Mon 11 Mar 2024 - Within modern society, artificial intelligence has long been a part of human innovation. But its rapid advancement and increased prevalence in recent years has captivated global interest.
In fact, many are now suggesting the growth of AI is heading towards an inflection point 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? In our new thought leadership webinar series, the IFoA will seek to address this question.
We will draw on expertise from the worlds of policy, science, academia, and financial services to demystify AI and its growing role in society. The series will seek to tackle the big debates around AI ethics and regulation and set out the work we as an organisation are undertaking in this space.
In the first event of the series, we will be joined by Felicity Burch, Executive Director of the Centre for Data Ethics and Innovation. Felicity will deliver a keynote presentation focusing on exploring AI, by explaining what it is, the latest development in its capabilities, and where it is being used across society and financial services.
You can watch the recording of this webinar on the IFoA’s Virtual Learning Environment (VLE). Watch recording.
You can also find further resources about the topic of the webinar on the VLE by visiting the Hot Topics: A focus on AI area.
Chair
IFoA President Kalpana Shah brings 30 years of business experience in the insurance and investment industry. She was longstanding Group Chief Actuary and Partner at Hiscox until 2016. She is now one of a handful of female Chairs in the insurance industry, a non-executive director of several organisations and a member of the Capacity Transfer Panel for Lloyd’s of London.
She is also a liveryman of the Worshipful Company of Insurers and member of Court of the Worshipful Company of Actuaries. She has Chaired and contributed to committees for the IFoA, Bank of England, Lloyd's of London and the Bermuda Monetary Authority. In the early stages of the COVID-19 pandemic, Kalpana headed the first voluntary team of actuaries helping the UK’s National Health Service with emergency analytics and planning.
Kalpana is a regular judge for the Women in Insurance Awards and a frequent speaker on insurance and diversity related topics. Over the years she has been recognised for her work by organisations including the Institute of Directors, Financial Times, Cranfield University, Insurance Insider and Brummell Magazine.
Felicity is the Executive Director of the Responsible Technology Adoption Unit (RTA).
RTA leads the government’s work to enable trustworthy innovation using data and AI as part of the Department for Science, Innovation and Technology. Felicity’s role is to lead the RTA’s multidisciplinary team of specialists and its overall strategy to deliver, test, and refine trustworthy approaches to data and AI governance, working in partnership with public sector and industry bodies.
Before RTA, she was the CBI Director of Innovation and Digital, leading the organisation’s policy work to create the conditions that enable businesses to come up with new ideas, invest in research and development (R&D), and adopt new technologies. At CBI, Felicity also worked on technology adoption, public spending on R&D, and labour markets. Felicity’s background is in economic policy, with a focus on business growth.
11 April: Artificial intelligence thought leadership series: ethics and regulation