24 September 2026
The Institute and Faculty of Actuaries (IFoA) has published its landmark AI Manifesto, setting out how actuaries can support organisations in building AI systems that are robust, trustworthy and sustainable over the long term.
Artificial intelligence is transforming how organisations make decisions, but successful AI requires more than technical capability alone. Drawing on expertise in modelling, risk management, governance and ethics, actuaries help to navigate uncertainty, strengthen oversight and develop AI that delivers value while serving the public interest.
Actuaries are used to working in multi-disciplinary teams and can bring structure to discussions about risk, performance and fairness. They are adopting new tools which allow them to work confidently with predictive, generative and agentic AI systems. The IFoA continues to build and strengthen its support to members and the profession, developing new skills, research and guidance for AI.
This manifesto is for anyone accountable for, or interested in, the use of AI, including executives, product owners, chief risk officers, data and technology leaders, regulators, researchers – whether they are actuaries or non-actuaries. Its aim is to explain how actuarial involvement strengthens AI projects and supports better outcomes for organisations and the people it serves. Using real-world examples, the manifesto sets out what this involvement looks like in practice.
Alex Waite FIA C.Act, IFoA President-elect and AI Manifesto author, said: “AI can be a powerful force for good when shaped by people trained to balance risk, reward and responsibility. By embedding actuaries early in AI projects, you increase the likelihood that the system you build is one you can stand behind over the long term: commercially, professionally and ethically.
“I encourage anyone developing and deploying AI systems to read this manifesto, to understand how having an ‘actuary-in-the-loop’ can make AI safer, more reliable and more effective.”
Paul Sweeting FIA C.Act, IFoA President, said: “Actuaries are trained to manage uncertainty, balance risk and reward, and apply the professional and ethical standards set out in the Actuaries' Code. With skills that complement those of data scientists, engineers, product owners and legal teams, actuaries can play a key part in AI projects by shaping standards, guidance and research that work in practice.”
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Notes to editors
1. AI Manifesto. Institute and Faculty of Actuaries. (September 2026)
Contact
Sonia Sequeira, Communications Lead, IFoA
Tel: 07525 592198
Email: sonia.sequeira@actuaries.org.uk
Hannah Patmore, Communications Manager, IFoA
Tel: 07519106714
Email: hannah.patmore@actuaries.org.uk
About the Institute and Faculty of Actuaries
The Institute and Faculty of Actuaries (IFoA) is a royal chartered, not-for-profit, professional body.
Research undertaken by the IFoA is not commercial. As a learned society, research helps us to fulfil our royal charter requirements to further actuarial science and serve the public interest.
Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.
Members of the IFoA have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s of London.
Members are governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of actuaries in society.
The IFoA is available to provide independent expert comment to the media on a range of actuarial-related issues, including COVID-19 and its long term consequences, mortality, pensions, life and general insurance, health and care, finance and investment, climate change and sustainability, systems thinking, uncertainty and judgement, and risk management.