The role of AI in Modernising Actuary

The insurance industry has adopted artificial intelligence (AI). AI will affect everything, from NLP and chatbots to big data and algorithms in actuarial function. The actuary's position, however, may be the most crucial to the entire insurance industry. By understanding how AI will change the actuarial function. In so far as it has always been about developing models, which machine learning precisely automates, iterates, and optimizes the actuarial branch is particularly made for AI disruption. Points of discussion: 1. Considering the rapid disruption in insurance, how do you see the future of actuary getting transformed by AI? Is there any room for human and machine interaction in actuarial science in general? 2. Where do you think we are right now, in terms of AI and Actuary in insurance? 3. The benefit of using AI in insurance is quite clear, however do you sense any challenges from the industry when it comes to acceptance of AI to transform actuary? It can be from any aspect of the business-like people, culture, cost and environment. Speaker Bio: Halil Guvenc, is the Lead Analyst for Life Insurance Actuary at Boston Consulting Group. He is based in Munich Germany and prior to BCG, Halil was associated with Sopra Steria Next and Allianz Technology.