Generative AI for Actuaries: Risks and Opportunities

In the second article of this series, we dive deeper into some of the commercial and ethical aspects of generative AI for actuaries. The possibilities LLMs provide to improve productivity are explored, concentrating on the most value-adding tasks and risks associated with relying on this technology.

In Part 1 of this article series, we introduced the exciting new developments and potential applications of generative AI, a type of artificial intelligence that can create new content, such as text, images, audio and video. One of the most advanced examples of generative AI is ChatGPT, a chatbot powered by a Large Language Model (LLM) that can generate realistic and coherent text responses to any text prompt. We explored how LLMs work, what benefits they bring, and what challenges they pose for actuaries and their work. 

Lees verder >>