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Artificial intelligence thought leadership series: AI and the work of actuaries

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Within modern society, artificial intelligence has long been a part of human innovation. Its increased prevalence in recent years has rocked society and captivated global interest.

Many are now suggesting that the growth of AI is heading towards an inflection point. It could be capable of producing a technological renaissance akin to the rise of the internet or the splitting of the atom.

But what does the rise of AI mean for the actuarial and wider financial services sector? Our thought leadership webinar series addresses this question. We draw on expertise from the worlds of policy, science, academia, and financial services to demystify AI and its growing role in society. We tackle the big debates around AI ethics and regulation and set out the work the IFoA is doing in this space.

In the fourth and final webinar, we take a deep dive into what the increased prevalence of AI means for actuaries and their work. Both now and in the future.

Featured speakers

Chair

Matthew Edwards is an experienced life actuary working as the innovation lead in WTW’s UKI life division. He has been at the forefront of introducing predictive analytics into life and pensions work, with particular regard to mortality modelling. More recently, he co-wrote WTW’s response to the Bank of England’s consultation on the use of AI in financial services. He has also been working on a range of insurance applications of Ggenerative AI.

He is leading a small working group on the actuarial profession’s approach to Ggenerative AI. He is a former Chair of the CMI, co-chair/co-founder of the COVID-19 Actuaries Response Group, and was elected to Council in 2023.

Atreyee Bhattacharyya works as the Executive Vice President of Actuarial Business Applications at Star Health and Allied Insurance, India. She is responsible for developing and overseeing all activities pertaining to actuarial analytics within the company and implementing these to drive business decisions across various departments such as actuarial, underwriting, claims, and sales.

Atreyee is a member of the Ethics in AI Working Party of the IFoA and of the AI and Data Science Working Group of the Actuarial Association of Europe. Previously she was the chair of the IFoA AI and Automation Working Party for Life and Health. Atreyee is also a member of the AI task force set up by the International Actuarial Association. In these capacities, Atreyee has written several articles for The Actuary magazine and spoken at various conferences on the topics of application of AI in actuarial work and ethical considerations of AI.

Cat is a partner in LCP's Insurance Consulting practice. She has nearly 20 years of consulting experience and helps her clients understand and manage their insurance risks better. She works with a wide range of insurers, including large personal lines insurers, commercial insurers and Lloyd's syndicates. She holds a UK Chief Actuary Practising Certificate and is the Appointed Actuary for an insurer in Australia. She recently led LCP’s Global review of Insurance Reserving and Transformation across over 150 insurers internationally, presenting widely on its findings in the UK, Ireland, the USA, Gibraltar and Luxembourg.

Cat is the Chair of the IFoA’s GI Board, and has previously been the Chair of the IFoA's GI Lifelong Learning Committee. She is also a founding member of LCP's LGBT+ network which leads initiatives and provides support to ensure that we provide an accepting environment for LGBT+ individuals to thrive and prosper. She is also on the Senior Advisory Board of Link (the insurance industry’s LGBTQ+ network).

She has won a number of industry awards, most recently the "Role Model of the Year" at the 2023 Women in Insurance Awards.

Outside work, she enjoys spending time with her partner, son, three cats and a dog(!), as well as playing piano, organ and saxophone.

Alexey is a Head of Technical Excellence and Analytics Solution at Allianz Partners and is based in Munich. Here he is orchestrating various global data-driven initiatives in the UW function. Prior to shifting his professional focus to AI in 2020 he spent 9 years on various general insurance actuarial roles in several locations and companies of Allianz Group, being exposed to both personal and corporate segments. Alexey’s academia background includes actuarial sciences and a PhD in Game Theory from Moscow State University.

He is chairing the Lifelong pillar at the IFoA AI and Emerging Technologies Practice Board.