Description: In this session, we will explore the opportunities and challenges of leveraging AI tools to support valuation actuaries in their work. We will begin by introducing the concept of large language models (LLMs), discussing their capabilities, limitations, and potential errors. We will then delve into case studies that demonstrate how LLMs can be effectively utilized to reference actuarial documents. The session will also address key considerations when developing AI tools to mitigate errors, enhance safety and security, and improve overall efficiency. The case studies will cover fine-tuning and information retrieval techniques such as retrieval augmented generation (RAG). Our goal is to provide attendees with a foundational understanding of the nature of LLMs and offer practical insights and ideas for actuaries to build their own processes and tools that ensure accountability, safety, and efficiency.

Description: With the unprecedented proliferation in the size and complexity of data over the past decade, actuaries have invested considerable time and energy in the development of new skills and expertise in order to be able to understand and use “big data” to its fullest potential in the development of actuarial work product.

Description: Creating a predictive model is one thing, but then taking that model and getting full stakeholder buy-in is another. Learn from presenters' experiences and insights on proving model effectiveness in the long-term care (LTC), life and annuity spaces. Explore various topics such as feasibility, model transparency, fairness and equity, ROI measurement, data assets and compliance, infrastructure and more. By the end of the session, you will gain an understanding of how to navigate the challenges of proving the effectiveness of predictive modeling and obtaining management buy-in.

Description: The actuarial profession is changing rapidly and the skills needed to be successful are also changing. In this session, we will debate key topics and questions, such as: What is the predominant future career path for actuaries? Specialists or generalists? Does the actuarial profession have a meaningful value prop outside our core domains e.g. insurance? What skills are needed for the actuary of the future? What’s the best approach to improve actuarial storytelling to non-actuarial audiences? What’s the role of actuaries to managing and predicting emerging trends and assumptions? What is the role of actuaries in relation to development and ownership of advanced modeling? Is the future actuarial profession smaller/larger than it is today? In either case, how does it differ from today in terms of make-up, deployment, function, purpose, value add, etc.?

Description: One of the most effective ways to convey quantitative results is via data visualization. However, many times actuaries have been ineffective in doing this. In this session, you will see a demonstration of certain dataviz choices that make communicating results more effective in terms of graph type choice, graph element styles, colors and more. All examples will be in Excel-and doesn't require Visual Basic for Applications (VBA)! Nothing too fancy! I want to distribute working files to attendees before the session so they can follow along with how to build the graphs, make changes, etc. Graph choices will include line graph, tile grid map and jitter graph.

Description: This research assesses the evolution of life insurers’ Actuarial Transformation efforts and the future outlook, with a focus on emerging Advanced Analytics techniques.

Description: Because of its complexity, ensuring the security of cyberspace is one of today’s most significant challenges. As the cyber environment becomes more integrated with the real world, the direct impact of cyber security incidents on business is also heightened. This study aims to develop a generic model that can be applied by any organization. For the validation of the developed cyber risk analysis method, simulations and sensitivity analysis will be performed.

Description: The Actuarial Innovation and Technology Steering Committee of the Society of Actuaries is sponsoring this competition to encourage contestants to find innovative usages for data visualization software. This contest seeks to give actuaries and non-actuaries the chance to showcase their ability to tell a story by creating data visualizations for one of two standard datasets that have been created for this purpose.

Description: This call for essays explores the impact of Artificial Intelligence/Large Language Models on retirement professionals and retirees. Review background information, research objectives submission guidelines, and the timeline.

Description: This document is a call for essays issued by the Society of Actuaries Research Institute. It seeks submissions that explore the impact of Artificial Intelligence/Large Language Models on retirement professionals and retirees. The document provides background information, research objectives, and a list of illustrative topics and questions that the essays can address. The submission guidelines, timeline, and evaluation criteria are also outlined.