The IFoA carries out regular thematic reviews and information gathering exercises looking at particular topics, roles, and/or areas of work relevant to actuaries. This involves reviews of how work is carried out in practice by actuaries, including a review of the work itself.
Outputs of these reviews and exercises explain and present the scope of the reviews as well as provide relevant analysis, findings, and/or recommendations.
The IFoA Review Team has published its seventh 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. This review used case studies, provided by participating members and their organisations, to examine how actuaries are using, applying, or developing new ways to use existing and emerging data science and AI techniques to their areas of practice in the 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 webinar is free to all IFoA members.
Alan Marshall, IFoA Review Actuary, 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.”