is better than a person would provide; will someone build Claire in real life?

Honorable Mention

A Patient Centric Approach to AI in Health Insurance
By Scott Damery, ASA, MAAA

The article explores how integrating AI into insurer apps can address critical challenges in health care, such as patient no-shows, medication adherence, and cost management. These non-disruptive approaches aim to increase the effectiveness of patient interventions and improve medication adherence.