7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI
With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it's not surprising that nearly 7 in 10 ...
actuaries News
Intelligent Automation in Loss Reserving: Why Actuaries Need Help From Robot Analysts
Among the many things that have changed how the actuarial field functions is an underlying movement to automate. By integrating cognitive computing capabilities into their actuarial processes, ...
Carrier Groups Ready Proposal for Federal Pandemic Loss Fund–Not PRIA
Property/casualty insurance industry carrier groups are working to develop a proposed federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but it won't be ...
Actuaries, Data Scientists at Odds: Novarica
With roughly one-in-three insurance companies expanding or piloting data science units in 2016, they may be facing an unanticipated problem—friction between their actuaries and data scientists, ...
Making the Economics of Telematics Work for Auto Insurers
The crossroads of auto insurance these days is telematics, the use of an electronic device to monitor how an automobile is being driven. The device monitors where a car is and how it is being driven, ...
Price Optimization: A Dangerous Method?
Last year, right around Halloween, I started noticing some odd goings on at the professional association for actuaries, the Casualty Actuarial Society (CAS). As a Fellow in the CAS, I was receiving ...
Actuaries Regain Best Job Title
Actuaries are back on the top of an annual ranking of best jobs, retaking the crown from software engineers, who held the title for two years running—and trouncing newspaper reporters who have the ...