The following video is a primer on Generative Artificial Intelligence specifically tailored for actuaries, presented by Dale Hall from the Society of Actuaries Research Institute. It explains that Generative AI involves algorithms that create new content by learning from vast amounts of data, and it highlights its potential applications for actuaries, such as automating tasks, generating code, and enhancing data analysis. The video also discusses practical considerations for using Generative AI, including quality, data privacy, and ethical concerns. Overall, it emphasizes the transformative potential of Generative AI in the actuarial profession.
https://www.soa.org/resources/research-reports/2024/generative-ai-for-actuaries/
Be sure to find more short-form professional development videos similar to this one on Professional Development Edge+ : https://www.soa.org/prof-dev/pd-edge/
Contributors: R. Dale Hall, FSA, MAAA, CFA, CERA; Rose Northon; Lisa Schilling, FSA, EA, FCA, MAAA; Jon Forster ASA, MAAA
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With roots dating back to 1889, the Society of Actuaries (SOA) is the world’s largest actuarial professional organization with more than 34,000 actuaries as members. Through research and education, the SOA’s mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal challenges. The SOA’s vision is for actuaries to be the leading professionals in the measurement and management of risk. Visit soa.org.
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