26 February 2024
Today the IFoA published its latest thematic review report: Actuaries using data science and artificial intelligence techniques.
Actuaries are well-placed to use data science and associated modelling techniques to address a wide range of problems. The review used case studies, provided by participating members and their organisations, to examine how actuaries are applying existing and emerging data science and AI techniques to their areas of practice.
The report’s author, IFoA Review Actuary Alan Marshall, said: “Thank you to everyone who has participated and given time to our review. This has undoubtedly helped us in assessing relevant findings to support both our members and the regulatory activity of the IFoA. I hope the findings and conclusions are of interest to a wide audience and we look forward to ongoing discussions and debate in this exciting field.”
To support the publication of the report, we are hosting a webinar to explore the key findings on Tuesday 19 March from 08:30 to 09:30.
The IFoA Thematic Review Programme is part of the Actuarial Monitoring Scheme (AMS), designed to improve the effectiveness of actuarial regulation in the public interest, provide meaningful, credible, independent feedback to members and their employers and promote ongoing continuous improvement.